MSAH Cash Flow Statement

Financials in millions USD. Fiscal year is July - June.

Millions USD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2012	FY 2011	FY 2010	FY 2009	FY 2008
Period Ending	Sep '12 Sep 30, 2012	Jun '12 Jun 30, 2012	Jun '11 Jun 30, 2011	Jun '10 Jun 30, 2010	Jun '09 Jun 30, 2009	Jun '08 Jun 30, 2008
Net Income	11.11	11.2	9.03	5.24	2.74	0.52
Depreciation & Amortization	0.19	0.17	0.06	0.09	0.04	0.02
Stock-Based Compensation	0.03	0.03	0.04	0.54	-	-
Provision & Write-off of Bad Debts	0.03	0.01	0.02	-0	-	-
Other Operating Activities	-	-	-	-0.33	0	-
Change in Accounts Receivable	-2.19	-2.02	-3.89	0.24	-1.86	0.11
Change in Inventory	-3.43	-2.34	-3.27	-8.01	0.09	-0.32
Change in Accounts Payable	-0.29	-0.22	0.06	0.38	-0.03	0.05
Change in Unearned Revenue	-0.02	-0.06	0.07	0.19	-	-
Change in Income Taxes	0.47	0.59	-0.7	0.07	0.06	-0.06
Change in Other Net Operating Assets	-1.05	-0.38	0.55	0.24	-0.57	-0.29
Operating Cash Flow	4.85	6.98	1.97	-1.35	0.48	0.02
Operating Cash Flow Growth	-6.54%	253.63%	-	-	2230.43%	-
Capital Expenditures	-0.18	-0.24	-0.7	-0.36	-0.39	-
Investing Cash Flow	-0.18	-0.24	-0.7	-0.36	-0.39	-
Short-Term Debt Issued	-	1.87	1.87	0.28	0.07	-
Long-Term Debt Issued	-	-	-	1.82	-	0.21
Total Debt Issued	1.87	1.87	1.87	2.1	0.07	0.21
Short-Term Debt Repaid	-	-1.95	-0.36	-0.1	-0.22	-
Long-Term Debt Repaid	-	-	-0.32	-	-	-0.21
Total Debt Repaid	-1.95	-1.95	-0.68	-0.1	-0.22	-0.21
Net Debt Issued (Repaid)	-0.09	-0.09	1.19	2	-0.15	-
Issuance of Common Stock	-	-	4	-	-	-
Financing Cash Flow	-0.09	-0.09	5.19	2	-0.15	-
Foreign Exchange Rate Adjustments	0.16	0.37	0.23	-0	0	0.01
Net Cash Flow	4.75	7.03	6.7	0.29	-0.05	0.03
Free Cash Flow	4.67	6.75	1.28	-1.7	0.1	0.02
Free Cash Flow Growth	1.51%	427.66%	-	-	362.94%	-
Free Cash Flow Margin	14.05%	20.21%	3.96%	-7.59%	0.84%	0.69%
Free Cash Flow Per Share	0.10	0.14	0.02	-0.02	0.00	-
Cash Interest Paid	0.16	0.16	0.16	0.02	0.02	0.02
Cash Income Tax Paid	-	-	-	-	0	0.06
Levered Free Cash Flow	0.44	2.18	-2.95	-3.37	-0.97	-
Unlevered Free Cash Flow	0.62	2.38	-2.77	-3.32	-0.97	-
Change in Net Working Capital	6.44	4.68	7.88	6.91	2.31	-

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