True North Energy Corp. (TNEN)

True North Energy Cash Flow Statement

Financials in millions USD. Fiscal year is May - April.

Fiscal Year	TTM	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Oct 31, 2008	Apr 30, 2008	Apr 30, 2007	Apr 30, 2006	Apr 30, 2005	Apr 30, 2004
Net Income	-2.38	-11.78	-9.07	-0.12	-0.01	-0.23
Depreciation & Amortization	0.98	0.77	0.01	0	-	-
Other Amortization	0.76	0.52	-	-	-	-
Stock-Based Compensation	0.24	9.1	1.64	-	-	-
Other Operating Activities	0.69	0.69	6.2	-	-	-
Change in Accounts Receivable	0.26	-0.27	-	-	-	-
Change in Accounts Payable	-0.23	0.06	0.05	0.07	-	-
Change in Other Net Operating Assets	-0.31	0.44	-0.07	-	-	0.01
Operating Cash Flow	0.02	-0.48	-1.25	-0.05	0.03	-0.22
Capital Expenditures	-0.26	-2.93	-6.7	-	-	-
Sale (Purchase) of Intangibles	-	-	-0.02	-	-	-
Investing Cash Flow	-0.26	-2.93	-6.72	-	-	-
Long-Term Debt Issued	-	4.68	0.25	-	-	-
Total Debt Issued	0.43	4.68	0.25	-	-	0.22
Long-Term Debt Repaid	-	-0.71	-0.05	-	-	-
Net Debt Issued (Repaid)	-0.21	3.97	0.2	-	-	0.22
Issuance of Common Stock	-	-	8	0.05	-	0
Other Financing Activities	-0.03	-0.59	-	-	-	-
Financing Cash Flow	-0.24	3.38	8.2	0.05	-	0.22
Net Cash Flow	-0.49	-0.04	0.23	0	0.03	0
Free Cash Flow	-0.25	-3.41	-7.95	-0.05	0.03	-0.22
Free Cash Flow Margin	-13.53%	-278.59%	-	-	-	-
Free Cash Flow Per Share	-1.76	-25.17	-62.97	-0.44	0.55	-4.32
Cash Interest Paid	0.53	0.26	0	-	-	-
Levered Free Cash Flow	0.12	1.44	-10.98	-	-	-
Unlevered Free Cash Flow	0.18	1.48	-10.97	-	-	-
Change in Net Working Capital	0.27	-1.07	0.33	-	-	-

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