NetTalk.com Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2014	FY 2013	FY 2012	FY 2011	FY 2011
Period Ending	Sep '15 Sep 30, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011	Sep '11 Sep 30, 2011
Net Income	-3.4	-2.84	-4.79	-14.72	-28.41	-26.18
Depreciation & Amortization	0.23	0.24	0.3	0.26	0.33	0.36
Other Amortization	-	-	0.95	-	1.26	0.33
Loss (Gain) From Sale of Assets	0.24	-	-	-	-	-
Stock-Based Compensation	-	-	-	-	-0.22	-0.22
Other Operating Activities	0.33	-	-0	6.17	18.47	18.57
Change in Accounts Receivable	0.08	0.09	0.3	0.1	-0.56	-0.7
Change in Inventory	0.99	0.45	0.34	0.74	-1	-1.34
Change in Accounts Payable	-0.02	-0.29	0.22	1.32	0.32	0.67
Change in Unearned Revenue	-0.19	0.2	-0.39	0.56	1.4	0.93
Change in Other Net Operating Assets	1.59	0.76	0.49	0.31	0.73	0.48
Operating Cash Flow	-0.14	-1.39	-2.58	-5.25	-7.68	-7.1
Capital Expenditures	-0.12	-0.11	-0.04	-0.3	-2.65	-2.61
Sale (Purchase) of Intangibles	-0.14	-0.38	-	-	-	-
Other Investing Activities	-	0.07	-0.07	-0.01	0.17	1.86
Investing Cash Flow	-0.26	-0.42	-0.11	-0.32	-2.48	-0.75
Short-Term Debt Issued	-	0.16	0.09	-	-	-
Long-Term Debt Issued	-	1.65	2.44	3.88	-	10.5
Total Debt Issued	0.28	1.81	2.53	3.88	10.5	10.5
Total Debt Repaid	-0.09	-	-	-	-	-
Net Debt Issued (Repaid)	0.19	1.81	2.53	3.88	10.5	10.5
Issuance of Common Stock	0.16	0.29	0.13	0.25	0.62	-
Repurchase of Common Stock	-	-	-	-	-0.37	-
Preferred Dividends Paid	-	-	-	-	-0.09	-0.09
Dividends Paid	-	-	-	-	-0.09	-0.09
Other Financing Activities	-	-	0.01	-	-	-
Financing Cash Flow	0.35	2.1	2.66	4.12	10.66	10.41
Net Cash Flow	-0.05	0.3	-0.02	-1.44	0.5	2.56
Free Cash Flow	-0.26	-1.49	-2.61	-5.55	-10.33	-9.71
Free Cash Flow Margin	-5.59%	-29.51%	-43.37%	-95.88%	-291.85%	-356.88%
Free Cash Flow Per Share	-0.00	-0.02	-0.04	-0.10	-0.38	-0.49
Cash Interest Paid	0.17	0.17	0.17	0.01	0.15	0.15
Levered Free Cash Flow	0.33	-0.51	-2.38	-4.26	-	-10.35
Unlevered Free Cash Flow	0.81	-0.11	-2.4	-2.07	-	-10.01
Change in Working Capital	2.45	1.21	0.97	3.03	0.89	0.04

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