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Actually, this question is relevant for this board, as it has less to do with HG and more to do with investment jargon.

I *believe* OE is the same as Free Cash Flow (FCF). The intuition behind FCF is this: how much cash does a business generate from its normal course of operations, less what it must invest in equipment to keep those operations running?

The simplest way to calculate FCF is to take Cash Flow from Operations and subtract Capital Expenditure.

FCF = CFO - Capex

Both of these numbers are found on the Statement of Cash Flows.
Some folks prefer to calculate FCF by starting with Net Income:

FCF = (NI + Depn - NWC) - Capex

I hope this helps.
Rick
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