Clarent Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2000	FY 1999	FY 1998	FY 1997	FY 1996
Period Ending	Sep '01 Sep 30, 2001	Dec '00 Dec 31, 2000	Dec '99 Dec 31, 1999	Dec '98 Dec 31, 1998	Dec '97 Dec 31, 1997	Dec '96 Dec 31, 1996
Net Income	-439.51	-95.73	-30.78	-5.83	-2.06	-0.55
Depreciation & Amortization	64.87	32.73	22.33	1.4	0.08	0.02
Asset Writedown & Restructuring Costs	175.41	31.5	-	-	-	-
Loss (Gain) From Sale of Investments	9.88	1	-	-	-	-
Other Operating Activities	-	-	-	0.16	-	-
Change in Accounts Receivable	13.52	9.42	-15.86	-6.17	-0.78	-
Change in Inventory	6.31	-4.76	-4.76	-2.73	-0.89	-
Change in Accounts Payable	1.41	4.92	10.15	3.44	1.32	0
Change in Unearned Revenue	5.46	-2	5.7	4.26	0.16	-
Change in Other Net Operating Assets	2.69	0.43	-2.71	-0.34	-0.12	-0.02
Operating Cash Flow	-157.69	-22.5	-15.92	-5.81	-2.29	-0.55
Capital Expenditures	-43.44	-30.47	-13.23	-2.21	-0.56	-0.19
Cash Acquisitions	-	33.32	0.33	-	-	-
Investment in Securities	71.01	-41.31	-45.58	-	-	-
Investing Cash Flow	12.57	-38.46	-58.49	-2.21	-0.56	-0.19
Short-Term Debt Issued	-	-	-	5.1	-	-
Total Debt Issued	10	-	-	5.1	-	-
Short-Term Debt Repaid	-	-	-2.5	-0.55	-	-
Total Debt Repaid	-0.05	-	-2.5	-0.55	-	-
Net Debt Issued (Repaid)	9.95	-	-2.5	4.55	-	-
Issuance of Common Stock	4.75	8.11	303.4	0.07	-	0.07
Repurchase of Common Stock	-	-	-	-	-0.01	-
Other Financing Activities	-	-	-	-	-	-0.02
Financing Cash Flow	14.7	8.11	301.23	19.45	3.19	1.04
Foreign Exchange Rate Adjustments	-0.24	-0.25	-0	-0	-0.02	-
Net Cash Flow	-130.66	-53.1	226.82	11.43	0.33	0.29
Free Cash Flow	-201.12	-52.96	-29.15	-8.02	-2.84	-0.74
Free Cash Flow Margin	-212.63%	-49.07%	-60.96%	-54.76%	-84.61%	-
Free Cash Flow Per Share	-5.04	-1.51	-1.77	-2.26	-2.95	-
Cash Interest Paid	0.01	0.01	0.3	0.03	-	-
Levered Free Cash Flow	-77.7	-22.65	0.95	-5.39	-	-
Unlevered Free Cash Flow	-77.7	-22.65	0.95	-5.39	-	-
Change in Net Working Capital	-44.69	-18.59	6.79	1.82	-	-

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