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<br />TENEX ENTERPRISES, INC. <br />STATEMENT OF CASH FLOWS <br />FOR THE YEAR ENDED DECEMBER 31, 2009 <br /> <br />Cash Flows from Operating Activities: <br />Net income <br />Adjustments to reconcile net income <br />to net cash provided by operating activities: <br />Depreciation <br />(Increase) decrease in: <br />Contract receivables <br />Costs and estimated earnings in excess of <br />billings on uncompleted contracts <br />Prepaid expenses <br /> <br />$ 66,581 <br /> <br />101,446 <br /> <br />(208,131) <br /> <br />456,253 <br />(68,425) <br /> <br />Increase (decrease) in: <br />Accounts payable & accrued expenses <br />Income tax payable <br />Deferred income tax payable <br />Billings in excess of costs and estimated earnings <br />on uncompleted contracts <br /> <br />51,944 <br />21,106 <br />11,865 <br /> <br />o <br /> <br />Net Cash Provided By Operating Activities <br /> <br />432,639 <br /> <br />Cash Flows from Investing Activities: <br />Purchases of property and equipment <br />Credit line <br />Installment loan payments <br /> <br />(56,726) <br />(250,000) <br />(93,060) <br /> <br />(399,786) <br /> <br />Net increase In Cash <br /> <br />32,853 <br /> <br />Cash-December 31, 2008 <br /> <br />375,419 <br /> <br />Cash at December 31,2009 <br /> <br />$ <br /> <br />408,272 <br /> <br />See accompanying notes to financial statements <br />