EP3Oil, Inc. (EEEP)

EP3Oil Cash Flow Statement

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

Fiscal Year	FY 2009	FY 2008	FY 2007
Period Ending	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007
Net Income	-2.04	-0.62	-3.29
Depreciation & Amortization	0.83	0.74	0.79
Other Amortization	0.07	0.22	0.01
Stock-Based Compensation	0.39	0.46	0.99
Provision & Write-off of Bad Debts	0.03	0.02	-0.02
Other Operating Activities	-0	-	-
Change in Accounts Receivable	0.22	0.1	-0.25
Change in Inventory	-0	-0.01	0.02
Change in Accounts Payable	0.04	-0.13	-0.06
Change in Unearned Revenue	-0.04	0.11	0.11
Change in Other Net Operating Assets	-0.33	-0.95	0.07
Operating Cash Flow	0.05	0.04	-0.09
Operating Cash Flow Growth	40.22%	-	-
Capital Expenditures	-0.07	-0.13	-0.15
Cash Acquisitions	-	-0.51	-
Other Investing Activities	2.09	0.05	0.84
Investing Cash Flow	2.02	-0.59	0.69
Short-Term Debt Issued	-	0.31	-
Long-Term Debt Issued	0.87	0.3	-
Total Debt Issued	0.87	0.61	-
Short-Term Debt Repaid	-0.82	-	-0.56
Long-Term Debt Repaid	-1.37	-0.17	-0.06
Total Debt Repaid	-2.2	-0.17	-0.62
Net Debt Issued (Repaid)	-1.33	0.44	-0.62
Issuance of Common Stock	-	-	0.2
Other Financing Activities	-	-0.07	-
Financing Cash Flow	-1.33	0.37	-0.42
Net Cash Flow	0.74	-0.18	0.18
Free Cash Flow	-0.02	-0.1	-0.24
Free Cash Flow Margin	-0.16%	-0.98%	-1.70%
Cash Interest Paid	0.2	0.09	0.1
Cash Income Tax Paid	0.15	0.17	0.07
Levered Free Cash Flow	-0.63	0.16	0.41
Unlevered Free Cash Flow	-0.6	0.11	0.46
Change in Working Capital	-0.12	-0.88	-0.1

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