Understand The Cash Flow Statement

The operating cash flow rise has been aggressive with a 13% CAGR over the past 10 years, and 16% over the past 5. There are two dips in 2020 and 2021 during COVID and supply chain issues that were explained earlier. I do not hold these against the performance of the company, since FAST decided to burn more cash to retain trust of customers during unexpected challenges. FCF has a 20% CAGR (!!!!!) over 10 and 5 years. 2023 FCF is $1272M, which can pay off long term liabilities in 4 months. $FASTs cash flow statement is much stronger than its income statement. I am anticipating the strong cash-flow statement growth to continue as the supply chain woes have largely been over, and FAST has finished its Branch location consolidation efforts as of 2023, which should free up more operating expenses to be used to sell and expand.