CSL Net Income vs Free Cash Flow Analysis

CSL Stock

285.18 4.44 1.58%

CSL financial indicator trend analysis is way more than just evaluating CSL prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CSL is a good investment. Please check the relationship between CSL Net Income and its Free Cash Flow accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CSL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Net Income vs Free Cash Flow

Net Income vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of CSL Net Income account and Free Cash Flow. At this time, the significance of the direction appears to have very strong relationship.

The correlation between CSL's Net Income and Free Cash Flow is 0.83. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of CSL, assuming nothing else is changed. The correlation between historical values of CSL's Net Income and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of CSL are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Net Income i.e., CSL's Net Income and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.83

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in CSL financial statement analysis. It represents the amount of money remaining after all of CSL operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from CSL's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into CSL current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CSL. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to gain to about 898.8 M in 2024, whereas Tax Provision is likely to drop slightly above 510.3 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	264.6M	750.8M	420M	441M
Depreciation And Amortization	748.1M	1.2B	938M	984.9M

Interest Expense Depreciation And Amortization

CSL fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Good Will	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt
Total Assets		0.99	0.92	0.93	0.95	0.96	-0.23	0.74	0.94	0.87	0.5	0.91	-0.11	0.5	0.76	0.85	-0.65	0.34	0.92	0.97	0.85	0.45	0.99	0.95	0.85	0.55
Short Long Term Debt Total	0.99		0.91	0.92	0.92	0.95	-0.26	0.75	0.94	0.89	0.5	0.88	-0.16	0.5	0.79	0.83	-0.71	0.32	0.91	0.98	0.84	0.5	1.0	0.94	0.86	0.56
Other Current Liab	0.92	0.91		0.88	0.97	0.97	-0.34	0.8	0.96	0.91	0.31	0.97	0.21	0.31	0.82	0.87	-0.61	0.3	0.98	0.9	0.98	0.26	0.92	0.96	0.7	0.38
Total Current Liabilities	0.93	0.92	0.88		0.94	0.92	-0.34	0.5	0.91	0.8	0.71	0.82	0.1	0.71	0.67	0.68	-0.62	0.32	0.82	0.88	0.82	0.38	0.91	0.91	0.94	0.76
Total Stockholder Equity	0.95	0.92	0.97	0.94		0.97	-0.25	0.7	0.95	0.86	0.45	0.96	0.19	0.45	0.75	0.86	-0.54	0.36	0.95	0.89	0.93	0.26	0.93	0.95	0.78	0.52
Property Plant And Equipment Net	0.96	0.95	0.97	0.92	0.97		-0.28	0.75	0.99	0.92	0.43	0.93	0.11	0.43	0.83	0.81	-0.69	0.34	0.95	0.95	0.95	0.34	0.96	1.0	0.81	0.48
Current Deferred Revenue	-0.23	-0.26	-0.34	-0.34	-0.25	-0.28		-0.11	-0.27	-0.25	-0.26	-0.21	-0.16	-0.26	-0.21	-0.09	0.19	0.6	-0.23	-0.22	-0.33	-0.18	-0.24	-0.27	-0.29	-0.32
Net Debt	0.74	0.75	0.8	0.5	0.7	0.75	-0.11		0.76	0.82	-0.19	0.85	-0.1	-0.19	0.82	0.9	-0.56	0.27	0.88	0.77	0.8	0.22	0.77	0.74	0.32	-0.13
Retained Earnings	0.94	0.94	0.96	0.91	0.95	0.99	-0.27	0.76		0.96	0.4	0.92	0.13	0.4	0.89	0.78	-0.76	0.41	0.95	0.96	0.95	0.31	0.94	0.99	0.8	0.46
Accounts Payable	0.87	0.89	0.91	0.8	0.86	0.92	-0.25	0.82	0.96		0.25	0.87	0.11	0.25	0.96	0.77	-0.8	0.46	0.93	0.93	0.92	0.3	0.89	0.92	0.69	0.3
Cash	0.5	0.5	0.31	0.71	0.45	0.43	-0.26	-0.19	0.4	0.25		0.2	-0.1	1.0	0.1	0.05	-0.33	0.12	0.2	0.45	0.2	0.44	0.47	0.43	0.86	0.99
Non Current Assets Total	0.91	0.88	0.97	0.82	0.96	0.93	-0.21	0.85	0.92	0.87	0.2		0.17	0.2	0.79	0.95	-0.5	0.33	0.99	0.85	0.96	0.2	0.89	0.91	0.61	0.28
Non Currrent Assets Other	-0.11	-0.16	0.21	0.1	0.19	0.11	-0.16	-0.1	0.13	0.11	-0.1	0.17		-0.1	0.12	-0.04	0.14	0.1	0.14	-0.15	0.33	-0.54	-0.15	0.11	-0.13	-0.06
Cash And Short Term Investments	0.5	0.5	0.31	0.71	0.45	0.43	-0.26	-0.19	0.4	0.25	1.0	0.2	-0.1		0.1	0.05	-0.33	0.12	0.2	0.45	0.2	0.44	0.47	0.43	0.86	0.99
Net Receivables	0.76	0.79	0.82	0.67	0.75	0.83	-0.21	0.82	0.89	0.96	0.1	0.79	0.12	0.1		0.7	-0.8	0.46	0.86	0.86	0.86	0.14	0.8	0.84	0.56	0.16
Good Will	0.85	0.83	0.87	0.68	0.86	0.81	-0.09	0.9	0.78	0.77	0.05	0.95	-0.04	0.05	0.7		-0.39	0.31	0.93	0.78	0.83	0.23	0.84	0.78	0.47	0.13
Common Stock Total Equity	-0.65	-0.71	-0.61	-0.62	-0.54	-0.69	0.19	-0.56	-0.76	-0.8	-0.33	-0.5	0.14	-0.33	-0.8	-0.39		-0.36	-0.61	-0.8	-0.6	-0.4	-0.71	-0.71	-0.66	-0.33
Common Stock Shares Outstanding	0.34	0.32	0.3	0.32	0.36	0.34	0.6	0.27	0.41	0.46	0.12	0.33	0.1	0.12	0.46	0.31	-0.36		0.35	0.4	0.3	0.03	0.34	0.34	0.31	0.11
Non Current Liabilities Total	0.92	0.91	0.98	0.82	0.95	0.95	-0.23	0.88	0.95	0.93	0.2	0.99	0.14	0.2	0.86	0.93	-0.61	0.35		0.9	0.97	0.26	0.92	0.94	0.64	0.27
Inventory	0.97	0.98	0.9	0.88	0.89	0.95	-0.22	0.77	0.96	0.93	0.45	0.85	-0.15	0.45	0.86	0.78	-0.8	0.4	0.9		0.85	0.48	0.99	0.95	0.84	0.49
Other Current Assets	0.85	0.84	0.98	0.82	0.93	0.95	-0.33	0.8	0.95	0.92	0.2	0.96	0.33	0.2	0.86	0.83	-0.6	0.3	0.97	0.85		0.15	0.85	0.94	0.61	0.27
Other Stockholder Equity	0.45	0.5	0.26	0.38	0.26	0.34	-0.18	0.22	0.31	0.3	0.44	0.2	-0.54	0.44	0.14	0.23	-0.4	0.03	0.26	0.48	0.15		0.49	0.33	0.52	0.39
Total Liab	0.99	1.0	0.92	0.91	0.93	0.96	-0.24	0.77	0.94	0.89	0.47	0.89	-0.15	0.47	0.8	0.84	-0.71	0.34	0.92	0.99	0.85	0.49		0.95	0.84	0.52
Property Plant And Equipment Gross	0.95	0.94	0.96	0.91	0.95	1.0	-0.27	0.74	0.99	0.92	0.43	0.91	0.11	0.43	0.84	0.78	-0.71	0.34	0.94	0.95	0.94	0.33	0.95		0.81	0.48
Total Current Assets	0.85	0.86	0.7	0.94	0.78	0.81	-0.29	0.32	0.8	0.69	0.86	0.61	-0.13	0.86	0.56	0.47	-0.66	0.31	0.64	0.84	0.61	0.52	0.84	0.81		0.88
Short Term Debt	0.55	0.56	0.38	0.76	0.52	0.48	-0.32	-0.13	0.46	0.3	0.99	0.28	-0.06	0.99	0.16	0.13	-0.33	0.11	0.27	0.49	0.27	0.39	0.52	0.48	0.88

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CSL Account Relationship Matchups

CSL fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	22.7B	24.2B	41.2B	54.4B	38.0B	39.9B
Short Long Term Debt Total	8.7B	7.7B	14.0B	18.4B	12.2B	12.8B
Other Current Liab	1.8B	2.7B	3.1B	4.6B	5.3B	5.6B
Total Current Liabilities	3.1B	4.1B	10.3B	6.9B	7.4B	7.8B
Total Stockholder Equity	9.5B	11.2B	21.2B	23.7B	26.0B	27.3B
Property Plant And Equipment Net	9.2B	10.0B	12.1B	14.0B	14.5B	15.2B
Current Deferred Revenue	368.5M	416.9M	191.2M	444.7M	263.5M	266.2M
Net Debt	7.0B	5.3B	(1.1B)	16.0B	10.5B	11.1B
Retained Earnings	15.6B	16.3B	19.6B	22.0B	24.0B	25.2B
Accounts Payable	665.6M	523M	591.8M	820M	867M	910.4M
Cash	1.7B	2.4B	15.2B	2.3B	2.5B	1.3B
Non Current Assets Total	13.3B	14.3B	17.3B	40.5B	40.8B	42.8B
Non Currrent Assets Other	(1.7B)	(1.6B)	(1.7B)	(12.1B)	8.2B	8.6B
Cash And Short Term Investments	1.7B	2.4B	15.2B	2.3B	2.5B	1.3B
Net Receivables	2.3B	1.6B	1.5B	2.4B	2.6B	2.8B
Good Will	1.7B	1.6B	1.7B	12.1B	8.1B	8.5B
Common Stock Shares Outstanding	455.6M	456.2M	470.1M	483.9M	485.2M	516.6M
Liabilities And Stockholders Equity	22.7B	24.2B	41.2B	54.4B	56.9B	59.8B
Non Current Liabilities Total	10.0B	8.8B	9.7B	20.7B	20.5B	21.5B
Inventory	5.1B	5.0B	6.3B	8.2B	6.0B	6.3B
Other Current Assets	216.4M	236.6M	208.1M	340M	506M	531.3M
Other Stockholder Equity	4.6B	4.1B	6.6B	7.9B	(557.0M)	(529.1M)
Total Liab	13.1B	13.0B	20.0B	27.7B	18.6B	19.6B
Property Plant And Equipment Gross	9.2B	10.4B	11.5B	12.8B	13.5B	14.2B
Total Current Assets	9.4B	9.8B	23.9B	13.9B	10.8B	11.3B
Accumulated Other Comprehensive Income	(6.1B)	(5.2B)	1.6B	1.8B	2.0B	2.1B
Short Term Debt	293.8M	473.8M	6.5B	1.1B	944M	991.2M
Common Stock	(4.6B)	(4.6B)	483.8M	517M	557M	584.9M
Intangible Assets	3.3B	3.6B	3.8B	24.7B	8.3B	8.7B
Short Term Investments	3.3M	4.8M	4.2M	9M	8.1M	7.7M
Other Liab	1.0B	1.3B	1.5B	2.6B	3.0B	3.2B
Long Term Debt	4.8B	4.2B	3.9B	9.6B	9.7B	10.2B
Property Plant Equipment	6.3B	7.5B	8.3B	9.4B	10.8B	11.3B
Net Tangible Assets	4.4B	5.7B	11.9B	(660M)	(759M)	(721.1M)
Long Term Investments	20.7M	21.5M	402.9M	173M	163M	171.2M
Short Long Term Debt	180.7M	396M	4.4B	964M	848M	1.2B
Long Term Debt Total	4.8B	5.3B	5.2B	11.2B	12.8B	13.5B

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