Varca Ventures, Inc. (VRCV)

Varca Ventures Cash Flow Statement

Financials in millions USD. Fiscal year is March - February.

Fiscal Year	TTM	FY 2012	FY 2011	FY 2010
Period Ending	Aug 31, 2012	Feb 29, 2012	Feb 28, 2011	Feb 28, 2010
Net Income	-3.32	-2.4	-1.46	-0.97
Depreciation & Amortization	0.02	0.02	0.01	0.03
Asset Writedown & Restructuring Costs	-	-	-	0.03
Stock-Based Compensation	1.45	0.88	0.03	-
Other Operating Activities	0.07	0.08	-	-
Change in Accounts Payable	0.29	0.21	0.6	0.22
Change in Other Net Operating Assets	0	0	-	-
Operating Cash Flow	-1.48	-1.22	-0.82	-0.7
Capital Expenditures	-	-0.01	-0.02	-0.06
Cash Acquisitions	0	0	-	-
Other Investing Activities	-	-	-0.11	-0.03
Investing Cash Flow	0	-0.01	-0.13	-0.09
Long-Term Debt Issued	-	0.95	0.85	0.1
Long-Term Debt Repaid	-	-0.17	-0.01	-
Net Debt Issued (Repaid)	0.67	0.78	0.84	0.1
Issuance of Common Stock	0.75	0.77	0.11	0.68
Financing Cash Flow	1.42	1.55	0.95	0.78
Net Cash Flow	-0.06	0.33	0	-0
Free Cash Flow	-1.48	-1.23	-0.84	-0.76
Free Cash Flow Per Share	-0.22	-0.25	-0.46	-0.49
Cash Interest Paid	0.06	0.05	-	-
Levered Free Cash Flow	-	-0.65	-0.29	-
Unlevered Free Cash Flow	-	-0.57	-0.23	-
Change in Working Capital	0.29	0.22	0.6	0.22

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