Problem
a) Discuss the company's major sources of cash in each of the three sections of the statement of cash flows. Provide at least two major sources of cash for each section.
b) Discuss the company's major uses of cash in each of the three sections of the statement of cash flows. Provide at least two major sources of cash for each section.
c) Discuss the major differences between the net income and the cash provided or used by operating activities, and explain the cause of the major difference between the two values. Note that you may need to reconcile the differences between net income reported and the subtotal of cash provided or used by "operating" activities. What were the reconciling items, how were these accounts adjusted, and why do we not just report "net income" without adjustments?