New Frontier Energy Cash Flow Statement

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

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Nov '11 Nov 30, 2011	Feb '11 Feb 28, 2011	Feb '10 Feb 28, 2010	Feb '09 Feb 28, 2009	Feb '08 Feb 29, 2008	Feb '07 Feb 28, 2007
Net Income	7.28	-1.07	-10.49	-12.47	-6.4	-4.57
Depreciation & Amortization	0.02	0.04	0.08	8.45	0.73	0.32
Other Amortization	-	-	-	-	0.37	0.91
Loss (Gain) From Sale of Assets	-0.16	-2.7	-0.02	-	-	-
Asset Writedown & Restructuring Costs	0.25	0.1	0.31	-	-	-
Stock-Based Compensation	0.07	0.16	4.25	1.69	2.33	1.39
Provision & Write-off of Bad Debts	-	-	-	0.22	-	-
Other Operating Activities	-12.14	0.08	4.71	0.04	-	0.02
Change in Accounts Receivable	-0.34	-	-	0.17	-0.6	-0.31
Change in Accounts Payable	-0.25	1.47	0.03	0.11	0.16	-0.12
Change in Other Net Operating Assets	0.53	0.17	-0.05	0.07	0.31	-0.16
Operating Cash Flow	-1.94	-1.71	-1.79	-1.72	-3.05	-2.52
Capital Expenditures	-1.72	-0.05	-0.81	-2.26	-5.49	-8.92
Sale of Property, Plant & Equipment	0.61	3.23	0.02	-	-	-
Other Investing Activities	9.58	0.04	1.21	0.03	-0.16	-0.03
Investing Cash Flow	6.85	3.22	0.43	-2.23	-5.65	-8.96
Long-Term Debt Issued	-	-	-	-	-	0.6
Total Debt Issued	-	-	-	-	-	0.6
Long-Term Debt Repaid	-	-0.84	-0.4	-0.44	-0.66	-
Total Debt Repaid	-0.24	-0.84	-0.4	-0.44	-0.66	-
Net Debt Issued (Repaid)	-0.24	-0.84	-0.4	-0.44	-0.66	0.6
Issuance of Common Stock	-	-	1.8	1.98	0.81	1.68
Preferred Dividends Paid	-0.29	-0.08	-0	-0.33	-0.11	-0.04
Dividends Paid	-0.29	-0.08	-0	-0.33	-0.11	-0.04
Other Financing Activities	-2.48	1.86	-0.04	-0.01	-0.46	-0.41
Financing Cash Flow	-3.07	0.94	1.36	1.21	-0.42	23.46
Net Cash Flow	1.84	2.45	-0.01	-2.75	-9.12	11.98
Free Cash Flow	-3.66	-1.76	-2.6	-3.99	-8.54	-11.44
Free Cash Flow Margin	-441.90%	-11198.88%	-21145.55%	-293.98%	-1127.34%	-3168.49%
Free Cash Flow Per Share	-0.05	-0.03	-0.10	-0.32	-1.03	-2.07
Cash Interest Paid	-	-	0.09	0.04	0.07	-
Levered Free Cash Flow	-4.72	-0.71	-0.88	1.11	-5.73	-9.24
Unlevered Free Cash Flow	-4.72	-0.71	-0.88	1.16	-5.81	-9.53
Change in Working Capital	-0.05	1.64	-0.02	0.35	-0.13	-0.59

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