Cash is King - Cash is the lifeblood of your company - you've heard these statements before. And so it is. What I attempt to do here is brief you on the structure of cash flow statements and how to use the indirect method for calculating them as well as how to analyze some of the results. From Wall Street to Dalal Street (India Shines!), financial modelers should understand and love this simple statement. Any (to-be) financial expert (... I'm not one) will tell you that there are three key statements to watch - Balance Sheet, Income Statement & Cash Flow Statement (CFS). The last one is not only important but the most revealing and sometimes complicated-to-compute.