A Statement of Cash Flows is often one of the least used and understood of the key Financial Statements. However, it is a critical report to use when evaluating or analyzing a company. Showing where a company is receiving and using its cash -through Operations, Investing, and Financing - this report can be used to help evaluate liquidity, solvency, and financial flexibility.

Analyze the key sections of the Statement of Cash Flows: Cash from Operations, Cash from Investing, and Cash from Financing. Provide your opinion on the most important section for evaluation. Discuss the implications of a negative cash flow from any of the key sections.