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Which Offshore Driller Had a Negative Free Cash Flow in 2017?

Which Offshore Driller Had a Negative Free Cash Flow in 2017?

Previously in this series, we discussed offshore drilling (OIH) companies’ 4Q17 EBITDA (earnings before interest, tax, depreciation, and amortization). In this part, we’ll discuss their free cash flow profiles. The “free cash flow” is operating cash flows minus capital expenditure.