Mestek Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Dec '11 Dec 31, 2011	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007
Net Income	8.68	5.45	4.47	5.44	1.63
Depreciation & Amortization	4.19	5.07	6.6	6.42	7.46
Loss (Gain) From Sale of Assets	0.9	-0.09	0.01	-0.69	-1.33
Asset Writedown & Restructuring Costs	-	0.17	1.06	1.8	-
Loss (Gain) on Equity Investments	-	-	-1.72	1.45	6.74
Stock-Based Compensation	0.2	-	-	-	-
Provision & Write-off of Bad Debts	1.15	0.62	-0.4	-1	-0.03
Other Operating Activities	10.48	4.67	1.88	1.34	-1.49
Change in Accounts Receivable	-0.1	-3.82	8.41	5.25	2.04
Change in Inventory	0.01	7.35	17.65	-0.42	7.17
Change in Accounts Payable	-0.95	-2.95	2.43	-2.97	-8.14
Change in Other Net Operating Assets	-1.32	7.5	-12.93	1.82	2.47
Operating Cash Flow	22.76	19.75	27.63	18.61	16.55
Operating Cash Flow Growth	15.23%	-28.51%	48.45%	12.45%	229.75%
Capital Expenditures	-2.05	-3.38	-3.4	-7.38	-9.52
Sale of Property, Plant & Equipment	0.48	0.12	-	1.91	3.71
Cash Acquisitions	-	-	0.09	-	-
Other Investing Activities	1.98	-	-1.38	-2.23	-6.74
Investing Cash Flow	0.41	-3.26	-4.68	-7.69	-12.55
Short-Term Debt Repaid	-0.13	-8.81	-	-	-
Long-Term Debt Repaid	-1.11	-4.34	-21.35	-10.54	-1.98
Total Debt Repaid	-1.23	-13.15	-21.35	-10.54	-1.98
Net Debt Issued (Repaid)	-1.23	-13.15	-21.35	-10.54	-1.98
Repurchase of Common Stock	-1.24	-3.55	-0.2	-1.52	-2.5
Financing Cash Flow	-2.48	-16.7	-21.55	-12.05	-4.48
Foreign Exchange Rate Adjustments	-0.47	0.16	-0.05	-0.12	0.37
Net Cash Flow	20.22	-0.04	1.34	-1.26	-0.11
Free Cash Flow	20.71	16.37	24.23	11.23	7.03
Free Cash Flow Growth	26.49%	-32.41%	115.71%	59.85%	-
Free Cash Flow Margin	6.80%	5.83%	7.98%	3.01%	1.86%
Free Cash Flow Per Share	2.74	2.06	3.04	1.39	0.85
Cash Interest Paid	1.24	0.85	1.01	1.99	3.57
Cash Income Tax Paid	1.28	1.11	1.8	3.43	1.59
Levered Free Cash Flow	17.14	19.28	26.63	10.6	10.08
Unlevered Free Cash Flow	17.29	19.67	27.28	11.66	12.12
Change in Working Capital	-2.36	8.07	15.56	3.68	3.54

Updated Aug 7, 2012. Source: S&P Global Market Intelligence. Standard template. Financial Sources.