Expect proposals for increased user fees and alteration of the depreciationallowancefor business aircraft, as well as other examples of Business Aviation being misunderstood.
You calculate cash flow from ops, roughly speaking, this way: add to net income any noncash charges (such as fordepreciation or an allowancefor future tax bills), then add favorable changes in such balance sheet items as accounts payable and accounts receivable.
It is also worth noting that The American Taxpayer Relief Act of 2012 signed into law on January 2, 2013 extended the 50% bonus depreciationallowance through the end of 2013 for qualifying property.