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Message: [QUOTE="texascpa, post: 1469489, member: 468"] I work for a Fortune 250 company that kills it with free cash flow. But, every year, come budget time (right now, actually), you would think the company is going under. They want next year's budgets flat or lower than current year forecasts (which are generally lower than the actual current year budget), and do it with expected merit increases. Then, after budgets are submitted, they want to reduce everything by another 5%. It's a pain in the ass to try to find enough to cover that philosophy. But we do it, and every year, the company's stock goes up, free cash flow goes up and bonuses go up, so it's worth it. Being on the Finance side of things, I see the misunderstanding and misconception between budgets and fiscal health daily. The two are not always linked. [/QUOTE]