All,
I seem to run into problems often with quarterly models, specifically when it comes to reconciling historical cash flows in the reported quarters. Calpine, the company I am trying to model, has reported Q1 and Q2 2015 financials, which I have entered in. However, I am out of parity in the projection period.
I'm not sure why I can accurately balance annual models and not quarterly, but if anyone has a chance to take a look I'd appreciate any input.
Thank you