Retained earnings are not considered cash flow from financing. Retained earnings represent the portion of a company's profits that are reinvested back into the business rather than distributed to shareholders as dividends. Cash flow from financing activities typically includes transactions related to the company's capital structure, such as issuing or repurchasing stock, issuing or repaying debt, and paying dividends to shareholders. Retained earnings are considered part of the company's equity and are not directly related to financing activities.