Cash Flow Statement
A financial statement showing all cash inflows and outflows across operating, investing, and financing activities over a period.
FAQs
What is the difference between direct and indirect method cash flow statements?
The indirect method starts with net income and adjusts for non-cash items and working capital changes — the most common format under GAAP. The direct method lists actual cash receipts and payments by category (cash paid to suppliers, cash received from customers). Both produce the same result but the indirect method is far more commonly used.
Can a company be profitable but cash-flow negative?
Yes, and this is a common scenario in growth-stage businesses. If a company is extending long payment terms to customers (high DSO), building inventory, or investing heavily in capex, its income statement may show profit while the cash flow statement shows cash burn.
What is free cash flow and how is it calculated?
Free cash flow (FCF) = Operating Cash Flow − Capital Expenditures. It represents cash a company generates after maintaining and expanding its asset base, available for debt repayment, acquisitions, dividends, or reserve. FCF is the most commonly used metric for company valuation in investor analysis.
Related Terms
Burn Rate
The rate at which a company spends its cash reserves each month, critical for tracking how long funding will last.
Runway
The number of months a company can operate at its current burn rate before exhausting its cash reserves.
Working Capital
The difference between current assets and current liabilities, measuring a company's short-term liquidity and operational efficiency.
Balance Sheet
A financial statement showing a company's assets, liabilities, and equity at a specific point in time.