I suspect they are deducting loyalty and rewards programs, such as Douugh get Douugh ($20 reward for each new referral) from cash receipts before reporting. Just MYO, but would explain the disconnect as you point out. If that’s the case, then this is far far better than it looks. It will probably take an e-mail to investor relations to clarify.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-29
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