The Cash Flow Statement tracks the movement of cash in and out of a business, offering insights into a company’s liquidity and financial flexibility. It’s divided into three parts: operating activities, investing activities, and financing activities. This module explains how to interpret each section and understand the quality of a company's earnings. Unlike net profit, cash flow shows actual cash availability. A profitable company with poor cash flow can face liquidity crises, so this statement is critical for investors. You'll learn how to detect red flags like consistently negative operating cash flows or aggressive financing patterns. We’ll walk through real examples and teach you how to use cash flow in conjunction with other financial reports for a comprehensive analysis. Understanding cash flow improves your ability to spot financially sound companies, assess dividend sustainability, and anticipate future growth potential. This module is crucial for long-term investment decisions.