Sources and Uses of Funds: Clean Table Template (2025)
2026-01-20
Technical
LBO
M&A
• 1 min readSources and uses explained with a sample table, fee treatment, and a quick checklist to avoid common modeling mistakes in interviews and case tests quickly.
What a sources and uses table does
It reconciles how a deal is funded (sources) with what the money is used for (uses). The total must balance.
Sample table
| Uses | Amount | Sources | Amount |
|---|---|---|---|
| Purchase price | $900m | Term loan | $400m |
| Fees | $20m | Revolver | $50m |
| Refi debt | $80m | Equity | $550m |
| Total Uses | $1,000m | Total Sources | $1,000m |
Checklist
- Fees are uses; add them to sources if financed.
- Cash on balance sheet belongs in the EV to equity bridge.
- Show rollover equity clearly if applicable.
Related: Walk Me Through an LBO and Merger Model Walkthrough.