Operating CF starts with NI less noncontrolling interest or NI before noncontrolling interest?

The title says it. The company I am looking at starts the CF statement with NI before noncontrolling interest, so a little confused.

Much obliged.

6,183 WSO Academy Investment Banking Session Reviews: 4.82/5

Class of '21 Nov 2026 Cohort

5.00/5

Investment Banking Mock Interview

“The session with Javier was excellent. We started by going through our backgrounds - it was interesting to hear how he moved from IB to running his own real estate portfolio at a small PE firm. We then covered the behavioural part, which was very useful, and the technical part, with a good range of questions on accounting, valuation and DCF. He gave clear points for improvement, especially on structuring behavioural answers and preparing for the tougher questions that come up in PE interviews. Very grateful - thank you!”

Class of '30 Nov 2026 Cohort

5.00/5

Investment Banking Full Resume Review

“Sereena gave me very detailed feedback through email communications. She asked me very specific questions for every bullet points on my resume that needs to be clarified or more specific, and this pushed me to reflect more. Regarding the communication, she emailed me back within 48 hours. I do wish that the communication could be faster, but it's fine since I didn't responded fast as I was working on my midterms. Since I haven't had many finance experiences, my current version of resume didn't have many meaningful finance content, but I believe Sereena has tried her best to make sure each point presents the best of itself. To add on, regarding the form of communication, I personally prefer meeting. ”

See All 11,430 WSO Academy Reviews

1 Comments

WSO Monkey Bot

O

4y

Perspiciatis eaque sunt ipsa sunt. Cumque quod eum voluptatibus sequi explicabo. Vitae inventore fugit molestias.

+134	Do people still want to go PE?	39	7h
+108	UBS Tech layoff	48	10h
+101	UBS’s M&A BANKERS ARE DOING TERRIBLY. $200M EXTRA IS BEING CUT	22	10h
+44	How do YOU manage networking requests?	9	12h
+37	Lazard hirevue	11	2d
+37	What Differentiates the Best Analysts as AI Improves?	9	2d
+35	Are target prospects getting dumber?	12	9h
+33	MBB Pay Raises	22	5h
+32	Cornell Club T10 Rankings (UPDATED 10/2026)	19	12h
+31	Quitting After First 4 months	11	6h

1	redever	99.2
2	Secyh62	99.0
3	kanon	99.0
4	BankonBanking	99.0
5	GameTheory	98.9
6	DrApeman	98.9
7	dosk17	98.9
8	CompBanker	98.9
9	Betsy Massar	98.9
10	Jamoldo	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Operating CF starts with NI less noncontrolling interest or NI before noncontrolling interest?

Score Breakdown

Feedback

Score Breakdown

Feedback

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Operating CF starts with NI less noncontrolling interest or NI before noncontrolling interest?

See All Comments - 100% Free

Trending Content - Investment Banking Forum