Nothing. Depreciation and amortization are not included when calculating revenue and subsequently free cash flow because these are non-cash charges. For more information, see http://www.investopedia.com/university/dcf/

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Duff & Phelps Overview (DUF)

Website www.duffandphelps.com

HQ New York, NY

Industry

Accounting Services

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1,200+ Employees, $382M+ Revenue

Competitors

Deloitte, Ernst & Young, KPMG

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Interview Question for Valuation Analyst at Duff & Phelps:

What is WACC? What happens to DCF model if u increase depreciation expense? Why?

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