To create shareholder value in this environment companies must increase their cashflows in real terms.

为了在这种环境下创造股东价值，企业必须增加实际现金流。

The idea is similar to factoring, whereby firms sell off all their invoices at a discount to improve their cashflow.

这个想法与上面提到的分散化借款的想法很一致，企业在一定折扣的基础上卖出票据，以此获得现金来改善自己的经营状况。

It estimates that its cashflow could be reduced by as much $1.4bn in 2019, adding to its woes.

该公司估计，到2019年，其现金流可能减少多达14亿美元，使其雪上加霜。

That is less than 1% of the forecast operating cashflow in 2021 for a panel of 37 listed airlines.

这还不到37家上市航空公司预测的2021年运营现金流的1%。

Eventually, earnings must tally with cashflow.

最终，收益必须与现金流相符。

Its ability to control production expenses helped bolster its cashflow in the first quarter.

它控制生产费用的能力帮助增强了第一季度的现金流。

These days it is big tech that blows cashflows on capital spending.

如今，是大型科技公司在资本支出上浪费了现金流。

The troubled lgfv in Zunyi, for instance, has had negative cashflows since 2016, and seems to have little hope of a turnaround.

例如，陷入困境的遵义地方政府融资平台自 2016 年以来一直出现负现金流，似乎扭亏为盈的希望渺茫。

The primary task for any management team is to defend margins and cashflow, which investors favour over revenue growth when things get dicey.

任何管理团队的首要任务都是保护利润和现金流，当形势变得不明朗时，投资者更喜欢利润和现金流，而不是收入增长。

Mr Shiller's pioneering paper in 1981 looked at the relationship between the prices of shares and their intrinsic value—the cashflows that shareholders will eventually receive.

席勒于1981年发表的具有开创性的容貌与着眼于，股值与其内在价值的关系，也就是股东最终接受的资金流转.

Did you get investors to, to cause you had to buy planes I guess, or lease them Initially, we were just making enough cashflow.

你有没有让投资者，因为我猜你不得不购买飞机，或者租赁它们最初，我们只是赚了足够的现金流。

And the cashflow forecast is based on knowing your income, which is the money you have coming in and your expenditure, the money you have going out.

现金流预测是基于知晓你的收入，也就是你收到的钱，和你的支出，你花出去的钱。

Investors are traumatised by the decade-long boom-and-bust cycle in which shale-drillers burned through more than $150bn in cumulative free cashflow from 2011 to 2020.

长达 10 年的繁荣与萧条周期给投资者带来了创伤，页岩钻探公司从 2011 年到 2020 年消耗了超过 1500 亿美元的累计自由现金流。

Goldman Sachs reckons that even if it delivers only half the planes planned for this year it will have the liquidity to cover a " deeply negative" cashflow.

高盛认为，即使它只交付了今年计划的一半飞机，它也将有足够的流动性来支付“严重负”的现金流。

And it meant that they had to like quadruple output and, and cashflow alone could not fund that or finance that, how would you deal with that?

这意味着他们必须喜欢四倍的产出，而仅靠现金流无法为此提供资金或融资，您将如何处理？

The share of operating cashflows reinvested by American firms in new capital expenditure and research and development has declined over the past decade to 27%, from over 40% in 2009.

美国公司在新资本支出和研发中再投资的经营现金流份额在过去十年中从 2009 年的 40% 以上下降到 27%。

Because LNG projects are risky and capital-intensive, creditors will not lend billions to finance them unless the borrowers can show long-term contracts that guarantee cashflows from which the debt can be serviced.

由于液化天然气项目风险高且资本密集，债权人不会借出数十亿美元为其融资，除非借款人能够出示长期合同，保证现金流可以偿还债务。

Walmart lost almost a fifth of its market value, or around $80bn, in mid-May, after it reported a cashflow squeeze caused by an excess build-up of inventories, which rose by a third year on year.

沃尔玛曾报告称其存货过剩，同比增加了三分之一，导致现金流紧张，随后该公司在5月中旬损失了近五分之一的市值，约合800亿美元。

High payout rates in America—equivalent to 63% of operating cashflow, compared with 41% in Europe—have helped push American share prices relative to earnings well above those in most other markets.

美国的高派息率——相当于运营现金流的 63%，而欧洲为 41%——帮助推动美国股价相对收益的比率远高于大多数其他市场。

It is also planning, with some state support, to issue $137m in bonds in order to refinance its debt and create cashflow that will allow it to totter on until the end of the financial year.

除此之外，在州政府的协助下，底特律还计划发行价值一亿三千七百万美元的债卷，筹集来的资金用于债务重组和资金注入，好让这座汽车城蹒跚移到本财政年度期末。