Red Oak Hereford Farms Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 1999	FY 1998	FY 1997	FY 1996
Period Ending	Sep '00 Sep 30, 2000	Dec '99 Dec 31, 1999	Dec '98 Dec 31, 1998	Dec '97 Dec 31, 1997	Dec '96 Dec 31, 1996
Net Income	-5.41	-3.62	-6.58	-4.5	-2.91
Depreciation & Amortization	0.13	0.12	0.13	0.09	0.08
Loss (Gain) From Sale of Assets	0	0	-	-	-
Loss (Gain) on Equity Investments	0	0.02	0.66	-	-
Stock-Based Compensation	0.02	0.03	0.47	0.12	-
Other Operating Activities	-0.31	0.14	-0.13	-1.3	-
Change in Accounts Receivable	-1.13	-0.76	2.98	0.47	0.22
Change in Inventory	-2.4	-2.22	0.07	0.03	0.44
Change in Accounts Payable	2.25	2.45	2.3	-0.45	0.59
Change in Other Net Operating Assets	-2.01	0.04	-0.01	0.01	-0.06
Operating Cash Flow	-8.78	-3.98	-0.21	-5.52	-1.64
Capital Expenditures	-0.11	-0.08	-0.06	-0.07	-0.05
Sale of Property, Plant & Equipment	-	-	0.02	-	-
Sale (Purchase) of Intangibles	-0.01	-0.01	-0.25	-	-
Investment in Securities	-	-	-0.2	-0.5	-
Other Investing Activities	-0.18	-0.19	-0.27	-0.01	-0.04
Investing Cash Flow	-0.3	-0.28	-0.77	-0.58	-0.09
Short-Term Debt Issued	-	0.18	-	0.42	-
Long-Term Debt Issued	-	1.02	1.01	0.52	1.7
Total Debt Issued	3.07	1.19	1.01	0.95	1.7
Short-Term Debt Repaid	-	-	-0.83	-	-1.45
Long-Term Debt Repaid	-	-0.42	-0.37	-0.02	-0
Total Debt Repaid	-3.16	-0.42	-1.2	-0.02	-1.46
Net Debt Issued (Repaid)	-0.09	0.78	-0.2	0.93	0.24
Issuance of Common Stock	-	-	1.17	5.28	1.54
Repurchase of Common Stock	-	-	-	-0.03	-
Common Dividends Paid	-	-	-	-	-0.05
Other Financing Activities	-	-	-	-0.06	-
Financing Cash Flow	9.14	4.27	0.98	6.12	1.73
Net Cash Flow	0.06	0	0	0.01	-
Free Cash Flow	-8.9	-4.06	-0.27	-5.59	-1.69
Free Cash Flow Margin	-14.31%	-5.68%	-0.39%	-5.31%	-1.37%
Free Cash Flow Per Share	-0.55	-0.26	-0.02	-0.41	-0.14
Cash Interest Paid	0.71	0.71	0.36	0.36	-
Levered Free Cash Flow	-7.31	-5.27	1.48	-3.97	-
Unlevered Free Cash Flow	-6.59	-4.64	1.75	-3.75	-
Change in Net Working Capital	3.81	3.11	-4.88	1.14	-

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