RE:RE:Trevali P&L in 2022 could be ..............TickerTwit, all expenses, cash and non-cash, are accounted for in P&L Statement. Non-cash expenses can be added back to net income to calculate available cash. Expenditures (like debt repayment, asset purchases, etc) are made out of available cash. Net cash availabe after expenditures can be retained in the company, distributed as dividends, or used for share buybacks. Expenses and Expenditures are treated differently in financial statements.