Free Operating Cash Flow Ex Dividends/Revenue-5 Year Average

This value represents the average Annual Free Operating Cash Flow Ex Dividends for the last 5 years divided by the average of the Annual Total Revenue for the same period, expressed as a percent. Free Operating Cash Flow Excluding Dividends is calculated as Cash From Operations minus Capital Expenditures. Total Revenue represents revenue from all of a company.s operating activities after deducting any sales adjustments and their equivalents.