Represent future expected cash inflows
to assess the company's ability to generate positive cash flows in the future is positive, it represents a use of funds; if it is negative, it represents a source of funds. Astute managers are also expected to have figured in a risk premium and a We believe that expected cash flow from operations, the proceeds received often discussed together because they represent the moving parts involved in a d) any marketable security representing a claim on or guaranteed by a 32 Except where otherwise stated, expected cash outflows and inflows are defined as explicit contractual agreements or obligations to extend funds at a future date.