The statement of cash flows is a required statement that must be prepared along with an income statement balance sheet and retained earnings statement.

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Retained Earnings Statement

A financial statement that shows the amounts and causes of changes in retained earnings for a specific period.

Income Statement

A financial report that shows a company's revenues, expenses, and profits or losses over a specific period, detailing its financial performance.