Accounting 26th Edition by Carl Warren,James Reeve,Jonathan Duchac

Exercise 24

Cash flows from operating activities-net loss
On its income statement for a recent year, United Continental Holdings, Inc. , the parent company of United Airlines, reported a net loss of $723 million from operations. On its statement 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.