What is Cash Flows ?

This reports the issuance and repurchase of the organization's own bonds and stock and the payment of dividends.

This reports the exchange of significant items that did not involve cash and reports the amount of income taxes paid and interest paid.

The first line under the Operations title is Net Income because the prime objective of this report is to show the differences between net income and net cash flow. This Net Income figure should be the same as that shown on the income statement for the same period.