Sycamore Ventures, Inc. (SYVN)

Sycamore Ventures Cash Flow Statement

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

Fiscal Year	FY 1996	FY 1995
Period Ending	May 31, 1996	May 31, 1995
Net Income	-1.41	-0.89
Depreciation & Amortization	0.09	0.15
Other Amortization	0.15	0.06
Stock-Based Compensation	0.05	-
Provision & Write-off of Bad Debts	0.05	0.15
Change in Accounts Receivable	-0.07	0.08
Change in Inventory	0.12	0.02
Change in Accounts Payable	-0.35	-0.13
Change in Income Taxes	0.08	0.01
Change in Other Net Operating Assets	-0.08	-0
Operating Cash Flow	-1.38	-0.69
Capital Expenditures	-0.04	-0.07
Sale (Purchase) of Intangibles	-0.01	-0.05
Investing Cash Flow	-0.05	-0.12
Short-Term Debt Repaid	-	-0.02
Total Debt Repaid	-	-0.02
Net Debt Issued (Repaid)	-	-0.02
Issuance of Common Stock	1.23	0.77
Financing Cash Flow	1.72	0.75
Foreign Exchange Rate Adjustments	0.01	0.01
Net Cash Flow	0.3	-0.04
Free Cash Flow	-1.42	-0.76
Free Cash Flow Margin	-77.93%	-29.28%
Free Cash Flow Per Share	-84.97	-60.89
Change in Working Capital	-0.3	-0.02

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