Universal Media Group Cash Flow Statement

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

Millions USD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Jan '08 Jan 31, 2008	Apr '07 Apr 30, 2007	Apr '06 Apr 30, 2006	Apr '05 Apr 30, 2005	Apr '04 Apr 30, 2004	Apr '03 Apr 30, 2003
Net Income	-15.75	-12.72	9.23	-19.09	-6.24	-4.67
Depreciation & Amortization	0.15	0.17	0.28	0.32	0.31	0.34
Other Amortization	1.08	0.04	0.01	-	-	-
Loss (Gain) From Sale of Assets	-	-0.05	-0.14	-	-	-
Asset Writedown & Restructuring Costs	-	-	0.15	-	-	-
Stock-Based Compensation	1.65	1.88	0.13	0.38	0.17	0.02
Provision & Write-off of Bad Debts	-	-	0.02	0.22	0.01	0.05
Other Operating Activities	1.29	0.06	-16.55	13.43	1.89	0.12
Change in Accounts Receivable	-	-	0.53	0.72	-0.04	-0.26
Change in Inventory	-	-	0.23	-0.28	0.14	-0.37
Change in Accounts Payable	0.46	0.08	0.01	-0.91	0.6	0.31
Change in Other Net Operating Assets	0.27	0.04	0.23	-0.32	-0.57	0.15
Operating Cash Flow	-10.83	-10.51	-5.86	-5.54	-3.72	-4.31
Capital Expenditures	-0.09	-0.22	-0.35	-0.22	-0.08	-0.13
Sale of Property, Plant & Equipment	-	0.05	0.35	0.02	-	-
Investing Cash Flow	-0.09	-0.17	-0	-0.2	-0.08	-0.13
Short-Term Debt Issued	-	7.41	-	-	-	0.06
Long-Term Debt Issued	-	-	-	1.43	3.15	2.24
Total Debt Issued	11.61	7.41	-	1.43	3.15	2.3
Short-Term Debt Repaid	-	-	-	-	-	-0.36
Long-Term Debt Repaid	-	-0.32	-0.27	-1.32	-0.48	-0.1
Total Debt Repaid	-0.33	-0.32	-0.27	-1.32	-0.48	-0.46
Net Debt Issued (Repaid)	11.28	7.09	-0.27	0.11	2.67	1.84
Issuance of Common Stock	0.31	2.5	6.44	2	1.62	-
Repurchase of Common Stock	-	-0	-	-	-	-
Preferred Dividends Paid	-	-	-0.59	-	-	-
Dividends Paid	-	-	-0.59	-	-	-
Other Financing Activities	-0.31	-0.31	-	-	-0.01	-
Financing Cash Flow	11.28	9.28	5.58	15.71	4.27	1.84
Net Cash Flow	0.35	-1.4	-0.29	9.98	0.48	-2.6
Free Cash Flow	-10.93	-10.73	-6.21	-5.76	-3.8	-4.44
Free Cash Flow Margin	-11082.61%	-34064.41%	-	-	-	-172.16%
Cash Interest Paid	0.11	0.11	0.18	0.46	0.4	0.27
Cash Income Tax Paid	0.02	-	-	-	-	-
Levered Free Cash Flow	-6.1	-6.21	-3.76	-1.74	-2.03	-2.87
Unlevered Free Cash Flow	-5.63	-6.13	-3.66	-0.9	-1.45	-2.58
Change in Working Capital	0.74	0.12	1	-0.79	0.13	-0.17

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