Net operating cash flow is JPY 200 billion, against net investment cash flow of -47 billion and financing cash flow of -184 billion.

FORBES: Connect

Wall Street is learning to disregard its long-running unprofitability and looking at its doubling of operating cash flow this year (that's net before depreciation, interest and taxes).

FORBES: Tech Value Buys

Free cash flow is calculated as GAAP net cash provided by operating activities less purchases of property and equipment and intangible assets.

ENGADGET: NVIDIA posts Q4 2013 earnings: $1.1 billion in revenue, $174 million in profit

Rising revenues are nice, but big gains in operating income (net income before depreciation, interest and taxes) and cash flow from operations are even better.

FORBES: Famous Last Words

For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP measures, " "Reconciliation from net cash provided by operating activities to free cash flow, " and "Reconciliation from GAAP international revenues to non-GAAP international revenues" included at the end of this release.

ENGADGET: Google's Q4 2011 results: $2.71 billion profit, $8.13 billion in revenue, Wall Street disappointed

Beyond high net cash levels, firms making the First Cut have positive earnings and operating cash flow, as well debt levels below the norm for their industry.

FORBES: Ten Cash Per Share Kings

To supplement our consolidated financial statements, which statements are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP EPS, free cash flow, and non-GAAP international revenues.

ENGADGET: Google's Q4 2011 results: $2.71 billion profit, $8.13 billion in revenue, Wall Street disappointed