China Sun Group High-Tech Co. (CSGH)

CSGH Cash Flow Statement

Financials in millions USD. Fiscal year is June - May.

Fiscal Year	TTM	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Feb 29, 2012	May 31, 2011	May 31, 2010	May 31, 2009	May 31, 2008	May 31, 2007
Net Income	9.65	8.41	8.6	8.58	6.74	0.6
Depreciation & Amortization	2.28	1.82	1.5	0.67	0.42	0.37
Stock-Based Compensation	0.12	2.11	-	-	-	0.45
Provision & Write-off of Bad Debts	-	-	-	-	-0.81	0.78
Change in Accounts Receivable	-1.4	0.46	-1.21	-0.25	4.5	-5.2
Change in Inventory	-0.14	0.65	0.44	3.12	-4.45	0.15
Change in Accounts Payable	0.89	-2.18	1.28	0.1	0.08	0.34
Change in Unearned Revenue	-0.19	-	-	-0	-	-
Change in Income Taxes	-0.12	-1	0.01	0.48	0.09	0.81
Change in Other Net Operating Assets	0.5	-0.08	0.52	0.06	-1.42	0.99
Operating Cash Flow	11.57	10.19	11.14	12.75	5.15	-0.73
Operating Cash Flow Growth	-4.70%	-8.48%	-12.67%	147.51%	-	-
Capital Expenditures	-10.14	-7.44	-2.33	-5.32	-2.47	-0.07
Sale (Purchase) of Intangibles	-	-	-	-2.21	-	-
Investing Cash Flow	-10.14	-7.44	-2.33	-7.52	-2.47	-0.07
Other Financing Activities	-	-	-	-	-	1.3
Financing Cash Flow	-	-	-	-	-	1.3
Foreign Exchange Rate Adjustments	0.96	1.04	-0	0.1	0.39	0.11
Net Cash Flow	2.4	3.79	8.81	5.33	3.07	0.61
Free Cash Flow	1.43	2.75	8.81	7.43	2.68	-0.8
Free Cash Flow Growth	-88.15%	-68.80%	18.52%	177.37%	-	-
Free Cash Flow Margin	3.23%	5.66%	21.39%	20.07%	10.59%	-9.70%
Free Cash Flow Per Share	0.03	0.05	0.17	0.14	0.05	-0.02
Cash Income Tax Paid	3.43	4.63	2.13	2.47	2.39	0.02
Levered Free Cash Flow	0.43	3.1	6.99	5.08	1.56	0.77
Unlevered Free Cash Flow	0.43	3.1	6.99	5.08	1.56	0.77
Change in Net Working Capital	1.03	1.96	-0.6	-4.28	2.14	0.84

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