Ann: December 2016 Quarterly Activities Report, page-32

Sorry nikec... but if you even cant calculate a cashflow statement you shouldn't post anymore..

Just read that EXACTLY and tell me what the "physical" cash impact is:
$3.4 million increase in trade receivables!

So what is increasing here??! The cash or the outgoing invoices??

Answer:
The outgoing invoices have increased but no "physical" money generated so far (new generated invoices which are not paid so far in Q4.16/depends on paym. terms!).

Rule:
A decrease in trade rec. = pos. cash (=more paid invoices than outg. in this perdiod)
A increase in trade rec. = neg. cash (=more outg. invoices which r open & not payed!)