Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac

تمرين 38

Cash flows from operating activities-net loss
United Continental Holdings, Inc., the parent company of United Airlines , reported a net loss of $723 million from operations. However, on its statements of cash flows, it reported $935 million of cash flows from operating activities.
Explain this apparent contradiction between the loss and the positive cash flows.