Cash Flow Statement

Currency: USD

	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023
Operating Cash Flow
Net Income	35	0	33	(36)	(81)	(395)	(479)	(442)	(452)	(302)	(286)
Depreciation & Amortization	21	0	14	40	69	101	120	126	122	118	105
Change in Deffered Taxes	(1)	0	(1)	(18)	(25)	(103)	(109)	(100)	(99)	(25)	(22)
Stock-Based Compensation	1	2	0	0	0	0	0	14	32	44	0
Other Non-Cash Items	10	0	10	85	104	482	508	450	450	200	183
Cash Taxes Paid	0	4	3	2	0	0	9	0	0	0	7
Cash Interest Paid	0	20	15	16	0	0	27	0	0	0	43
Change in Working Capital	8	14	5	(32)	(22)	(75)	(47)	(6)	(9)	7	(5)
Cash from Operating Activities	74 N/A	53 -28%	61 +14%	9 -85%	14 +59%	10 -31%	(7) N/A	28 N/A	13 -54%	(2) N/A	(25) -1 239%
Investing Cash Flow
Capital Expenditures	(9)	(6)	(7)	(8)	(10)	(10)	(10)	(10)	(9)	(8)	(8)
Other Items	74	74	0	(423)	(444)	(444)	(444)	0	0	0	211
Cash from Investing Activities	65 N/A	69 +6%	(7) N/A	(431) -6 495%	(454) -5%	(455) 0%	(454) +0%	(31) +93%	(9) +70%	(8) +8%	203 N/A
Financing Cash Flow
Net Issuance of Common Stock	0	0	0	(510)	(505)	(505)	(505)	0	0	0	0
Net Issuance of Debt	(88)	(78)	(13)	265	268	265	263	(19)	(14)	0	(69)
Other	(59)	(57)	(21)	205	206	211	215	(10)	(8)	(6)	(5)
Cash from Financing Activities	(147) N/A	(136) +8%	(35) +75%	(41) -18%	(31) +23%	(30) +5%	(28) +6%	(24) +13%	(22) +10%	(6) +71%	(74) -1 088%
Change in Cash
Effect of Foreign Exchange Rates	(0)	0	0	2	0	(0)	(0)	(2)	(0)	(1)	0
Net Change in Cash	(8) N/A	(13) -62%	20 N/A	(461) N/A	(470) -2%	(474) -1%	(490) -3%	(28) +94%	(18) +35%	(17) +7%	104 N/A
Free Cash Flow
Free Cash Flow	65 N/A	48 -26%	54 +14%	1 -99%	5 +549%	(0) N/A	(18) -3 827%	19 N/A	4 -80%	(10) N/A	(33) -218%

System1 Inc
NYSE:SST