Cash Flow Before Taxes. During a given period, all of a property’s cash inflows less all of its cash outflows. Inflows are counted whether or not they must be included as taxable income and outflows are counted regardless of deductibility. Cash flow is not affected by a depreciation deduction, which is not a cash item. “Cash flow before taxes” ignores the property’s effects on the owner’s income tax liability.

Cash flow before taxes. For properties, it is the result of calculating the effective rental income, plus other income not affected by vacancy, less total operating expenses, less annual debt service, funded reserves, leasing commissions, and capital additions. The Annual Property Operating Data form can be used to calculate a property's effective rental income, gross operating income, total operating expenses, net operating income, and cash flow before taxes. See also Before Tax Cash Flow (BTCF).

Cash Flow Before Taxes. Obtained by subtracting Annual Debt Service from the Net Operating Income.

Compartment Fire Behaviour Training

Centre for British Teachers