Margo Caribe Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2005	FY 2004	FY 2003
Period Ending	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004	Dec '03 Dec 31, 2003
Net Income	-2.2	-0.62	-1.49
Depreciation & Amortization	0.49	0.38	0.4
Other Amortization	0.02	-	-
Loss (Gain) From Sale of Assets	0	-0	0.06
Asset Writedown & Restructuring Costs	0.31	-	-
Loss (Gain) on Equity Investments	-0.08	-0.11	-0.08
Stock-Based Compensation	0.03	0.03	0
Provision & Write-off of Bad Debts	0.19	0.07	0.2
Other Operating Activities	0.55	0.37	0.51
Change in Accounts Receivable	1.05	-1.02	0.39
Change in Inventory	-0.93	0.04	-0.35
Change in Accounts Payable	-0.53	0.34	-0.04
Change in Other Net Operating Assets	-0.13	0.14	-0.35
Operating Cash Flow	-1.24	-0.37	-0.73
Capital Expenditures	-0.27	-0.42	-1.51
Sale of Property, Plant & Equipment	0.15	0.01	-
Cash Acquisitions	-2.66	-	-
Investment in Securities	-	-0.17	0.24
Other Investing Activities	0.46	-	0.03
Investing Cash Flow	-2.32	-0.59	-1.24
Short-Term Debt Issued	3.6	-	-
Long-Term Debt Issued	3.97	1.66	1.06
Total Debt Issued	7.57	1.66	1.06
Short-Term Debt Repaid	-0.15	-	-
Long-Term Debt Repaid	-3.83	-0.61	-0.16
Total Debt Repaid	-3.98	-0.61	-0.16
Net Debt Issued (Repaid)	3.59	1.05	0.9
Issuance of Common Stock	0.02	0.13	0.16
Financing Cash Flow	3.61	1.18	1.06
Net Cash Flow	0.04	0.23	-0.92
Free Cash Flow	-1.51	-0.79	-2.24
Free Cash Flow Margin	-15.66%	-9.39%	-26.61%
Free Cash Flow Per Share	-0.54	-0.29	-0.85
Cash Interest Paid	0.47	0.11	0.07
Levered Free Cash Flow	-0.52	-0.77	-2.06
Unlevered Free Cash Flow	-0.24	-0.7	-2.01
Change in Working Capital	-0.56	-0.5	-0.35

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