Hybrid Energy Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Nov '07 Nov 30, 2007	Feb '07 Feb 28, 2007	Feb '06 Feb 28, 2006	Feb '05 Feb 28, 2005	Feb '04 Feb 28, 2004	Feb '03 Feb 28, 2003
Net Income	0.46	0.71	-3.79	-0.99	-0.33	-0.17
Depreciation & Amortization	-0	0.01	0.04	0.05	0.05	0.05
Other Amortization	0.11	0.21	0.14	-	-	-
Loss (Gain) From Sale of Assets	0	0	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	0.53	-	-	-
Stock-Based Compensation	0.02	0.12	1.32	0.12	-	-
Provision & Write-off of Bad Debts	-	-	-0.03	0.05	0.02	-
Other Operating Activities	-0.68	-1.37	1.04	-	-	-
Change in Accounts Receivable	0.02	0.01	0.03	0.03	-0.02	-0.01
Change in Inventory	-	-	-	-	0	-0
Change in Accounts Payable	-0.01	0.13	0.07	0.08	0.03	-0.02
Change in Other Net Operating Assets	-	-	0.01	0.01	-0.07	0.11
Operating Cash Flow	-0.04	-0.14	-0.73	-0.65	-0.31	-0.05
Capital Expenditures	-	-	-0	-0.02	-0.02	-0
Sale of Property, Plant & Equipment	0	0	-	-	-	-
Cash Acquisitions	-	-	-	-	-0.22	-
Other Investing Activities	-	-	-	-	-	0.11
Investing Cash Flow	0	0	-0	-0.02	-0.24	0.11
Short-Term Debt Issued	-	0.05	0.08	0.02	-	-
Long-Term Debt Issued	-	0.09	0.63	-	-	0.09
Total Debt Issued	0.07	0.14	0.71	0.02	-	0.09
Long-Term Debt Repaid	-	-	-0.01	-0	-0.04	-
Net Debt Issued (Repaid)	0.07	0.14	0.7	0.02	-0.04	0.09
Issuance of Common Stock	-	-	0.03	0.49	0.76	-
Repurchase of Common Stock	-	-	-	-	-	-0.15
Other Financing Activities	-0.01	-0.01	-	-	-	-
Financing Cash Flow	0.06	0.13	0.72	0.51	0.72	-0.06
Net Cash Flow	0.03	-0.01	-0.01	-0.16	0.17	-0.01
Free Cash Flow	-0.04	-0.14	-0.73	-0.66	-0.33	-0.06
Free Cash Flow Margin	-1901.52%	-127.92%	-1270.07%	-144.70%	-79.89%	-13.60%
Free Cash Flow Per Share	-0.00	-0.01	-0.05	-0.05	-0.03	-0.01
Cash Interest Paid	-	-	0	0.01	0.01	0.01
Levered Free Cash Flow	-	-1.15	1.5	-0.3	-0.09	-0.02
Unlevered Free Cash Flow	-	-1.21	1.47	-0.3	-0.08	-0.01
Change in Working Capital	0.01	0.13	0.11	0.12	-0.05	0.07

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