Andes Gold Corporation (AGCZ)

Andes Gold Cash Flow Statement

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

Fiscal Year	TTM	FY 2011	FY 2010	FY 2008	FY 2007	FY 2003
Period Ending	Mar 31, 2012	Dec 31, 2011	Dec 31, 2010	Dec 31, 2008	Dec 31, 2007	Dec 31, 2003
Net Income	0.62	0.52	0.26	0.32	-	-6.22
Depreciation & Amortization	0.58	0.41	-0.18	0.11	-	0.42
Loss (Gain) From Sale of Assets	-	-	-	-	-	-0.17
Asset Writedown & Restructuring Costs	-	-	-	-	-	0.62
Loss (Gain) on Equity Investments	-	-	-	-	-	0.05
Stock-Based Compensation	-	-	-	-	-	0.6
Provision & Write-off of Bad Debts	-	-	-	-	-	0.17
Other Operating Activities	0.89	0.22	-0.02	-0.23	-	1.62
Change in Accounts Receivable	-0.75	-0.25	-	-	-	-0.18
Change in Inventory	-0.51	-0.47	-	-	-	-0.06
Change in Accounts Payable	0	0	-0.02	0.11	-	-0.14
Change in Unearned Revenue	-	-	-	-	-	-0.03
Change in Other Net Operating Assets	-0.65	-0.32	-0.06	-0.28	-	-0.35
Operating Cash Flow	0.17	0.12	-0.02	0.03	-	-3.66
Capital Expenditures	-0.1	-0.1	-	-	-	-0.06
Sale of Property, Plant & Equipment	-	-	-	-	-	0.49
Cash Acquisitions	-	-	-	-	-	-0.05
Other Investing Activities	-	-	-	-	-	0.12
Investing Cash Flow	-0.1	-0.1	-	-	-	0.51
Short-Term Debt Issued	-	-	-	-	-	0.83
Long-Term Debt Issued	-	-	-	-	-	1.56
Total Debt Issued	-0.12	-	-	-	-	2.39
Short-Term Debt Repaid	-	-	-	-	-	-0.03
Long-Term Debt Repaid	-	-	-	-	-	-0.59
Total Debt Repaid	-	-	-	-	-	-0.61
Net Debt Issued (Repaid)	-0.12	-	-	-	-	1.77
Issuance of Common Stock	-	-	-	-	-	0
Financing Cash Flow	-0.12	-	-	-	-	3.15
Net Cash Flow	-0.05	0.02	-0.02	0.03	-	-
Free Cash Flow	0.07	0.02	-0.02	0.03	-	-3.72
Free Cash Flow Margin	1.48%	0.46%	-0.70%	4.47%	-	-225.57%
Free Cash Flow Per Share	0.01	0.00	-0.01	-	-	-
Cash Interest Paid	-	-	-	-	-	0.2
Cash Income Tax Paid	-	-	-	-	-	0
Levered Free Cash Flow	-	-0.07	-	-	-	-0.67
Unlevered Free Cash Flow	-	-0.05	-	-	-	0.34
Change in Working Capital	-1.91	-1.04	-0.08	-0.17	-	-0.75

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