Operating cash flow Earnings before interest and taxes Depreciation -Current taxes Operating cash flow Capital spending Acquisition of fixed assets Sale of fixed assets Capital spending Alternatively, Ending fixed assets -Beginning fixed assets Depreciation Capital spending Net working capital cash flow Ending NWC Beginning NWC NWC cash flow Cash flow from assets Operating cash flow -Net capital spending -Change in net working capital Cash flow to creditors Interest Retirement of debt Debt service Proceeds from sale of long-term debt Total Alternatively Beginning long-term debt Ending long-term debt Interest Total Cash flow to stockholders Dividends Repurchase of stock Cash to stockholders Proceeds from new stock issue Total Alternatively Beginning total equity Ending total equity Dividends Retained earnings Statement of cash flows Operations Net income Depreciation Changes in assets and liabilities Accounts receivable Inventories Accounts payable Accrued expenses Other Total cash flow from operations Investing activities Acquisition of fixed assets Sale of fixed assets Total cash flow from investing activities Financing activities Retirement of debt Proceeds of long-term debt Dividends Repurchase of stock Proceeds from new stock issues Total cash flow from financing activities Change in cash (on balance sheet) Operating cash flow Earnings before interest and taxes Depreciation -Current taxes Operating cash flow Capital spending Acquisition of fixed assets Sale of fixed assets Capital spending Alternatively, Ending fixed assets -Beginning fixed assets Depreciation Capital spending Net working capital cash flow Ending NWC Beginning NWC NWC cash flow Cash flow from assets Operating cash flow -Net capital spending -Change in net working capital Cash flow to creditors Interest Retirement of debt Debt service Proceeds from sale of long-term debt Total Alternatively Beginning long-term debt Ending long-term debt Interest Total Cash flow to stockholders Dividends Repurchase of stock Cash to stockholders Proceeds from new stock issue Total Alternatively Beginning total equity Ending total equity Dividends Retained earnings Statement of cash flows Operations Net income Depreciation Changes in assets and liabilities Accounts receivable Inventories Accounts payable Accrued expenses Other Total cash flow from operations Investing activities Acquisition of fixed assets Sale of fixed assets Total cash flow from investing activities Financing activities Retirement of debt Proceeds of long-term debt Dividends Repurchase of stock Proceeds from new stock issues Total cash flow from financing activities Change in cash (on balance sheet)