|By Raj Giri||February 28, 2013 | Comments|
Free Cash Flow is also expected to decline in 2013 due to capital expenditures of $50 million to $60 million, of which approximately 65% is an estimated one-time expenditure to replace our aging corporate jet, which is nearly 20 years old. We expect the acquisition of the aircraft will be financed at attractive rates, and that the sale of our current aircraft will offset a significant portion of the down payment. As indicated above, a network launch within the year would further negatively impact 2013 Free Cash Flow. Similar to our EBITDA performance, successful execution of our content strategy could significantly enhance our Free Cash Flow by 2015.
Free Cash Flow assumes an investment of approximately $15 million to $20 million (net of tax credits) in 2013 to produce a portfolio of movies. While we have confidence that our revised approach to filmed entertainment will yield returns above our cost of capital, we have also established criteria that will guide our participation in this business. Future investment will be predicated on the evaluation of our performance in 2013. Regarding all of our content related initiatives, including movies, our intent is to establish a solid foundation for meaningful earnings growth.
Got a news tip or correction? Send it to us by clicking here.
Karl Anderson On WWE And NJPW Travel Differences, Which Scheudle Is Easier, More
Big Show Believes Shaq Wants To Back Out Of Match, Daniel Bryan & Brie Bella Doctor Visit, WWE Stock
TNA Impact Wrestling Audience Back Under 300K With Wedding As The Main Event, Latest Impact In 60
Top 20 Most Popular Shows Of The Week On The WWE Network: ECW Cracks The List, Where Did NXT Land?
Post-WrestleMania NXT Tapings Update, WWE Network Birthday Today, The Rock And Steve Austin At RAW
Big WWE 2K17 Botch (Video), Kurt Angle And Becky Lynch Appearance, WWE Shop Sale, RAW In Kansas City
Roderick Strong On Getting The Call From WWE, What He Would Have Done If WWE Didn't Call, NXT Goals
Sean Waltman On His Interaction With Vince McMahon At WWE RAW, Trying To Get Bret Hart In The Kliq
** UPDATED SPOILERS ** WWE NXT Tapings For March
Daniel Bryan Says That AJ Styles Thinks That The Earth Is Flat
Spoiler: WWE NXT Superstar Loses A "Loser Leaves NXT" Match For Next Month
Student Brings "Kill List" To Middle School, Reportedly Inspired By Chris Jericho's "List" On WWE TV
Possible WWE Roster Changes Coming After WrestleMania 33, Naomi Rehab Video, Seth Rollins Games
Adult Film Company Filming A WWE Parody On The Montreal Screwjob With Vince McMahon, Others (Photos)
Backstage News On Naomi's Injury, Why She Relinquished The Title This Week, Her Return, More
AJ Styles Plants Seed For Shane McMahon Match? (Video), AJ Lee Comments On "Movie" AJ Lee