---
title: "Meaning & Key Takeaway of: Our first use of cash is invested…"
description: "\"Our first use of cash is invested organically, secondly returning values our shareholders - roughly 100 percent free cash flow. And then thirdly, merge..."
image: "https://sms4smile.com/quotes/i/ca4/dennis-muilenburg-9317_cash-flow_our-first-use-of-cash-is-invested-organi_1756250.jpg"
---

#  Our first use of cash is invested organically, secondly…

![“Our first use of cash is invested organically, secondly returning values our shareholders - roughly 100 percent free cash flow. And then thirdly, mergers, acquisitions, partnerships that complement our organic strategy. We are going to continue down that path.” quote by Dennis Muilenburg](https://sms4smile.com/quotes/i/ca4/dennis-muilenburg-9317_cash-flow_our-first-use-of-cash-is-invested-organi_1756250.jpg)   [Download](https://sms4smile.com/quotes/i/ca4/dennis-muilenburg-9317_cash-flow_our-first-use-of-cash-is-invested-organi_1756250.jpg) [Open image](https://sms4smile.com/quotes/i/ca4/dennis-muilenburg-9317_cash-flow_our-first-use-of-cash-is-invested-organi_1756250.jpg)

> “Our first use of cash is invested organically, secondly returning values our shareholders - roughly 100 percent free cash flow. And then thirdly, mergers, acquisitions, partnerships that complement our organic strategy. We are going to continue down that path.”

[Dennis Muilenburg](https://sms4smile.com/quotes/author/dennis-muilenburg/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

The company prioritises organic growth, then returns cash to shareholders, and finally pursues strategic M&A that fit its core strategy.

**In simple terms:** Focus on internal growth, shareholder returns, then strategic deals.

Key Takeaway

Maintain organic growth before external expansion.

Themes

growth finance strategy shareholder value M&A

Mood

confident forward‑looking

Type

business strategic financial

When to use this quote

- annual earnings call
- budget planning
- investment decisions

Key Concepts

organic growth free cash flow strategic alignment

Questions to Reflect On

- How do you balance organic growth with acquisitions?
- What risks arise from frequent partnerships?

A Different Perspective

Overemphasis on M&A can distract from core operations.

★ ★ ★ ★ ★   No ratings yet

[Cash flow](https://sms4smile.com/quotes/about/cash-flow/) [Customer](https://sms4smile.com/quotes/about/customer/) [Flow](https://sms4smile.com/quotes/about/flow/) [Path](https://sms4smile.com/quotes/about/path/) [Strategy](https://sms4smile.com/quotes/about/strategy/) [Values](https://sms4smile.com/quotes/about/values/)

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