The Cash Flow Statement

Profit is an opinion; cash is a fact. Where the money really came from and went.

• Why Cash Flow Beats ProfitA company can report profit and still go broke. Cash flow is the statement that catches it.7 min
• Cash from OperationsThe cash the core business actually generates — the most important number on the statement.7 min
• Cash from InvestingWhat the company spends building its future, from new factories to acquisitions.6 min
• Cash from FinancingMoney raised from or returned to lenders and shareholders — debt, dividends, buybacks.6 min
• Free Cash Flow: The Real PrizeThe cash left after keeping the business running — the money that can reward owners.7 min
• Cash Flow Red FlagsRising profit but falling cash, or profit propped up by one-offs — the warning signs.7 min