Callouts & quotes from 804+ activist slides

"current Align customers could increase their cash flows by over 12% by printing aligners in-house."

"We believe there are multiple signs that Leidos is mitigating Operating Cash Flow (OCF) pressures."

"These dividends were not really paid out of free cash flows, they were funded primarily with debt."

"OUTR has already committed “to return 75% to 100% of free cash flow to investors” — Outerwall Inc."

"Track Record of Generating Strong Free Cash Flow Through the Cycle — Bunge Investor Day March 2026"

"Spruce Point observes substantial modifiers tied to the analytically flawed Free Cash Flow metric"

"As a result, this is a potential lever being used by management to embellish operating cash flow."

"GY's Free Cash Flow significantly exceeds its reported GAAP Net Income, for four separate reasons"

"When Apple pays out 100% of its future cash flow, it depletes its domestic cash sometime in 2014."

"NO MATERIAL TIES TO OTHER DIVISIONS AND A NEED TO USE ITS CASHFLOW TO REINVEST TO RESTORE GROWTH"

"We believe that IQ and DDMC conspired to over-report the price IQ paid for "If Time Flows Back.""

"Free cash flow is so microscopic it is not even visible if graphed next to market capitalization"

"Combination leads to ~$2.4B in free cash flow in FY23 — Autodesk 2018 Investor Day Presentation"

"Combination leads to ~$2.4B in free cash flow in FY23 — Autodesk 2018 Investor Day Presentation"

"Valeant removes restructuring charges to better match Net Income with recurring Free Cash Flow"

"Almost Everyone Is Mistaken About Dropbox's "Strong Free Cash Flow" And Conservative Reporting"

"Publishing is expected to generate steady free cash flow at a conversion rate of 40% of OIBDA."

"The Company generated ~$40 billion in cumulative incremental free cash flow in 2021 and 2022."

"The Company generated ~$40 billion in cumulative incremental free cash flow in 2021 and 2022."

"We have used a conservative 9.5% discount factor to apply to the unleveraged free cash flow."

"As Dropbox matures, we believe investors will increasingly focus on cash flow over revenue."

"Casino's consolidated financials are meaningless to understand the cash flow to the parent."

"Contrary To Lance's Statement, Management Is Not Compensated on Cash Flow, Instead EBITDA"

"This is one more reason why the perception that AMT's cash flow is stable is incorrect."

"GMCR has not had much free cash flow and says it won’t have much for the next few years"

"there is no argument against operating with improved efficiency, cash flow and margins."

"the aircraft will not be flown for credit toward FAA type certification — Aviation Week"

"The Board has already committed to returning 75-100% of free cash flow to shareholders"

"BLI machine only works for about half the time for different experiments and workflows"

"Canadian Lender Draws on Emergency Line as Deposits Flow Out — The Wall Street Journal"

"GoDaddy is expected to miss its 2024 free cash flow target by more than $150 million"

"At a 3.0x premium, "If Time Flows Back" stands out as being well above market price."

"GoDaddy is expected to miss its 2024 free cash flow target by more than $150 million"

"GoDaddy is expected to miss its 2024 free cash flow target by more than $150 million"

"Unlike industry peers below, WTRG noticeably does not discuss operating cash flow."

"~74% of Val-gan's pro-forma 2014E sales will come from durable, growing cash flows"

"Huntsman operates at a significant free cash flow conversion deficit to its peers."

"In fact, we estimate that cash flow has collapsed by -37% since the 2018 spin-off."

"Which is better for the landlord, tenant sales growth or tenant cash flow growth?"

"$37bn in net inflows over 5 years and a 7.0% AUM Growth CAGR (through 3/31/2012)."

"In 2018, Autodesk committed to reaching $2.4 billion of free cash flow in FY2023"

"In 2018, Autodesk committed to reaching $2.4 billion of free cash flow in FY2023"

"CXW trades for ~13x free cash flow per share or at an implied cap rate of 12.2%"

"In our view, this could signal director dissent, retention or cash flow issues."

"We believe that Disney no longer values free cash flow and that needs to change"

"NOAM Physical is Core Business 69% of Revenues, 86% of OIBDA, 96% of Cash Flow"

"Procept reference doctor Elterman suggests Zenflow can displace Aquablation."

"Almost half of New Red Lobster's cash flow may be due to its rent "subsidy"."

"We Believe Limbach Overstates Free Cash Flow by Excluding Key Uses Of Cash"

"Management is not committed to flowing all the cost savings to bottom-line"

"Mercury's FY18 operating cash flow is inflated by $18.8m (43% of total)."

"GAAP Net Income has not been a good proxy for Valeant's free cash flow"

"potential to improve workflow with a pliable catheter — Unnamed Expert"

"Cumulative free cash flow was ~11% BELOW the 2018 Investor Day target"

"Cumulative free cash flow was ~11% BELOW the 2018 Investor Day target"

"We Also Observe Sub-Par Balance Sheet And Cash Flow Situation At PLTK"

"PWC Viewpoint US IFRS vs. US GAAP; 15.8 Statement of cash flows — PWC"

"“a clear path to predictable, strong cash flows” — Paringa Resources"

"We use a discounted cash flow analysis to value the cliff portfolio"

"We use a discounted cash flow analysis to value the cliff portfolio"