Bresler & Reiner, Inc. (BRER)

Bresler & Reiner Cash Flow Statement

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

Fiscal Year	TTM	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Sep 30, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Net Income	-26.91	-21.45	-9.29	15.71	-2.25	4.42
Depreciation & Amortization	25.46	27.05	30.3	26.79	15.4	12.48
Other Amortization	0.94	1	0.95	0.77	0.61	0.42
Gain (Loss) on Sale of Assets	-4.4	-0.14	-31.47	-55.58	-6.01	-1.68
Asset Writedown	-	0.11	8.65	6.3	-	-
Income (Loss) on Equity Investments	7.25	17.91	-15.56	-0.44	-0.27	0.22
Change in Accounts Receivable	1.02	0.74	-6.08	-0.58	-0.14	-0.91
Change in Other Net Operating Assets	2.98	-2.53	1.38	3.42	-2.6	8.14
Other Operating Activities	2.22	-8.52	-6.78	-0.29	-26.8	-49.74
Operating Cash Flow	5.25	11.35	-9.78	3	-13.84	-24.05
Operating Cash Flow Growth	-14.77%	-	-	-	-	-
Acquisition of Real Estate Assets	-9.9	-15.97	-107.89	-183.22	-114.38	-135.24
Sale of Real Estate Assets	0.3	0.3	64.5	92.95	16.59	0.54
Net Sale / Acq. of Real Estate Assets	-9.6	-15.66	-43.39	-90.27	-97.79	-134.71
Investment in Marketable & Equity Securities	-3.12	13.96	-0.84	18.74	-43.02	18.55
Other Investing Activities	3.64	4.13	7.9	-32.92	1.05	6.39
Investing Cash Flow	-10.03	3.5	-35.82	-103.86	-139.76	-109.24
Long-Term Debt Issued	-	9.13	270.78	202.15	255.49	129.23
Long-Term Debt Repaid	-	-26.78	-121.24	-56.49	-59.11	-2.74
Net Debt Issued (Repaid)	-13.95	-17.65	149.54	145.66	196.39	126.5
Common Dividends Paid	-	-0.82	-3.29	-1.64	-1.53	-1.37
Other Financing Activities	-2.09	-1.93	-91.88	-35.79	-40.35	4.52
Net Cash Flow	-20.82	-5.55	8.78	7.37	0.91	-3.65
Cash Interest Paid	37.6	40.88	37.88	29.59	22.13	15.31
Cash Income Tax Paid	0.18	0.63	2.23	1.84	0.94	0.24
Levered Free Cash Flow	-	8.27	45.76	119.48	-94.14	-13.36
Unlevered Free Cash Flow	-	33.38	69.83	135.88	-85.51	-7.74
Change in Working Capital	4	-1.79	-4.7	2.85	-2.74	7.23

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