The section normally shown first on the statement of cash flows is cash flows from operating activities. This section begins with net income and adjusts for noncash items and changes in working capital to reflect cash generated or used by the company’s core business operations

. The statement of cash flows is typically organized in the following order:

• Operating activities (first)
• Investing activities (second)
• Financing activities (third)
• Noncash investing and financing activities (if any, usually disclosed separately)

This order helps users understand how the company generates cash from its main business before looking at cash used for investments and financing