Domínguez & Cía. Cash Flow Statement

Financials in millions VEF. Fiscal year is December - November.

Millions VEF. Fiscal year is Dec - Nov.

Fiscal Year	FY 2014	FY 2013	FY 2012	FY 2011	FY 2010	2005 - 2009
Period Ending	Nov '14 Nov 30, 2014	Nov '13 Nov 30, 2013	Nov '12 Nov 30, 2012	Nov '11 Nov 30, 2011	Nov '10 Nov 30, 2010	2005 - 2009
Net Income	42.87	41.73	70.1	60.46	73.72	Upgrade
Depreciation & Amortization	101.2	99.2	68.52	68.6	23.17	Upgrade
Loss (Gain) From Sale of Assets	3.59	1.01	2.36	-	-	Upgrade
Loss (Gain) From Sale of Investments	-3.03	10.02	-0.32	3.02	13.56	Upgrade
Other Operating Activities	336.63	237.6	114.62	136.55	44.17	Upgrade
Change in Accounts Receivable	-232.13	75.96	-56.16	-37.97	-15.29	Upgrade
Change in Inventory	-87.16	35.9	16.03	46.64	-8.37	Upgrade
Change in Accounts Payable	73.14	-41.22	74.98	6.42	-7.84	Upgrade
Change in Income Taxes	-	-	-41.42	-	-	Upgrade
Change in Other Net Operating Assets	-138.35	-110.05	-23.85	-71.4	-23.02	Upgrade
Operating Cash Flow	96.74	279.74	268.35	215.16	33.51	Upgrade
Operating Cash Flow Growth	-65.42%	4.25%	24.72%	542.09%	-15.56%	Upgrade
Capital Expenditures	-4.34	-36.98	-51.46	-4.84	-11.26	Upgrade
Investment in Securities	5.77	78.33	-80.85	-27.66	-30	Upgrade
Investing Cash Flow	1.43	41.36	-132.31	-32.5	-41.26	Upgrade
Long-Term Debt Issued	19.96	-	158.41	-	38.58	Upgrade
Total Debt Issued	19.96	-	158.41	-	38.58	Upgrade
Long-Term Debt Repaid	-81.79	-162.68	-	-205.28	-5	Upgrade
Total Debt Repaid	-81.79	-162.68	-	-205.28	-5	Upgrade
Net Debt Issued (Repaid)	-61.83	-162.68	158.41	-205.28	33.58	Upgrade
Common Dividends Paid	-36.42	-29.12	-108.71	-60.65	-36.09	Upgrade
Other Financing Activities	0.06	13.26	-97.36	86.66	-11.83	Upgrade
Financing Cash Flow	-98.2	-178.54	-47.66	-179.28	-14.35	Upgrade
Miscellaneous Cash Flow Adjustments	-98.58	-83.8	-22.9	-8.85	-	Upgrade
Net Cash Flow	-98.61	58.76	65.47	-5.47	-22.1	Upgrade
Free Cash Flow	92.4	242.77	216.88	210.32	22.25	Upgrade
Free Cash Flow Growth	-61.94%	11.93%	3.12%	845.46%	25.37%	Upgrade
Free Cash Flow Margin	5.01%	14.78%	21.62%	27.08%	4.53%	Upgrade
Free Cash Flow Per Share	1.92	5.03	4.50	4.37	0.46	Upgrade
Levered Free Cash Flow	73.06	-74.82	-1.92	144.8	50.75	Upgrade
Unlevered Free Cash Flow	95.33	-57.83	6.39	161.09	68.23	Upgrade
Change in Working Capital	-384.51	-109.81	13.08	-53.48	-121.11	Upgrade

Updated Jan 25, 2013. Source: S&P Global Market Intelligence. Standard template. Financial Sources.