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<br />~ <br /> <br />~ <br /> <br />COASTAL CONTRACTING AND DEVELOPMENT, INC. <br />STATEMENT OF CASH FLOWS <br />YEAR ENDED DECEMBER 31, 2010 <br /> <br />6 <br /> <br />CASH FLOWS FROM OPERATING ACTIVITIES <br /> <br />Net cash used in operating activities <br /> <br />$ (190.267) <br /> 4.750 <br /> (80,270) <br /> 228,085 <br /> 20,794 <br /> (78,982) <br /> (2.371 ) <br /> (5,766) <br /> 6,000 <br /> (708) <br /> 46,832 <br /> (13,254) <br /> (65.157) <br /> <br />Net Loss <br />Adjustments to reconcile net income to net <br />cash used in operating activities: <br />Depreciation <br />Deferred income taxes <br /> <br />(Increase) decrease in: <br />Contract receivables <br />Other receivables <br />Costs and estimated earnings in excess of <br />billings on uncompleted contracts <br /> <br />c <br /> <br />Increase (decrease) in: <br />Accounts payable <br />Income tax payable <br />Litigation settlement payable <br />Accrued expenses <br />Accrued estimated losses on uncompleted contracts <br />Billings in excess of costs and estimated <br />earnings on uncompleted contracts <br /> <br />c <br /> <br />See accompanying notes and independent accountants' review report. <br />