$$Why does FedEx show operating cash flows for both types of leases, but only financing cash flows for finance leases,$$ your colleague wonders aloud. $$We need to draft our lease disclosure by tomorrow morning.$$ Tossing a sheet of paper in front of you, he moans, $$I found this disclosure note to FedEx$$s financial statements that promises $$supplemental cash flow information related to leases,$$ but it$$s not helping. The department$$s draft of our cash flow statement, and the income statement for that matter, don$$t specifically break out any lease payments. This being our first time to follow the new lease standard, we need to get it right. And while we$$re at it$,$ why do you think they list new leases in connection with cash flows? Did they pay all this cash in addition to incurring lease liabilities for the right$-$of$-$use assets?$$

Knowing your colleague is a new hire, you want to diplomatically point him in the right direction. So$,$ you pick up the disclosure note:

Note $7$ LEASES $($in part$)$