Affinity Beverage Group, Inc. (ABVG)

Affinity Beverage Group Cash Flow Statement

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

Fiscal Year	TTM	FY 2005	FY 2004	FY 2003
Period Ending	Sep 30, 2006	Dec 31, 2005	Dec 31, 2004	Dec 31, 2003
Net Income	-6.8	-1.5	0.35	1.45
Depreciation & Amortization	0.07	0.3	0.29	0.18
Other Amortization	1.22	0.06	0.05	0.04
Provision & Write-off of Bad Debts	-0.07	0.17	0.01	-
Other Operating Activities	-0.6	0.01	-	-
Change in Accounts Receivable	0.24	0.19	-0.26	-0.24
Change in Inventory	0.27	0.09	-0.06	0.2
Change in Income Taxes	0	-	-	0.72
Change in Other Net Operating Assets	0.25	0.22	-0.69	-0.65
Operating Cash Flow	-1.11	-0.46	-0.31	1.7
Capital Expenditures	-0.14	-0.51	-1.97	-2.48
Cash Acquisitions	-	-	0.65	-
Investing Cash Flow	-0.14	-0.51	-1.33	-2.48
Short-Term Debt Issued	-	-	0.17	0.21
Long-Term Debt Issued	-	0.89	0.65	-
Total Debt Issued	1.67	0.89	0.82	0.21
Short-Term Debt Repaid	-	-0.17	-0.21	-
Long-Term Debt Repaid	-	-0.25	-	-
Total Debt Repaid	-0.57	-0.42	-0.21	-
Net Debt Issued (Repaid)	1.1	0.47	0.62	0.21
Issuance of Common Stock	0.1	-	1.5	0.6
Other Financing Activities	0.03	0.4	-0.4	-
Financing Cash Flow	1.23	0.87	1.71	0.82
Foreign Exchange Rate Adjustments	-0	0	-	-
Miscellaneous Cash Flow Adjustments	-0	-0	-0	-
Net Cash Flow	-0.02	-0.11	0.08	0.04
Free Cash Flow	-1.25	-0.97	-2.28	-0.77
Free Cash Flow Margin	-239.16%	-186.81%	-95.51%	-25.36%
Free Cash Flow Per Share	-0.53	-0.67	-1.67	-1.55
Levered Free Cash Flow	0.09	0.23	-1.96	-
Unlevered Free Cash Flow	0.24	0.34	-1.96	-
Change in Net Working Capital	0.14	-1.3	0.55	-

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