{
  "docId": "019dd923-622c-750b-8b9b-15d71754f3a1",
  "docSlug": "2fca39b214c5",
  "documentTitle": "N/A",
  "authorId": "99_Other",
  "authorName": "10X EBITDA",
  "documentKindSlug": "other",
  "documentKindLabel": "Other",
  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2025-02-01 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 63,
  "pageCount": 82,
  "prevPage": 62,
  "nextPage": 64,
  "slideType": "other",
  "function": "other",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "This appears to be a page from a technical interview preparation guide for finance roles.",
  "elementsJson": [
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-15d71754f3a1/63",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-15d71754f3a1",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-15d71754f3a1.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-15d71754f3a1#slide-63",
  "components": [
    {
      "bbox": {
        "h": 0.65,
        "w": 0.8,
        "x": 0.11,
        "y": 0.24
      },
      "kind": "list",
      "text": "263. What are the exit strategies in an LBO? 264. What is a dividend recap and why do private equity firms do it? 265. Why do strategics typically pay more than private equity firms? 266. If a company has seasonal working capital, how would this affect the LBO? 267. What are the different ways we can receive proceeds back from the LBO? 268. How do you calculate the entry purchase price of an LBO for a public company?",
      "attrs": null,
      "subkind": "numbered",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d1196f74-e3a5-435c-80d9-36bdac5db59e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.11,
        "y": 0.08
      },
      "kind": "paragraph",
      "text": "The circular reference in an LBO model is between the Income Statement and the Debt Schedule. The company's Net Income is dependent on Net Interest Expense. Net Interest Expense is dependent on the amount of Debt Outstanding, which is influenced by debt repayment. Debt repayment is driven by Levered Free Cash Flow, which is in turn driven by Net Income. And so this creates a circular logic.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8b48471a-87da-4031-9253-1ff70a98d63c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.11,
        "y": 0.96
      },
      "kind": "source-note",
      "text": "The Core Technicals Guide | www.10XEBITDA.com",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3edb4500-8450-4c77-9c5c-eb6ca1795bbd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.25,
        "x": 0.68,
        "y": 0.02
      },
      "kind": "title",
      "text": "V. Leveraged Buyout (LBO) B. Purchase Price",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "788bf8b1-baa5-4f8f-9884-8e5d1c281bc0",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}