Alderon Iron Ore Cash Flow Statement

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2018	FY 2017	FY 2016	FY 2015	FY 2014
Period Ending	Sep '19 Sep 30, 2019	Dec '18 Dec 31, 2018	Dec '17 Dec 31, 2017	Dec '16 Dec 31, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014
Net Income	-5.38	-4.63	-97.11	-2.61	-5.61	-7.84
Depreciation & Amortization	0.04	0	78.42	-	0.22	0.14
Other Amortization	-	-	-	-	0.02	-
Loss (Gain) From Sale of Assets	-	-	-	-	0.01	-
Asset Writedown & Restructuring Costs	-	-	12.78	-	0.11	-
Stock-Based Compensation	0.25	0.94	0.17	0.99	0.27	0.53
Other Operating Activities	2.14	-0.28	-6.87	-1.14	-3.55	-3.79
Change in Accounts Receivable	0.06	0.01	0.16	0.31	0.15	2.76
Change in Accounts Payable	-0.07	0.43	-0.4	-0	0.36	1.94
Change in Other Net Operating Assets	-0.02	0.1	-0.14	0.01	2.28	-0.93
Operating Cash Flow	-2.97	-3.43	-12.98	-2.44	-5.75	-7.19
Capital Expenditures	-0.22	-0.54	-0.4	-0.39	-1.11	-66.2
Sale of Property, Plant & Equipment	-	-	-	0.09	0.04	-
Investment in Securities	-0.01	-0.01	0.26	-0.29	-	-
Other Investing Activities	-	-	21	-	0.24	-22.2
Investing Cash Flow	-0.23	-0.55	20.87	-0.58	-0.84	-88.4
Long-Term Debt Issued	-	18.38	-	-	-	22
Total Debt Issued	-	18.38	-	-	-	22
Long-Term Debt Repaid	-	-21.08	-	-0.09	-	-
Total Debt Repaid	-0.04	-21.08	-	-0.09	-	-
Net Debt Issued (Repaid)	-0.04	-2.71	-	-0.09	-	22
Issuance of Common Stock	0.05	-	-	-	-	-
Other Financing Activities	-1.94	-2.12	-1.9	-1.9	-0.97	-0.34
Financing Cash Flow	-1.93	-4.83	-1.9	-1.99	-0.97	21.66
Net Cash Flow	-5.13	-8.81	5.99	-5.02	-7.57	-73.92
Free Cash Flow	-3.18	-3.96	-13.38	-2.83	-6.86	-73.38
Free Cash Flow Per Share	-0.02	-0.03	-0.10	-0.02	-0.05	-0.56
Cash Interest Paid	1.89	1.78	1.9	1.9	0.97	0.01
Levered Free Cash Flow	-4.08	-4.34	23.33	-2.79	18.91	-99.31
Unlevered Free Cash Flow	-2.02	-2.51	25.18	-1.01	20.58	-99.12
Change in Working Capital	-0.02	0.54	-0.38	0.32	2.78	3.76

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