Interpreting a statement of cash flows Summarised cash flow statements for the year ended 30 June 2022.

Company A Company B Company C

$m $m $m Cash flow from operations (100) 100 300 Cash flow from investing (201) (201) (201)

Cash flow from financing 300 100 (100)

Change in cash flow (1) (1) (1)

Note that all cash flow from financing relates to borrowings and that no shares were issued or dividends paid.

Comment on the cash flow of the three companies.