FCFF :- A measure of financial performance that expresses the net amount of cash that is generated for the firm, consisting of expenses, taxes and changes in net working capital and investments.
Jan 31 2015 01:08 PM
FCFF= Operating cash flow-expenses-taxes-changes in NWC (net working capital)- changes in investments
FCFE :- How much cash can be paid to the equity shareholders of the company after all expenses, reinvestment and debt repayment.
FCFE = Net Income - Net Capital Expenditure - Change in Net Working Capital + New Debt - Debt Repayment