EFTA01093222.pdf

Landmark Land Company Cash Flow Conservative Cash Flow from Operations 2011.2024 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2016 2019 2020 2021 2022 2023 2024 Telal Cash from Prgectr. South Padre (I) 4.309.000 5229.000 1.428.000 (2.077.190) (944.126) (1.400.000) (1.364.000) (20.000) 731.000 570.000 934.000 880.003 1.138.000 1.655.000 1.776.000 1.903.003 1.960.090 2.018.893 2,079,459 2.141.643 18.379.285 Apes 1141 Club -(Apes Hit Phase II Only) (4800.000) 1.190.000 4.014.000 10.091.000 113.888.030 22.470.000 29.587.000 37.233.000 41,530.000 163.001.000 Hana. Hawaii 1.620.000 1.620.200 1.620.000 1.620.000 1.080.000 7.580.000 CarveViludson Valley (2) Total Preseel Cash Flew 4.309.000 1229.000 1.428.000 (2.077.190) (944.126) (1.400.000) (1,364.030) (24.000) 731.000 3.380.000 6.568.000 12.571.000 19.644.000 25.205.000 31.383.000 39.136.000 43.490.090 2.018,893 2.079.459 2.141.843 137.210.000 Fee Income South Padre 997.332 1.4132.335 1.085.224 546.721 307.469 270.000 333.000 480.000 555,000 618.000 684,000 709.000 719.000 712.000 730.000 ma.000 8.287.000 12.575.000 Apes 1141 Club -(Apes HII Phase II Only) 1.991.221 1.319.625 2.478.693 536881 543.000 1.321.000 1.1281.000 1.823.000 1.640.000 1.381.000 1.231.000 1.269.000 10.689.000 Apes 1141 Receivable (288.003) 543.500 815.250 141.250 1.500.000 Carve/Hudson Varlet 420.000 280.030 75,000 849.000 1.859.000 1.396.000 1.277.000 1.649.000 989.000 1.243.000 1,090,000 1.090.000 11.517.000 Other 1.892.557 1.324.055 2.702.526 773.182 681.142 160.000 98.000 98.880 101.846 104.902 108.049 111290 114.629 118.028 121.610 125258 129.016 132,888 136873 140.979 1.640.287 Total Fee Income 3.109.889 5.077.611 5.087.975 3.798.576 1.525.472 142.000 429.000 1.122.380 2890.096 2.185.152 2.473.049 3292290 4.332.629 3.607.068 3.359.610 3.791.258 1.118.016 7.682.886 1.226873 1.230.979 28.682.532 Tots Sources of Cash 7.418.889 6.303.611 8.513.975 1.721.388 581.346 (1.258,003) (935.000) 1.098.380 2.621.096 5.585.152 9.041,049 15.883290 23.976.629 28.812,068 34.722.610 42.927.258 44.808.1013 9.681.779 3.306.333 3.372.623 224.861.573 Corporate Level Expenses Corporal. Payroll 2,933.801 3352.703 3.963.672 4.161.189 2.738.648 1,868,000 1255.000 1.255.000 2.280.000 2.121.800 2.185.454 2.251.018 2.316.548 2.202.621 2.092.490 1.987.885 1.490.899 745,449 708.177 23.929.321 Other Expenses 712.690 1.042.500 2.457.401 2.049.207 839.314 450,000 270.000 278.100 288.443 295.036 303.887 313.004 322.394 332.068 342.028 352289 362.857 280.307 144,358 148.689 4831.480 Tots 3.848.491 4.385.933 8.421.073 8.210.376 3.575.982 2.318.000 1.525.000 1.533.100 1.541,443 2.355.036 2.425.687 2.498.458 2.573.412 2.650.614 2.544.649 2.444.778 2350.723 1.771206 889,808 856.886 22.092.178 Increase:IDecrease) Public Debt & Payable. (1.150.0001 aco.ocan 600.000 (490,000) 610.000 180.000 290.000 (140.795) (1,085,795) (1,058295) (1.974.885) Landmark After Debt 2.622.198 1611,408 692.902 (4.978.990) (2.3134616) (3.396.000) (2.170.000) (575.515) 213.858 2.151.821 6.615.361 13.364.812 21.101.217 26,161,454 32,177,961 40,482,480 42.257.181 7,910,573 2.416.525 2.515.958 194.925.907 Cumulative 2.622.198 4.233.806 4.926.708 (52,282) (2436.898) (5.812.898) 03.002.enj (8.578.413) (8.3,64.555) (6.212.734) 402,627 13.767.460 15.170.677 61.332.111 93.510.092 131.992.572 176249.955 184.160.528 186.577.053 189.093.009 Inerf(Deer) Mil. Debt 8 RN Stock (41 1.030,00, 1.200,000 2.500,000 3,550.000 220,000 (1815.716) (1,015.7161 (1811.716) 11.014716) (1,011.716) 11.0147161 (1,010.716) (1,018,716) (1.018.116( 11,018.716) (9.987.156) Inieresi Paid on Mil. Debi (73.000) (100.000) (315.030) (187.000) 4120,000) (160.000) 1254,509) (254.5091 (384679) (384673) (5444451 2070.670) (4.785.483) Dividends on common and preferred stock (388.501) (1.021.883) (860.459) 4695.201) Landmark Land Cash Flow 3.160.897 489.545 (502.557) (4.661.021) 44.616) (6,000) (2224.509) (830.024) (188.816) 752.430 5.052201 9.375.448 20384.502 25.143738 31.159.246 39.483.784 41238.868 6.891,857 1.397,809 2.515.956 160.153.288 Cumulative 1.775.000 4,935,897 5.425.442 4.922.285 261.884 257248 251248 (2224.509) (3.054.534) (3.221.350) (2.488.920) 2.583281 11.958.728 32.343.229 57.485.968 88.645.213 128.108.977 169.347.645 176.239.502 177.637312 160.153.288 Investor Loan 2000.000 1,000.000 Cash Flow alley Loan 775.491 169.976 (166.816) 752,430 5.052201 9.375.448 20.384.502 25.142,738 31.159.246 39.483.784 41238.868 6.891,157 1.397.809 2.515.956 184.153.288 Curnulabve 775.491 945.486 778.650 1.531.080 8.583281 15.958.728 38.343.229 61.485.968 92.645.213 132.108,977 173347.645 180.239.502 181.637312 184.153.268 Sales Assumplisas South Padre * of Le4s Sold 115 82 30 4 0 8 6 15 28 31 35 34 30 34 34 34 293 * of Vertcal Units Sold 82 93 96 20 10 10 ID 25 37 34 38 38 38 38 38 38 344 Total N of Unts Sold 197 175 126 24 20 18 16 40 65 65 73 72 72 72 72 72 72 72 72 72 Cumulative N el units sold 397 594 789 895 919 939 957 973 1.013 1.078 1.143 1216 1.288 1,360 1.432 1.504 1.578 1.648 1.720 1.792 1.884 I Apes Ha CIW of LiAs 14 105 a 8 5 8 22 11 11 13 4 4 * of Verbde Unils 2 1 2 5 5 6 8 9 8 8 Total 14 105 10 9 7 13 27 17 19 22 12 12 Cumulative 14 119 129 138 145 158 185 202 221 243 255 267 EFTA01093222