Ultrapetrol (Bahamas) Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2015	FY 2014	FY 2013	FY 2012	FY 2011
Period Ending	Sep '16 Sep 30, 2016	Dec '15 Dec 31, 2015	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011
Net Income	-109.54	-48	-52.28	7.37	-63.66	-18.81
Depreciation & Amortization	41.11	41.27	45.92	39.13	39.09	35.07
Other Amortization	12.31	12.47	9.77	6.12	6.98	6.4
Loss (Gain) From Sale of Assets	-1.2	-	-	-	-3.56	-
Asset Writedown & Restructuring Costs	39.45	8.03	10.51	-	16	-
Loss (Gain) on Equity Investments	0.35	0.82	1.06	0.52	1.18	1.07
Stock-Based Compensation	1.21	1.42	1.07	0.58	0.53	1.08
Provision & Write-off of Bad Debts	0.19	0.23	0.72	2.47	1.27	0.6
Other Operating Activities	15.41	-3.11	-10.92	-2.23	-4.14	-2.89
Change in Accounts Receivable	-0.52	4.93	9.78	-13.91	-6.76	-6.92
Change in Accounts Payable	7.25	-3.95	-8.5	-5.96	18.52	10.32
Change in Other Net Operating Assets	32.67	22.9	28.12	-14.23	-9.36	-11.17
Operating Cash Flow	38.7	37	35.25	19.85	-3.94	14.76
Operating Cash Flow Growth	33.84%	4.95%	77.63%	-	-	-21.90%
Capital Expenditures	-10.32	-24.32	-59.23	-130.14	-50.92	-97.86
Sale of Property, Plant & Equipment	1.78	-	-	-	3.85	-
Other Investing Activities	-	-	17.59	9.41	14.56	-
Investing Cash Flow	-8.54	-24.32	-41.65	-120.73	-32.51	-97.86
Short-Term Debt Issued	-	-	-	-	8.28	10.5
Long-Term Debt Issued	-	31.95	-	310.6	41.13	41.9
Total Debt Issued	-	31.95	-	310.6	49.4	52.4
Short-Term Debt Repaid	-	-	-	-8.28	-	-25.5
Long-Term Debt Repaid	-	-34.44	-32.25	-330.9	-44.84	-13.29
Total Debt Repaid	-20.24	-34.44	-32.25	-339.18	-44.84	-38.79
Net Debt Issued (Repaid)	-20.24	-2.49	-32.25	-28.57	4.56	13.61
Issuance of Common Stock	-	-	-	-	219.12	-
Other Financing Activities	-10.11	0.02	1	-20.14	0.89	-1.98
Financing Cash Flow	-30.34	-2.47	-31.25	-48.71	224.57	11.63
Net Cash Flow	-0.19	10.21	-37.64	-149.59	188.12	-71.47
Free Cash Flow	28.38	12.68	-23.98	-110.29	-54.86	-83.11
Free Cash Flow Margin	9.76%	3.65%	-6.59%	-26.82%	-17.52%	-27.29%
Free Cash Flow Per Share	0.20	0.09	-0.17	-0.79	-1.55	-2.81
Cash Interest Paid	18.48	18.48	28.73	30.34	30.13	26.87
Cash Income Tax Paid	0.92	0.92	0.21	1.21	1.01	0.32
Levered Free Cash Flow	59.06	-6.75	27.72	-133.08	-30.26	-67.51
Unlevered Free Cash Flow	80.04	13.19	47.38	-114.82	-10.11	-47.69
Change in Working Capital	39.4	23.88	29.4	-34.1	2.39	-7.76

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