Owners' Cash Profits

The cash flow available to be distributed to shareholders if no expansionary capital expenditures are made. It is equivalent to the Cash Flow from Operations less an estimate of the capital expenditures necessary to allow the firm to continue as a going concern.

Owner's Cash Profits = Cash Flow from Operating Activities + Maintenance Capital Expenditures

Maintenance Capital Expenditures = Depreciation and Amortization * inflation rate quarterly * -1