The tables below include financial information prepared in accordance with Generally Accepted Accounting Principles in the United States, or GAAP, as well as other financial measures referred to as non-GAAP. The non-GAAP financial measures should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP. Amounts labeled as Actual represent historical results. Actual free cash flow represents our operating cash flow adjusted for restricted cash and capital expenditures, net. Free cash flow is not a measurement under GAAP in the United States and may not be similar to free cash flow measures used by other companies. Our management utilizes free cash flow as a measure of cash generated from operations, and we believe that free cash flow provides useful information to investors regarding the amount of cash that we generate from operations. Free cash flow can be reconciled to our consolidated statements of cash flows in the particular fiscal period, as follows:
Projected free cash flow is an estimate of our operating cash flow adjusted for restricted cash and capital expenditures, net . Projected free cash flow is not a measurement under GAAP in the United States and may not be similar to free cash flow measures used by other companies. Our management utilizes free cash flow as a measure of cash generated from operations, and we believe that projected free cash flow provides useful information to investors regarding the amount of cash that we estimate that we will generate from operations over a certain period. Projected free cash flow is only an estimate and contains forward-looking information. We have made a number of assumptions in preparing the projections, including assumptions as to the components of the projected free cash flow. These assumptions may or may not prove to be correct. In order to provide projections with respect to free cash flow, we must estimate amounts for the GAAP measures that are components of the reconciliation of projected free cash flow. By providing these estimates, we are in no way indicating that we are providing projections on those GAAP components of the reconciliation. The projected free cash flow and component amounts are subject to various risks and uncertainties, and do not guarantee actual results for the period indicated. Factors, risks and uncertainties that could cause actual results to differ materially from those projected include those discussed in the documents that we file with the Securities and Exchange Commission. We undertake no obligation to update or revise any of the projections, whether as a result of new information, future developments or otherwise. Projected free cash flow can be reconciled to our projected net cash flow from operating activities in the particular fiscal period, as follows: |
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