accounting change has created confusionThe March qtr showed cash flow from ops for 3 months of $11.158 million. The June qtr showed cash flow from ops for 6 months of $16.157 million suggesting the June qtr had cash flow of only $4.999 million, down from March qtr.
But the boneheads made a change in the way the cash flow statement is presented. In the March fins they added back bad debts but not in the June fins. If the fins for both qtrs had been consistent it would show cash flow from ops actually increased from March to June from $7.017 mil to $9.14 mil.