=Net Cash Flows from Operating Activities Note that the Net Cash Flows from Operating Activities would be the same under both the Indirect and Direct methods, even though the starting point is not the same. Investing Activities Investing Activities include events and transactions that affect long-term assets. Small Business Term: What is Cash Flow Statement? - QuickBooks Additionally, cash flows from investing activities also include cash flows from. long term investment securities and; investments in joint venture or affiliates. In addition to changes in long term assets, capital expenditure calculation also includes depreciation. This is because depreciation changes the net of property, plant and equipment.