diff --git a/ChangeLog.md b/ChangeLog.md
--- a/ChangeLog.md
+++ b/ChangeLog.md
@@ -1,5 +1,11 @@
 # Changelog for [hledger-flow](https://github.com/apauley/hledger-flow)
 
+## 0.12.4.0
+
+- Update usage of hledger to reflect updated command-line flags of hledger version 1.15
+  https://github.com/apauley/hledger-flow/issues/73
+- Compile with stackage lts-14.9
+
 ## 0.12.3.1
 
 Fixed a bug where:
diff --git a/app/Main.hs b/app/Main.hs
--- a/app/Main.hs
+++ b/app/Main.hs
@@ -6,7 +6,6 @@
 import Prelude hiding (FilePath, putStrLn)
 
 import Options.Applicative
-import Data.Semigroup ((<>))
 
 import Hledger.Flow.Common
 import qualified Hledger.Flow.RuntimeOptions as RT
@@ -16,7 +15,7 @@
 data SubcommandParams = SubcommandParams { maybeBaseDir :: Maybe FilePath } deriving (Show)
 data Command = Import SubcommandParams | Report SubcommandParams deriving (Show)
 
-data MainParams = MainParams { verbose :: Bool
+data MainParams = MainParams { verbosity :: Int
                              , hledgerPathOpt :: Maybe FilePath
                              , showOpts :: Bool
                              , sequential :: Bool
@@ -39,7 +38,7 @@
                            , RT.hfVersion = versionInfo'
                            , RT.hledgerInfo = hli
                            , RT.sysInfo = systemInfo
-                           , RT.verbose = verbose mainParams'
+                           , RT.verbose = verbosity mainParams' > 0
                            , RT.showOptions = showOpts mainParams'
                            , RT.sequential = sequential mainParams' }
 
@@ -53,7 +52,7 @@
 
 verboseParser :: Parser MainParams
 verboseParser = MainParams
-  <$> switch (long "verbose" <> short 'v' <> help "Print more verbose output")
+  <$> (length <$> many (flag' () (long "verbose" <> short 'v' <> help "Print more verbose output")))
   <*> optional (optPath "hledger-path" 'H' "The full path to an hledger executable")
   <*> switch (long "show-options" <> help "Print the options this program will run with")
   <*> switch (long "sequential" <> help "Disable parallel processing")
diff --git a/hledger-flow.cabal b/hledger-flow.cabal
--- a/hledger-flow.cabal
+++ b/hledger-flow.cabal
@@ -1,13 +1,13 @@
 cabal-version: 1.12
 
--- This file has been generated from package.yaml by hpack version 0.31.1.
+-- This file has been generated from package.yaml by hpack version 0.31.2.
 --
 -- see: https://github.com/sol/hpack
 --
--- hash: bc3f43f1b0698c9441147d8c7a211cde2bfbaaa5d5366ad7b17e1479584cfe78
+-- hash: 7a59c0bdbb268fed703e7d2f13e093027bc5ccb2f43d96117aa3496ea0c502b2
 
 name:           hledger-flow
-version:        0.12.3.1
+version:        0.12.4.0
 synopsis:       An hledger workflow focusing on automated statement import and classification.
 description:    Please see the README on GitHub at <https://github.com/apauley/hledger-flow#readme>
 category:       Finance, Console
diff --git a/src/Hledger/Flow/Reports.hs b/src/Hledger/Flow/Reports.hs
--- a/src/Hledger/Flow/Reports.hs
+++ b/src/Hledger/Flow/Reports.hs
@@ -73,7 +73,7 @@
 
 incomeStatement :: [Text] -> ReportGenerator
 incomeStatement sharedOptions opts ch journal reportsDir year = do
-  let reportArgs = ["incomestatement"] ++ sharedOptions ++ ["--cost", "--value"]
+  let reportArgs = ["incomestatement"] ++ sharedOptions ++ ["--cost"]
   generateReport opts ch journal reportsDir year ("income-expenses" <.> "txt") reportArgs (not . T.null)
 
 balanceSheet :: [Text] -> ReportGenerator