Without using numbers, identify and explain the key line items of an LBO (Leveraged Buyout) model to get to free cash flow.
A) Revenue, Cost of Goods Sold, Operating Expenses, Depreciation & Amortization, Interest Expense, Taxes, Capital Expenditures, Working Capital Changes
B) Net Income, Interest Expense, Taxes, Depreciation & Amortization, Capital Expenditures, Working Capital Changes, Debt Repayments, Cash Flow from Operations
C) EBITDA (Earnings Before Interest, Taxes, Depreciation & Amortization), Interest Expense, Taxes, Capital Expenditures, Working Capital Changes, Debt Repayments, Cash Flow from Operations
D) Revenue, EBITDA (Earnings Before Interest, Taxes, Depreciation & Amortization), Interest Expense, Taxes, Capital Expenditures, Working Capital Changes, Debt Repayments, Cash Flow from Operations