Gulf Alternative Energy Corp. (GAEC)

Gulf Alternative Energy Cash Flow Statement

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

Fiscal Year	TTM	FY 2008	FY 2007	FY 2006	FY 2005
Period Ending	Mar 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005
Net Income	-2.37	-2.4	-4.22	0.01	-0.02
Asset Writedown & Restructuring Costs	-	-	-	0.01	-
Loss (Gain) From Sale of Investments	-	-	0.05	-	-
Stock-Based Compensation	0.24	0.23	3.9	-	-
Provision & Write-off of Bad Debts	-	-	0.01	-	-
Other Operating Activities	1.64	1.62	-	-	-
Change in Accounts Payable	0.04	0.05	0.01	-	-
Change in Other Net Operating Assets	0.02	0.02	0	-0	0.01
Operating Cash Flow	-0.42	-0.47	-0.24	0.01	-0
Investment in Securities	-	-	-0.05	-	-
Investing Cash Flow	-	-	-0.05	-0.08	-
Short-Term Debt Issued	-	0.26	0.25	0.06	0
Long-Term Debt Issued	-	-	-	0.04	0.05
Total Debt Issued	0.25	0.26	0.25	0.1	0.05
Long-Term Debt Repaid	-	-	-	-0.01	-
Net Debt Issued (Repaid)	0.25	0.26	0.25	0.09	0.05
Issuance of Common Stock	0.19	0.19	0	0.2	-
Other Financing Activities	-	-	-	-0.22	-
Financing Cash Flow	0.45	0.45	0.25	0.07	0.05
Net Cash Flow	0.03	-0.01	-0.04	0	0.05
Levered Free Cash Flow	-0.16	-0.21	1.32	-0.12	-
Unlevered Free Cash Flow	-0.15	-0.2	1.32	-0.12	-
Change in Net Working Capital	-0.06	-0.05	-0.03	-0.06	-

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