RE:Free Cash Flow Declines Reason for Concern?Cash flow from operations in Q4 remained the same like in 2021. I guess this is the most important cash flow element.
And the company did well on derivatives. I think this is what the analysts missed to take into account on their EPS estimates. Northland appears to have good advisors when it comes to managing currency, commodity and interest rate risk.
Fair value gain on derivative contracts was $141 million in the fourth quarter primarily due to net movement in the fair value of derivatives related to commodity, interest rates and foreign exchange contracts.