Environmental Power Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2009	FY 2008	FY 2007	FY 2006	FY 2005
Period Ending	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005
Net Income	-36.11	-16.01	-17.36	-14.12	-11.41
Depreciation & Amortization	1.54	1.39	0.47	0.49	0.49
Other Amortization	0.16	-	-	0.01	-
Asset Writedown	26.07	4.91	-	-	-
Stock-Based Compensation	0.42	1.95	2.8	2.04	0.9
Change in Accounts Receivable	-0.16	0.24	-0.41	-3.28	7.01
Change in Inventory	-	-	-	0.13	-0.05
Change in Accounts Payable	0.3	2.07	-1.18	3.06	-0.85
Change in Unearned Revenue	-	-	-	-0.46	-0.28
Change in Other Net Operating Assets	-0.24	-	-0.19	1.99	-3.94
Other Operating Activities	-0.16	-6.99	6.2	0.19	0.08
Net Cash from Discontinued Operations	-	-1.24	1.56	-	-
Operating Cash Flow	-8.19	-13.68	-8.12	-9.96	-7.3
Capital Expenditures	-9.75	-17.91	-12.47	-13.42	-1
Other Investing Activities	102.92	-55.44	6.71	-53.17	-0.39
Investing Cash Flow	93.17	-73.34	-5.76	-66.6	-1.39
Short-Term Debt Issued	-	-	-	4.15	-
Long-Term Debt Issued	5	69.43	-	56.64	-
Total Debt Issued	5	69.43	-	60.8	-
Short-Term Debt Repaid	-	-	-	-	-2.65
Long-Term Debt Repaid	-91.01	-0.05	-0.26	-0.04	-0.48
Total Debt Repaid	-91.01	-0.05	-0.26	-0.04	-3.14
Net Debt Issued (Repaid)	-86.01	69.37	-0.26	60.76	-3.14
Issuance of Common Stock	-	-	29.59	0.71	26.29
Repurchase of Common Stock	-0	-	-	-	-
Preferred Dividends Paid	-0.67	-1.33	-0.87	-0.01	-0.01
Dividends Paid	-0.67	-1.33	-0.87	-0.01	-0.01
Other Financing Activities	-0.8	-3.93	-2.31	-	-
Financing Cash Flow	-87.48	64.11	26.16	75.51	23.15
Net Cash Flow	-2.5	-22.91	12.28	-1.05	14.46
Free Cash Flow	-17.94	-31.59	-20.59	-23.38	-8.3
Free Cash Flow Margin	-380.70%	-1087.31%	-1752.30%	-1054.97%	-202.98%
Free Cash Flow Per Share	-1.15	-2.03	-1.82	-2.43	-1.12
Cash Interest Paid	2.46	0.88	0.01	-	0.3
Cash Income Tax Paid	0.03	0.03	0	0.04	0.3
Levered Free Cash Flow	89.38	-85.54	-5.72	-66.98	-0.8
Unlevered Free Cash Flow	91.31	-84.93	-5.71	-66.98	-0.79
Change in Working Capital	-0.1	2.3	-1.78	1.44	1.89

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