I watched this video couple of times and i think i finally got it.
[https://www.youtube.com/watch?v=YrJzjC4kKCY](https://www.youtube.com/watch?v=YrJzjC4kKCY)
The FCF reported often gets wasted into Share Based Comp costs, because they use the Cash to buy backs shares that they are giving out as part of the pay package. Something to watch out for when Valuing a company. As an example, META reported very good FCF year after year, but when you look at their Balance Sheet, not much left, and now they have a lot of debt. What is your view on this?
