(1) Non-GAAP measure, see above for definition.
Schedule 5 (continued): |
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SCIENCE APPLICATIONS INTERNATIONAL CORPORATION |
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NON-GAAP FINANCIAL MEASURES |
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(Unaudited) |
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Free Cash Flow |
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|
Three Months Ended |
|
Nine Months Ended |
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|
November 1,
|
|
November 2,
|
|
November 1,
|
|
November 2,
|
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|
(in millions) |
||||||||||||||
Net cash provided by operating activities |
$ |
116 |
|
|
$ |
86 |
|
|
$ |
389 |
|
|
$ |
162 |
|
Expenditures for property, plant, and equipment |
— |
|
|
(6 |
) |
|
(14 |
) |
|
(24 |
) |
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Free cash flow(1) |
$ |
116 |
|
|
$ |
80 |
|
|
$ |
375 |
|
|
$ |
138 |
|
Free cash flow is calculated by taking cash flows provided by operating activities less expenditures for property, plant, and equipment. We believe that free cash flow provides management and investors with useful information in assessing trends in our cash flows and in comparing them to other peer companies, many of whom present a similar non-GAAP liquidity measure. This measure should not be considered as a measure of residual cash flow available for discretionary purposes.
