The Castle Group, Inc. (CAGU)

The Castle Group Cash Flow Statement

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

Fiscal Year	TTM	FY 2017	FY 2016	FY 2015	FY 2014	FY 2013
Period Ending	Mar 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Net Income	0.32	0.11	0.29	0.17	0.65	0.2
Depreciation & Amortization	0.3	0.29	0.22	0.22	0.23	0.22
Loss (Gain) on Equity Investments	-0.02	-0.03	-0.05	0	-	-
Stock-Based Compensation	0.08	0.06	0.03	0	0.05	-
Provision & Write-off of Bad Debts	-0.07	-0.11	-0.4	-0.12	-	-
Other Operating Activities	0.34	0.31	0.56	0.43	0.24	0.31
Change in Accounts Receivable	0.44	-0.06	-0.36	0.23	0.09	-0.53
Change in Accounts Payable	0.22	-0.01	0.58	0.29	-0.27	0.56
Change in Unearned Revenue	0.99	1.9	0.07	-0.04	0.26	-0.03
Change in Other Net Operating Assets	0.12	0.13	0.44	0.18	-0.09	0
Operating Cash Flow	2.72	2.58	1.38	1.36	1.16	0.74
Operating Cash Flow Growth	89.56%	87.26%	1.07%	17.61%	57.14%	147.31%
Capital Expenditures	-0.36	-0.38	-0.23	-0.37	-0.07	-0.03
Investment in Securities	-0.2	-	-	-	-	-
Other Investing Activities	-	-	-	-	0.1	-
Investing Cash Flow	-0.56	-0.38	-0.23	-0.37	0.03	-0.03
Long-Term Debt Issued	-	-	0.04	0.2	-	0.15
Long-Term Debt Repaid	-	-0.69	-0.8	-0.5	-0.55	-0.5
Net Debt Issued (Repaid)	-0.59	-0.69	-0.76	-0.3	-0.55	-0.35
Financing Cash Flow	-0.59	-0.69	-0.76	-0.3	-0.55	-0.35
Foreign Exchange Rate Adjustments	0.02	0.03	0.01	-0.08	-0.03	-0
Net Cash Flow	1.6	1.55	0.41	0.62	0.62	0.36
Free Cash Flow	2.37	2.21	1.15	0.99	1.09	0.71
Free Cash Flow Growth	114.22%	91.68%	15.78%	-8.81%	54.46%	146.25%
Free Cash Flow Margin	8.85%	8.41%	4.38%	4.11%	4.45%	2.96%
Free Cash Flow Per Share	0.24	0.22	0.12	0.10	0.10	0.07
Cash Interest Paid	0.09	0.09	0.12	0.14	0.19	0.2
Cash Income Tax Paid	-	-	0.02	-	-	0.01
Levered Free Cash Flow	2.62	2.42	0.7	0.93	0.63	0.36
Unlevered Free Cash Flow	2.79	2.59	0.9	1.14	0.83	0.59
Change in Working Capital	1.78	1.96	0.73	0.66	-0.01	0

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