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Net Income
Top Line of Cash Flow Statement
Cash Flows from Operating
Non-Cash Income or Expenses
Add back D&A from Income statement
Cash Flows from Operating
Operating Working Capital (OWC)
= Current Assets (Excluding Cash) - Current Liabilities (Excluding Debt)
Add from Balance Sheet
Cash Flows from Operating
If OWC increases → Cash Outflow
If OWC decreases → Cash Inflow
Capital Expenditures
Cash from Investing
Buy/Sell Short or Long Term Investments
Cash from Investing
Issuing/Repaying Short or Long Term Debt
Cash from Financing
Issuing Dividends
Cash from Financing
Issuing/Repurchasing Shares
Cash from Financing
Net Change in Cash
Bottom Line of Cash Flow Statement
Top Line of Balance Sheet