Exactly right, there is a timing difference between revenue and expense recognition versus cash.
Businesses buy and sell on credit, different customers and suppliers have different credit terms.
E.G. I sell widgets to my customer on 60 day terms.
Day 1, I make a sale for $100 (cash to come in 60 days)
Day 10, I pay my staff wages for $50 (cash paid on the day)
Day 30 - at end of month, I have made profit of $50 (sales less wages), but have had cash flow of negative $50.
Day 60 - I collect $100 cash from sale. Profit from month 1 now matches my cash position.
Page 4 of the report is effectively the Day 30 from a profitability standpoint ($15m revenue, $7m costs)
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