Where to calculate Cap Ex?

[Ryan VanPatten]

Hey everyone!  I wasn't sure where to post this questions so, since it has to do with startign out a bit I placed the question there.

Bascially, I have tried to do some quick searches on this question, but I haven't come up with anything great.

Where do you calculate Cap Ex? 

I hear not to count it as an expense, but it definitely effects cash flow numbers.  I am wondering where you place that calculation in your numbers?  After expenese?  After cashflow?

Please feel free to give a brief or in detail anwser.

Thanks and I look forward to hearing from everyone.