Here Media Inc. (HRDI)

Here Media Cash Flow Statement

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

Fiscal Year	TTM	FY 2009	FY 2008
Period Ending	Mar 31, 2010	Dec 31, 2009	Dec 31, 2008
Net Income	-15.11	-15.34	1.23
Depreciation & Amortization	1.67	1.45	0.34
Other Amortization	4.62	5.08	4.23
Loss (Gain) From Sale of Assets	0.01	0.01	-
Asset Writedown & Restructuring Costs	1.69	1.69	-
Provision & Write-off of Bad Debts	-0.03	0.05	0.08
Other Operating Activities	6.63	3.87	-0.28
Change in Accounts Receivable	-4.79	-2.02	-0.66
Change in Inventory	0.16	0.13	0.06
Change in Accounts Payable	2.77	3.94	0.29
Change in Unearned Revenue	-0.28	0.02	-0.04
Change in Other Net Operating Assets	-0.17	-4.96	-4.07
Operating Cash Flow	-2.83	-6.06	1.18
Capital Expenditures	-0.32	-0.32	-0.22
Cash Acquisitions	0.92	0.92	-
Other Investing Activities	1.1	1.1	-
Investing Cash Flow	1.69	1.7	-0.22
Long-Term Debt Issued	-	4.02	1.57
Long-Term Debt Repaid	-	-1.18	-0.02
Net Debt Issued (Repaid)	1.29	2.84	1.55
Financing Cash Flow	1.29	2.84	1.55
Foreign Exchange Rate Adjustments	-0	-0.02	-
Net Cash Flow	0.14	-1.55	2.5
Free Cash Flow	-3.16	-6.38	0.96
Free Cash Flow Margin	-11.56%	-23.71%	3.93%
Free Cash Flow Per Share	-0.16	-0.34	0.06
Cash Interest Paid	0.09	0.09	0.01
Cash Income Tax Paid	0.05	0.05	0.01
Levered Free Cash Flow	1.72	7.04	-
Unlevered Free Cash Flow	1.84	7.09	-
Change in Working Capital	-2.32	-2.88	-4.41

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