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Technology Stocks : McLeod, Inc. (MCLD) ---- IPO -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (1008)	11/14/2001 11:25:37 PM
From: Softechie	Respond to of 1418

Cash flow numbers: Nine Months Ended September 30, --------------------------------------- 2001 2000 --------- -------- Cash Flows from Operating Activities Net loss............................................................................... $(3,413.2) $ (336.4) Adjustments to reconcile net loss to net cash (used in) provided by operating activities: Depreciation.......................................................................... 280.0 142.7 Amortization.......................................................................... 191.4 134.1 Accretion of interest on senior discount notes........................................ 36.1 31.7 Gain on the sale of assets............................................................ (121.7) --- Restructuring, asset impairment and other charges..................................... 2,926.8 --- Changes in assets and liabilities, net of acquisitions: Trade receivables................................................................. (26.3) (59.0) Inventory......................................................................... 10.2 (3.2) Deferred expenses................................................................. 0.4 (3.6) Prepaid expenses and other........................................................ 8.5 49.2 Accounts payable and accrued expenses............................................. (255.8) 32.0 Deferred revenue.................................................................. (13.5) 23.1 Customer deposits................................................................. (18.6) 17.4 --------- -------- NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES............................. (395.7) 28.0 --------- -------- Cash Flows from Investing Activities Purchases of property and equipment.................................................... (578.4) (876.5) Other assets........................................................................... (47.6) (32.4) Available-for-sale securities: Purchases............................................................................. (69.6) (556.9) Sales................................................................................. 129.4 34.4 Maturities............................................................................ --- 1,232.3 Proceeds from the sale of assets....................................................... 132.8 --- Business acquisitions.................................................................. (21.8) (25.3) Other.................................................................................. (3.7) (42.8) --------- -------- NET CASH USED IN INVESTING ACTIVITIES........................................... (458.9) (267.2) --------- -------- Cash Flows from Financing Activities Net proceeds from long-term debt....................................................... 909.3 554.6 Payments on long-term debt............................................................. (15.4) (313.2) Net proceeds from issuance of common stock............................................. 34.7 42.0 Payments of preferred stock dividends.................................................. (26.3) (17.5) --------- -------- NET CASH PROVIDED BY FINANCING ACTIVITIES...................................... 902.3 265.9 --------- -------- NET INCREASE IN CASH AND CASH EQUIVALENTS...................................... 47.7 26.7 Cash and cash equivalents: Beginning.............................................................................. 15.7 326.9 --------- -------- Ending................................................................................. $ 63.4 $ 353.6 ========= ======== Supplemental Disclosure of Cash Flow Information: Cash payment for interest.............................................................. $216.8 $117.6 ====== ====== Supplemental Schedule of Noncash Investing and Financing Activities Capital leases incurred for the acquisition of property and equipment.................. $ 9.8 $ 7.7 ====== ======