GOLD RESERVE LTD.
Cash Flow Statement
| Line Item | FY2011 | FY2010 | FY2009 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $-23.6M | $-21.6M | $-100.0M |
| Depreciation & Amortization | — | — | — |
| Depreciation | $68.2K | $132.7K | $213.9K |
| Amortization | — | — | — |
| Stock-Based Compensation | — | — | — |
| Net Cash from Operating Activities | $-17.9M | $-20.4M | $-15.1M |
| Investing Activities | |||
| Capital Expenditures | $50.5K | $9.5M | $17.8M |
| Business Acquisitions | — | — | — |
| Net Cash from Investing Activities | $17.4M | $17.6M | $-15.1M |
| Financing Activities | |||
| Dividends Paid | — | — | — |
| Stock Repurchases | — | — | — |
| Net Cash from Financing Activities | $15.1K | $43.7K | $-408.2K |
| Net Change in Cash | $-509.1K | $-2.8M | $-30.6M |
| Free Cash Flow | $-17.9M | $-29.9M | $-32.9M |