Frontline Ltd.

(NYSE:FRO)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Cash Flow Statement
Cash At Beginning Of Period 168,432 168,432 168,432 197,181
Cash At End Of Period 240,451 126,223 128,711 168,432
Net Change In Cash And Cash Equivalents 72,019 -42,209 -39,721 -28,749
Effect Of Exchange Rate Changes — — — —
Net Income Or Loss 647,218 539,372 220,974 570,418
Cash From Operating Activities
Depreciation Expenses 165,228 108,681 54,782 221,246
Amortization Expenses — — — 810
Amortization Of Intangibles Expenses — — — —
Deferred Income Taxes — — — —
Operating Gains Or Losses -167,710 -174,705 -35,562 -314,595
Extraordinary Gains Or Losses — — — —
Increase Or Decrease In Receivables — — — 21,287
Increase Or Decrease In Inventories — — — -11,772
Increase Or Decrease In Prepaid Expenses — — — 3,341
Increase Or Decrease In Other Current Assets — — — 3,341
Increase Or Decrease In Payables — — — -17,068
Increase Or Decrease In Other Current Liabilities — — — 47,830
Increase Or Decrease In Other Working Capital — — — 19,682
Other Non Cash Items 37,013 -43,703 -26,193 7,483
Net Cash From Continuing Operations 13,948 -6,659 -3,458 -2,852
Net Cash From Discontinued Operations 695,697 422,986 210,543 545,810
Net Cash From Operating Activities — — — —
Cash From Investing Activities
Sale Of Property Plant And Equipment 128,264 128,264 21,416 503,407
Sale Of Long Term Investments — — — 116,631
Sale Of Short Term Investments — — — —
Purchase Of Property Plant And Equipment -603,195 -333,538 -91,547 -337,774
Acquisitions — -38,520 10,941 38,308
Purchase Of Long Term Investments — — — -60,510
Purchase Of Short Term Investments — — — —
Other Investing Changes Net -8,159 12,460 13,157 -8,925
Cash From Discontinued Investing Activities — — — —
Net Cash From Investing Activities -483,090 -231,334 -46,033 251,137
Cash From Financing Activities
Issuance Of Debt 208,123 886 — —
Issuance Of Capital Stock -184,177 -87,875 -46,048 -295,470
Repayment Of Debt — — — —
Repurchase Of Capital Stock -602,969 -369,392 -163,621 -656,008
Payment Of Cash Dividends — — — -1,406
Net Other Financing Charges — — — -1,406
Cash From Discontinued Financing Activities — — — —
Net Cash From Financing Activities -140,588 -233,861 -204,231 -825,696