Reflectkote Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2008	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Dec '08 Dec 31, 2008	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004	Dec '03 Dec 31, 2003
Net Income	-1.65	-2.5	-7.34	-3.18	-9.57
Depreciation & Amortization	0	0	0.01	0	-
Asset Writedown & Restructuring Costs	-	-	-	0.8	-
Stock-Based Compensation	-	0.28	5.12	1.52	9.25
Provision & Write-off of Bad Debts	-	0.04	0.55	0.02	-
Other Operating Activities	-	0.82	-0.04	-	-
Change in Accounts Receivable	0.07	0.1	-0.03	-0.29	-
Change in Inventory	0.48	0.12	-0.26	-0.25	-
Change in Accounts Payable	1.73	1.26	0.43	0.64	0.06
Change in Other Net Operating Assets	-0.32	0.08	-0.01	0.12	-0.2
Operating Cash Flow	0.31	0.11	-1.72	-0.61	-0.46
Operating Cash Flow Growth	185.30%	-	-	-	-
Capital Expenditures	-	-	-0	-0	-
Cash Acquisitions	-	-	-0.53	-0.86	-
Investing Cash Flow	-	-	-0.53	-0.86	-
Long-Term Debt Issued	-	-	1.24	0.71	-
Long-Term Debt Repaid	-	-0.08	-0	-	-0.01
Total Debt Repaid	-0.34	-0.08	-0	-	-0.01
Net Debt Issued (Repaid)	-0.34	-0.08	1.24	0.71	-0.01
Issuance of Common Stock	-	-	1.01	0.7	0.48
Financing Cash Flow	-0.34	-0.08	2.25	1.44	0.47
Net Cash Flow	-0.03	0.03	-0	-0.03	0.01
Free Cash Flow	0.31	0.11	-1.72	-0.62	-0.46
Free Cash Flow Growth	185.30%	-	-	-	-
Free Cash Flow Margin	15.01%	4.67%	-87.52%	-72.08%	-
Free Cash Flow Per Share	0.00	0.07	-1.90	-3.93	-6.81
Levered Free Cash Flow	-	0.92	0.69	0.44	-
Unlevered Free Cash Flow	-	1.01	0.79	0.46	-
Change in Working Capital	1.96	1.56	0.12	0.21	-0.14

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