Net Income vs. Cash Flows Your friend is puzzled. For the fiscal year (i.e., FY) 2017, the company in which she is a stockholder (Twitter) reported a net loss of $108,063,000, yet its cash and cash equivalents increased $636,310,000 during the same period of time. In FY 2018, although Twitter reported a net income of $1,205,596,000, its cash and cash equivalents increased only $262,314,000 which was much less that what they reported for FY 2017. Explain to your friend how situations like this could occur