Whitebeard Inc. (WHIB)

Whitebeard Cash Flow Statement

Financials in millions USD. Fiscal year is August - July.

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Jan 31, 2008	Jul 31, 2007	Jul 31, 2006	Jul 31, 2005	Jul 31, 2004	Sep 30, 2003
Net Income	-3.13	-3.67	-1.85	-2.45	-1.02	-0.68
Depreciation & Amortization	0	0.01	0.02	0.03	0.02	0.01
Other Amortization	0.17	0.17	-	-	-	-
Asset Writedown & Restructuring Costs	0.07	0.07	-	-	-	-
Stock-Based Compensation	0.56	0.96	0.66	0.58	-	-
Other Operating Activities	0.31	0.2	0.13	0.25	-	-
Change in Accounts Receivable	0	0.2	-0.17	0.2	-0.06	-0.19
Change in Accounts Payable	0.26	0.22	0.43	0.22	0.13	0.09
Change in Other Net Operating Assets	1.4	1.12	0.15	0.43	0.14	-0.12
Operating Cash Flow	-0.36	-0.73	-0.64	-0.74	-0.79	-0.89
Capital Expenditures	-	-	-	-0.02	-0.03	-0.01
Sale (Purchase) of Intangibles	-0.06	-0.07	-0.04	-0.06	-	-
Investing Cash Flow	-0.06	-0.07	-0.04	-0.08	-0.03	-0.01
Short-Term Debt Issued	-	0.43	-	-	0.42	0.9
Long-Term Debt Issued	-	0.34	0.3	0.38	0.59	-
Total Debt Issued	0.42	0.77	0.3	0.38	1	0.9
Short-Term Debt Repaid	-	-	-	-0.05	-0.16	-
Long-Term Debt Repaid	-	-	-0.01	-	-	-
Total Debt Repaid	-	-	-0.01	-0.05	-0.16	-
Net Debt Issued (Repaid)	0.42	0.77	0.29	0.33	0.84	0.9
Other Financing Activities	-	-	0.45	0.14	-	-
Financing Cash Flow	0.42	0.77	0.74	0.78	0.84	0.9
Foreign Exchange Rate Adjustments	-0.02	-0.03	0	-0	0	0
Miscellaneous Cash Flow Adjustments	0	0	-	-	-	-
Net Cash Flow	-0.01	-0.06	0.06	-0.04	0.03	0
Free Cash Flow	-0.36	-0.73	-0.64	-0.76	-0.81	-0.89
Free Cash Flow Margin	-	-	-50.55%	-86.16%	-106.78%	-311.50%
Free Cash Flow Per Share	-2.96	-6.15	-5.83	-7.21	-34.23	-
Levered Free Cash Flow	0.2	0.12	0.12	-0.15	-	-
Unlevered Free Cash Flow	0.69	0.55	0.58	0.24	-	-
Change in Working Capital	1.66	1.54	0.41	0.85	0.21	-0.21

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