The Pegasus Companies, Incorporated (PEGX)

The Pegasus Companies Balance Sheet

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

Fiscal Year	TTM	FY 2005	FY 2004	FY 2003	FY 2002	FY 2001
Period Ending	Sep 30, 2006	Dec 31, 2005	Dec 31, 2004	Dec 31, 2003	Dec 31, 2002	Dec 31, 2001
Cash & Equivalents	4.98	29.54	29.2	35.83	59.81	144.67
Short-Term Investments	6.71	5.27	23.49	47.1	-	-
Cash & Short-Term Investments	11.69	34.81	52.68	82.92	59.81	144.67
Cash Growth	-70.11%	-33.93%	-36.47%	38.63%	-58.66%	-32.51%
Accounts Receivable	0.11	0.06	0.07	4.74	27.24	34.74
Other Receivables	0.09	0.29	2.84	0.69	9.52	12.92
Receivables	0.19	0.35	2.92	5.43	36.76	47.66
Prepaid Expenses	1.09	1.32	0.72	5.11	8.2	14.22
Restricted Cash	5.58	-	-	62.52	0.44	9.99
Other Current Assets	-	-	-	45.36	22.99	33.11
Total Current Assets	18.55	36.48	56.32	201.34	128.21	249.64
Property, Plant & Equipment	22.35	21.03	18.66	32.08	85.06	91.81
Long-Term Investments	-	-	-	-	66.2	50.3
Goodwill	-	-	-	15	15.8	15.8
Other Intangible Assets	122.26	129.98	142.79	171.23	1,738	1,902
Long-Term Deferred Charges	-	-	-	-	23	29.9
Other Long-Term Assets	0.92	0.7	1.63	1,615	46.66	36.13
Total Assets	164.08	188.17	219.4	2,035	2,103	2,376
Accounts Payable	1	0.34	0.97	3.89	16.77	10.87
Accrued Expenses	2.71	1.3	6.73	38.56	165.61	173.81
Current Portion of Long-Term Debt	0.22	0.21	0.16	3.13	5.75	8.73
Other Current Liabilities	0.88	2.28	1.15	126.79	7.2	4.76
Total Current Liabilities	4.82	4.13	9.01	172.37	195.33	198.17
Long-Term Debt	9.62	7.9	8.13	1,385	1,283	1,330
Other Long-Term Liabilities	0.22	0.08	414.55	70.51	46.17	78.38
Total Liabilities	14.66	12.11	431.69	1,628	1,525	1,606
Common Stock	0.14	0.13	0.13	0.13	0.12	0.06
Additional Paid-In Capital	-	1,416	1,412	1,391	1,147	1,006
Retained Earnings	-1,252	-1,224	-1,610	-1,063	-873.21	-711.31
Treasury Stock	-	-2.66	-2.67	-10.37	-3.84	-0.07
Comprehensive Income & Other	1,398	-16.4	-15.47	-13.35	-	1.01
Total Common Equity	146.49	173.14	-215.22	304.1	269.79	296
Minority Interest	2.91	2.91	2.91	85.96	98.68	184.82
Shareholders' Equity	149.42	176.07	-212.29	406.8	577.69	769.37
Total Liabilities & Equity	164.08	188.17	219.4	2,035	2,103	2,376
Total Debt	9.84	8.12	8.29	1,388	1,289	1,339
Net Cash (Debt)	1.85	26.69	44.39	-1,305	-1,229	-1,194
Net Cash Growth	-94.03%	-39.87%	-	-	-	-
Net Cash Per Share	14.17	204.69	360.25	-11425.79	-10146.66	-10620.69
Filing Date Shares Outstanding	0.13	0.13	0.13	0.11	0.11	0.12
Total Common Shares Outstanding	0.13	0.13	0.13	0.11	0.12	0.12
Working Capital	13.74	32.35	47.31	28.96	-67.12	51.48
Book Value Per Share	1112.63	1322.19	-1650.25	2677.97	2342.31	2501.90
Tangible Book Value	24.24	43.16	-358.01	117.87	-1,484	-1,622
Tangible Book Value Per Share	184.07	329.59	-2745.15	1037.98	-12880.29	-13710.03
Land	-	5.5	5.5	6.01	6.04	6.37
Buildings	-	9.74	9.69	16.67	25	26.25
Machinery	30.38	13.24	9.01	37.01	118.76	105.91

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