There are three types of cash flow: Operating Cash Flow Free Cash Flow Discounted Cash Flow Here is more information about each: Operating Cash Flow Operating cash flow measures how much cash a company generated through its normal operations. This value tells you if the company has enough cash flow to maintain its current expenses. By looking at your operating cash flow, you can see if you need to pursue additional financing to engage in expansion, or if you have the cash to do it on your own. Free Cash Flow Free cash flow (FCF) is a company’s cash from operations minus itscapital expenditures. It’s the cash that is available to be used in a discretionary way. Discounted Cash Flow Discounted cash flow (DCF) estimates what an asset is worth today using projected cash flows. The DCF model is one method of determining if a potential investment is worthwhile. The discounted cash flow is more complicated to calculate than the operating cash flow or free cash flow. This particular Excel template is not set up to help you calculate the discounted cash flow. This article Guide to the Discounted Cash Flow DCF Formula goes into more detail about the DCF formula.