The Deal Desk

Episode 15

Unlevered free cash flow, or who pays for the capex

Warren Buffett once showed the same company's year with two very different profits. He trusted neither. He trusted the cash.

First released 7 October 202611 minAI voices by Google GeminiDownload MP3 (8 MB)

Transcript

    Next episode

    Episode 25 Purchase price allocation and goodwill What happens to the price after the deal closes, and why goodwill can come back to bite.

    Releases on 17 October 2026 at 07:00, Rome time.

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