Catskill Litigation Trust (CATKU)

Catskill Litigation Trust Cash Flow Statement

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

Fiscal Year	TTM	FY 2006	FY 2005	FY 2004
Period Ending	Sep 30, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Net Income	-1.69	-0.5	-0.64	-0.41
Other Operating Activities	0.14	0.09	0.05	0.01
Change in Accounts Payable	0.31	-	-0.08	0.08
Change in Other Net Operating Assets	0.11	0.01	-0.03	0.03
Operating Cash Flow	-0.73	-0.4	-0.72	-0.28
Short-Term Debt Issued	-	0.51	0.51	0.5
Total Debt Issued	1.14	0.51	0.51	0.5
Net Debt Issued (Repaid)	1.14	0.51	0.51	0.5
Financing Cash Flow	1.14	0.51	0.51	0.5
Net Cash Flow	0.4	0.1	-0.21	0.22
Levered Free Cash Flow	-0.24	-0.31	-0.52	-
Unlevered Free Cash Flow	-0.15	-0.25	-0.49	-
Change in Working Capital	0.42	0.01	-0.12	0.12

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