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<br />1< I <br />I <br />~ I <br /> <br />NOT FOR PUBLIC INSPECTIOJ" / DO NOT COPY <br />This tinancial statement is private and exempt from public <br />inspection, or copying of public records pursuant to Florida <br />Metric Engineering, Inc. and Subsidiari~tutes 119.071 (I) (c). <br /> <br />Consolidated Statement of Cash Flows <br />For the Year Ended June 30, 2009 <br /> <br />: I <br /> <br />Cash Flows from Operating Activities: <br />Cash received from contract revenues <br />Cash paid to suppliers and employees <br />Income taxes paid <br />Interest paid <br />Interest earned <br />Net Cash Provided by Operating Activities <br /> <br />$ 39,221,236 <br />(38,908,266) <br />(13,638) <br />(33,590) <br />30,026 <br />295,768 <br /> <br />l] <br /> <br />[ I <br /> <br />Cash Flows from Investing Activities: <br />Investment in Certificate of Deposit <br />Investment in A TEC <br />Purchase of equipment, leasehold improvements, and <br />and computer software <br />Net Cash (Used in) Investing Activities <br /> <br />Net (Decrease) in Cash and Cash Equivalents <br /> <br /> (411,416) <br /> (195,000) <br /> (35,937) <br /> (642,353) <br /> 71,978 <br /> (63,513) <br /> 330,000 <br /> 338,465 <br /> (8,120) <br /> 1,038,011 <br />$ 1,029,891 <br /> <br />~ ] <br />:1 <br />[ I <br />; I <br />~ I <br />! I <br />I <br />II <br />r I <br />L, <br /> <br /> <br />~ I <br />~ 1 <br />J <br />~ 1 <br /> <br />Cash Flows from Financing Activities: <br />Proceeds from long term debt <br />Payments of long term debt <br />Net borrowings <br />Net Cash Provided by Financing Activities <br /> <br />Cash and Cash Equivalents at July 1, 2008 <br />Cash and Cash Equivalents at June 30, 2009 <br /> <br />Reconciliation of Net Income to Net Cash <br />Provided by Operating Activities <br /> <br />Net Income <br />Adjustment to Reconcile Net Income to Net Cash <br />to Net Cash Provided by Operating Activities: <br />Depreciation and amortization <br />(Increase) in accounts receivable <br />Decrease in cost and earnings in excess <br />of billings on uncompleted contracts 172,024 <br />(Increase) in prepaid expenses and other receivables (177,599) <br />Decrease in other assets 89,217 <br />(Decrease) in accounts payable accrued expenses (975,600) <br />(Decrease) in income taxes payable (11,159) <br />Increase in deferred taxes payable 878,580 <br />Total Adjustments (1,180,514) <br /> <br />Net Cash Provided by Operating Activities $ 295,768 <br /> <br />Read the independent accountants' review report and the notes to the financial statements. <br />4 <br /> <br />$ <br /> <br />1,476,282 <br /> <br />331,649 <br />(1,487,626) <br />