|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.
Kane On His Reaction When Vince McMahon Pitched Isaac Yankem Gimmick, Liking Fake Diesel Concept
Backstage Big Cass Update From RAW, Ronda Rousey - Dana Brooke Full Dark Segment Video, Sasha Banks
Nia Jax & Alexa Bliss Hype WrestleMania 34 Match, Mark Henry WWE HOF Video, How Old Is Sting Today?
Kane Vs. John Cena Set After RAW Attack (Video), Matt Hardy On The Ultimate Deletion, Cowboys At RAW
Ronda Rousey, Braun Strowman, Elias And Kane Work RAW Segments During The Ultimate Deletion (Videos)
The Ultimate Deletion Photos & Videos From RAW Main Event, Jeff Hardy's Return, The Great War Ends?
WINC Podcast (3/19): WWE RAW Review With Matt Morgan, AJ Styles Injury, Fabulous Moolah
First Andre Battle Royal Participants Revealed, Daniel Bryan SmackDown Return Promo, RAW Attendance
WWE Monday Night RAW Results - Ultimate Deletion, Brock Lesnar Destroys Roman Reigns, Nia Jax, More
Upcoming WWE Hall Of Fame Inductee Confirmed (Photo)
WWE Champion AJ Styles Injured?
Daniel Bryan Says There Is "A Chance" He Wrestles At WrestleMania 34
Spoiler Notes From Backstage At Tonight's WWE RAW
Big Update On Braun Strowman's WrestleMania 34 Match
Edge Thought John Cena's RAW Promo On The Undertaker Last Week Was "Hokey"
Photo: Which WWE Stars Are On The Official WrestleMania 34 Poster?