E12-9 Reporting and Interpreting Cash Flows from Operating Activities from an Analyst's Perspective (Indirect Method) A number of years ago, a leading media company's annual report contained the following information (dollars in millions): Required: 1. Based on this information, compute cash flow from operating activities using the indirect method. 2. What were the major reasons that the media company was able to report a net loss but positive cash flow from operations? Explain why the reasons for the difference between cash flow from operations and net income are important to financial analysts