Arsenal Digital Holdings, Inc. (ADHI)

Arsenal Digital Holdings Cash Flow Statement

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

Fiscal Year	TTM	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Aug 31, 2011	Nov 30, 2010	Nov 30, 2009	Nov 30, 2008	Nov 30, 2007	Nov 30, 2006
Net Income	-1.69	-8.34	-3.42	-6	-11.26	-5.57
Depreciation & Amortization	0	0	0.02	0.03	0.01	0
Other Amortization	-	-	-	-	0.38	1.64
Asset Writedown & Restructuring Costs	-	-	-	-	0.36	-
Stock-Based Compensation	0.04	0.22	0.72	0.95	4.19	2.61
Other Operating Activities	-0.73	0.48	-0.3	0.35	2.74	0.06
Change in Accounts Receivable	-0.01	-0.01	0.07	-0.14	-0.05	-0.01
Change in Accounts Payable	0.21	0.54	0.45	0.73	0.33	0.2
Change in Other Net Operating Assets	0.02	-0	-0.02	0.14	-0.14	-0.01
Operating Cash Flow	-2.17	-7.11	-2.47	-3.93	-3.73	-1.09
Capital Expenditures	0	-0	-0	-0.01	-2.37	-0.4
Sale (Purchase) of Intangibles	-	-	-	-	-	-0
Investing Cash Flow	0	-0	-0	-0.01	-2.37	-0.4
Short-Term Debt Issued	-	0.23	1.11	1.8	0.09	-
Long-Term Debt Issued	-	6.99	1.32	0.1	0.36	1.43
Total Debt Issued	2.03	7.22	2.44	1.9	0.45	1.43
Total Debt Repaid	-0	-	-	-	-	-
Net Debt Issued (Repaid)	2.03	7.22	2.44	1.9	0.45	1.43
Issuance of Common Stock	0.08	-	-	2.11	4.91	0.79
Financing Cash Flow	2.11	7.22	2.44	4.01	5.36	2.22
Net Cash Flow	-0.06	0.1	-0.04	0.07	-0.74	0.73
Free Cash Flow	-2.17	-7.12	-2.48	-3.94	-6.09	-1.49
Free Cash Flow Per Share	-0.89	-3.00	-1.10	-1.80	-3.33	-1.05
Levered Free Cash Flow	-2.39	-4.17	-0.76	-1.71	-2.59	1.41
Unlevered Free Cash Flow	-2.39	-3.96	-0.6	-1.67	-2.57	1.44
Change in Working Capital	0.22	0.53	0.51	0.74	0.14	0.18

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