BPI Energy Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is August - July.

Millions USD. Fiscal year is Aug - Jul.

Fiscal Year	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004	1999 - 2003
Period Ending	Jul '08 Jul 31, 2008	Jul '07 Jul 31, 2007	Jul '06 Jul 31, 2006	Jul '05 Jul 31, 2005	Jul '04 Jul 31, 2004	1999 - 2003
Net Income	-	-20.64	-8.84	-5.4	-0.79	Upgrade
Depreciation & Amortization	-	12.56	0.57	0.26	0.08	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	0.02	-	Upgrade
Loss (Gain) From Sale of Investments	-	-	-0.13	-0.04	-0	Upgrade
Stock-Based Compensation	-	1.65	1.38	3.35	0.19	Upgrade
Other Operating Activities	-	-	0.01	-0.7	-0.3	Upgrade
Change in Accounts Receivable	-	0.01	-0.07	-0.04	-	Upgrade
Change in Accounts Payable	-	0.26	0.01	0.08	0.01	Upgrade
Change in Other Net Operating Assets	-	0.68	0.51	-	-0.09	Upgrade
Operating Cash Flow	-	-5.49	-6.56	-2.48	-0.91	Upgrade
Capital Expenditures	-	-10.44	-15.07	-5.42	-1.61	Upgrade
Cash Acquisitions	-	-	-	-0.86	-	Upgrade
Investment in Securities	-	-	0.55	0.04	-0.18	Upgrade
Other Investing Activities	-	-	-	-0.1	-	Upgrade
Investing Cash Flow	-	-10.44	-14.52	-6.34	-1.79	Upgrade
Long-Term Debt Issued	-	9.06	-	-	-	Upgrade
Long-Term Debt Repaid	-	-0.14	-0.18	-0.04	-0.03	Upgrade
Net Debt Issued (Repaid)	-	8.92	-0.18	-0.04	-0.03	Upgrade
Issuance of Common Stock	-	-	33.28	15.14	3.52	Upgrade
Repurchase of Common Stock	-	-0.14	-	-	-	Upgrade
Other Financing Activities	-	-0.84	-	-	-	Upgrade
Financing Cash Flow	-	7.95	33.11	15.09	3.5	Upgrade
Net Cash Flow	-	-7.99	12.03	6.28	0.8	Upgrade
Free Cash Flow	-	-15.93	-21.63	-7.89	-2.51	Upgrade
Free Cash Flow Margin	-	-1323.42%	-1920.87%	-6687.29%	-	Upgrade
Free Cash Flow Per Share	-	-0.23	-0.34	-0.21	-0.10	Upgrade
Cash Interest Paid	-	0.01	0.02	0.01	0	Upgrade
Levered Free Cash Flow	-	-10.38	-17.75	-4.06	-1.7	Upgrade
Unlevered Free Cash Flow	-	-10.37	-17.73	-4.04	-1.69	Upgrade
Change in Working Capital	-	0.95	0.45	0.05	-0.09	Upgrade

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