My Home k eBook CengageNOWv2| Online teaching and learning resource from Cengage Learning Cash Flows from Operating Activities-Net Loss In a prior year, United Continental Holdings, Inc. (UAL), the parent company of United Airlines, reported a net loss of $723 million from operations. However, on its statement of cash flows, it reported $935 million of cash flows from operating activities. The contradiction between the loss and positive cash flows is that depreciation is an expense in determining net income, but it does not result in a cash Thus, depreciation is g the net loss in order to determine net cash flow from operations.