Next10, Inc. (NXTN)

Next10 Cash Flow Statement

Financials in millions USD. Fiscal year is September - August.

Fiscal Year	TTM	FY 2005	FY 2004	FY 2003
Period Ending	May 31, 2006	Aug 31, 2005	Aug 31, 2004	Aug 31, 2003
Net Income	-4.93	-3.59	-1.01	-0.31
Depreciation & Amortization	0.18	0.1	0.02	0
Stock-Based Compensation	0.12	0.64	1.66	-
Other Operating Activities	-1.49	-0.72	-2.23	-
Change in Accounts Receivable	0.08	-0.03	0	-0
Change in Inventory	-0.13	-0.22	-0.07	0
Change in Accounts Payable	0.62	0.03	0.52	0.23
Change in Other Net Operating Assets	0.25	0.1	-0.39	0.14
Operating Cash Flow	-4.38	-3.68	-1.5	0.06
Capital Expenditures	-0.19	-0.36	-0.29	-0
Investment in Securities	1.01	3.06	-3.39	-
Investing Cash Flow	0.82	2.7	-3.68	-0
Long-Term Debt Issued	-	-	-	0.06
Long-Term Debt Repaid	-	-	-0.06	-0.01
Net Debt Issued (Repaid)	3.76	-	-0.06	0.05
Issuance of Common Stock	0.02	1.07	5.3	0.05
Repurchase of Common Stock	-	-	-0.02	-
Financing Cash Flow	3.77	1.07	5.22	0.09
Foreign Exchange Rate Adjustments	-0.01	0.01	-0.02	-0.13
Net Cash Flow	0.2	0.1	0.02	0.02
Free Cash Flow	-4.58	-4.04	-1.78	0.06
Free Cash Flow Margin	-2233.17%	-1251.16%	-	-
Cash Interest Paid	-	-	0.01	-
Levered Free Cash Flow	-0.87	-4.46	-1.03	-
Unlevered Free Cash Flow	-1.11	-4.46	-1.02	-
Change in Working Capital	0.83	-0.12	0.06	0.37

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