Correct. Payables and receivables are (future expected) cash flow items on the balance sheet. Btw. I suspect your original confusion was due to trying to find reason in shorts. Don't do that. Very few of them are sound but most are even more unqualified and talking even more nonsense than the bulls on this board. With the present quarter behind us, the only way the majority of their theories might work would be if Tesla engaged in outright accounting fraud. (Ok, let's leave a little leeway until we've seen the full 10-Q next week or so to accept that the numbers are really as good as they seem to be from the information released so far). For example booking revenue from a fleet sale of loaners but not booking corresponding cost of goods would be such a fraudulent practice. But because it would have been fraudulent, I makes no sense to reason from that theory with correct accounting rules. Garbage in, garbage out principle. Reminder it is not impossible that Tesla committed accounting fraud. There are plenty of companies that did just that. But the likelihood is small, very small. Small enough that I don't factor it in my valuation for sure.