CCSE:MPA Cash Flow Statement

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

Millions VEF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2013	FY 2012	FY 2011	FY 2010	FY 2008
Period Ending	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011	Dec '10 Dec 31, 2010	Dec '08 Dec 31, 2008
Net Income	8.68	165.08	172.18	142.1	156.67
Depreciation & Amortization	76.82	35.8	31.21	23.66	17.94
Loss (Gain) From Sale of Assets	-	-140.49	-3.74	-0.17	-0.43
Asset Writedown & Restructuring Costs	-	4.9	-	-	-
Loss (Gain) From Sale of Investments	-	-	1.41	-	-
Loss (Gain) on Equity Investments	-	-	-	-	1.31
Other Operating Activities	21.85	-27.33	-17.67	-72.31	22.39
Change in Accounts Receivable	236.1	-70.4	-191.76	-18.03	-38.33
Change in Inventory	-29.37	87.79	-23.14	-36.42	-28.55
Change in Accounts Payable	106.56	27.42	8.19	59.3	-0.11
Change in Other Net Operating Assets	51.49	125.44	59.57	22.73	8.39
Operating Cash Flow	472.12	208.17	36.26	120.84	139.28
Operating Cash Flow Growth	126.79%	474.05%	-69.99%	-13.24%	376.93%
Capital Expenditures	-19.64	-29.89	-42.33	-30.74	-11.54
Sale of Property, Plant & Equipment	0.8	147.64	8.51	0.22	0.8
Cash Acquisitions	24.9	-36.22	-	-	-
Divestitures	-	-	1	-	-
Investment in Securities	-	-0.15	2.5	-	0.77
Other Investing Activities	-65.19	0.16	-0.04	-	-
Investing Cash Flow	-59.15	81.54	-30.36	-30.52	-9.97
Short-Term Debt Issued	-	-	-	150.91	54.21
Long-Term Debt Issued	-	65.03	354.79	-	12.55
Total Debt Issued	-	65.03	354.79	150.91	66.76
Short-Term Debt Repaid	-	-	-37.98	-13.23	-32.93
Long-Term Debt Repaid	-460.59	-1.54	-25.71	-23.56	-
Total Debt Repaid	-460.59	-1.54	-63.69	-36.8	-32.93
Net Debt Issued (Repaid)	-460.59	63.49	291.09	114.11	33.83
Common Dividends Paid	-102.64	-84.7	-250.22	-153.87	-131.97
Financing Cash Flow	-563.23	-21.21	40.87	-39.76	-98.14
Miscellaneous Cash Flow Adjustments	-	-49.7	-38.57	-	-0
Net Cash Flow	-150.25	218.8	8.2	50.56	31.16
Free Cash Flow	452.48	178.28	-6.07	90.1	127.74
Free Cash Flow Growth	153.80%	-	-	-29.46%	382.36%
Free Cash Flow Margin	15.79%	8.44%	-0.25%	5.21%	14.91%
Free Cash Flow Per Share	-	0.78	-0.03	0.39	0.56
Cash Interest Paid	121.15	98.89	97.16	53.19	20.01
Cash Income Tax Paid	81.48	42.01	35.19	106.23	17.68
Levered Free Cash Flow	257.17	231.39	-183.69	-	46.58
Unlevered Free Cash Flow	332.88	294.81	-124.06	-	59.78
Change in Working Capital	364.78	170.25	-147.13	27.57	-58.6

Source: S&P Global Market Intelligence. Standard template. Financial Sources.