Beruflich Dokumente
Kultur Dokumente
General 10-Year DCF Spreadsheet Valuation Model (Dollar Amounts in Millions Except per Share)
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year n+1
Panel A – Inputs for Present Value Calculations
1 Net revenues $ 206,083
2 Revenue growth rate -10.0% 3.0% 4.0% 5.0% 7.5% 6.5% 6.0% 5.0% 4.0% 3.0% 3.0%
3 NOI
4 Cash tax rate 39.9% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0% 38.0%
5 Income taxes - - - - - - - - - - - -
6 NOPAT $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
7 + Depreciation 8,130 - - - - - - - - - - -
8 – Change in working capital 5,463 - - - - - - - - - - -
9 – Capital expenditures 8,446 - - - - - - - - - - -
10 – Change in other assets net 583 - - - - - - - - - - -
11 Free cash flows $ (6,363) $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ -
12 WACC
1/(1+k)
13 Discount factor
14 Present values