FRD , page 16 states that cost of goods sold included the Hedging derivative loss being discussed... https://www.otcmarkets.com/filing/html?id=15080762&guid=rdTkkesITd9-nth operating cash flow over 8 million was lower that over 11 million net... cash flow statement details ebbs and flows a little different... hedge too low in good times and account for lower results... it beats hard times... so we watch...LJ