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Cash Flow Analysis R. McDonaldCash Flow AnalysisR. McDonaldTOTAL CASH FLOW ANALYSIS FORMATNet IncomeAdjustments to net incomedepreciationdeferred taxesequity income in affiliated companies(gain)/loss on sale of assetsothertotalCash flow from operations before working capital itemsCash flow effects of investments in working capital:(increase)/decrease in accounts receivable(increase)/decrease in inventoryincrease/(decrease) in accounts payable(increase)/decrease in other current assetsincrease/(decrease) in other current liabilities,.