IF you hear nothing else this afternoon, I want you to hear me on this,” Stephenson said at the company’s investor presentation in New York. “Our discretionary cash flow is going to go to one place. It’s going to be paying down debt.”
AT&T DOES NOT HAVE DICTIONARY CASH FLOW...by definition, Discretionary cash flow is money left over once all capital projects with positive net present values have been funded, and required payments are made. ... Discretionary cash flow is a useful metric that may be used to help place a value on a business when buying or selling it.