Harvard Business Review

JANUARY 11, 2016

The world is not short on capital — a startling $43 trillion of assets is currently under management in the United States alone. The main challenge is that investors are very good at understanding a single asset with standalone cash flows — a toll road, for example, or a power plant, or an apartment building.

Cash Flow 14

Cash Flow Real Estate Assets Nonprofit 14

Harvard Business Review

MARCH 31, 2015

In the third quarter of 2014, Home Depot showed a 21% increase in earnings per share. Sears announced in October 2014 that one of its companies, Kmart, was the target of a data security breach and that credit/debit cards and personal information were compromised by hackers. In the beginning of October, 2014, the largest U.S.

Balance Sheet 13

Balance Sheet Cash Flow Banking Assets 13

Harvard Business Review

FEBRUARY 7, 2017

Among the firms we identified as focused on the long term, average revenue and earnings growth were 47% and 36% higher, respectively, by 2014, and market capitalization grew faster as well. Our belief is that the earnings of long-term companies will rely less on accounting decisions and more on underlying cash flow than other companies.

Manager 15

Manager Revenue Metrics Cash Flow 15

Harvard Business Review

MARCH 1, 2018

output comes from fracking operations that have cut costs dramatically since slumping prices in 2014 forced dozens of companies into bankruptcy. In fact, 2018 may mark the first year shale producers will be able to fund future expansions of drilling programs through their own cash flow. The soaring U.S.

Cash Flow 15

Cash Flow Transportation Balance Sheet Energy 15

Harvard Business Review

OCTOBER 21, 2016

Disruptions in the supply chain may affect production processes that depend on unpriced natural capital assets such as biodiversity, groundwater, clean air, and climate. “Stranded assets” are investments that become obsolete due to regulatory, environmental, or market constraints. billion in mining projects since 2010.

Assets 15

Assets Operations Revenue Energy 15

Harvard Business Review

JULY 25, 2017

trillion in 2014. A CFO might just see marketing expenses walking out the door and not a corresponding build-up of cash flows and assets,” Avery explains. Juan Díaz-Faes for HBR. Companies spend a lot on marketing communications. In fact, global spending on media is expected to reach $2.1

ROI 8

ROI Marketing Cash Flow Sales 8

Harvard Business Review

SEPTEMBER 15, 2017

” And in 2014, HBR published a lengthy feature critical of the practice. A comprehensive survey of financial executives concluded that “repurchases are made out of the residual cash flow after investment spending.” Such a nefarious use of corporate funds makes for great headlines.

Cash Flow 8

Cash Flow Government Scaling Assets 8