Flagstone Reinsurance Holdings Limited

(NYSE:FSR)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Cash Flow Statement
Cash At Beginning Of Period — 362,680 362,680 261,352
Cash At End Of Period — 562,816 710,663 362,680
Net Change In Cash And Cash Equivalents — 200,136 347,983 101,328
Effect Of Exchange Rate Changes — -998 -1,904 10,537
Net Income Or Loss — 74,808 32,860 167,922
Cash From Operating Activities
Depreciation Expenses — — — —
Amortization Expenses — — — —
Amortization Of Intangibles Expenses — — — —
Deferred Income Taxes — — — —
Operating Gains Or Losses — — — —
Extraordinary Gains Or Losses — — — —
Increase Or Decrease In Receivables — — — —
Increase Or Decrease In Inventories — — — —
Increase Or Decrease In Prepaid Expenses — — — —
Increase Or Decrease In Other Current Assets — — — —
Increase Or Decrease In Payables — -223,633 -73,475 -23,168
Increase Or Decrease In Other Current Liabilities — — — —
Increase Or Decrease In Other Working Capital — 279,176 116,093 200,880
Other Non Cash Items — — — —
Net Cash From Continuing Operations — 37,703 30,220 -18,688
Net Cash From Discontinued Operations — — — —
Net Cash From Operating Activities — — — —
Cash From Investing Activities
Sale Of Property Plant And Equipment — — — —
Sale Of Long Term Investments — — — —
Sale Of Short Term Investments — — — —
Purchase Of Property Plant And Equipment — -10,786 -4,830 8,832
Acquisitions — 4,729 — 2,643
Purchase Of Long Term Investments — — — —
Purchase Of Short Term Investments — -1,306,616 -421,375 -2,023,467
Other Investing Changes Net — — -51,885 13,872
Cash From Discontinued Investing Activities — — — —
Net Cash From Investing Activities — 62,548 254,258 -572,389
Cash From Financing Activities
Issuance Of Debt — -364 — 171,644
Issuance Of Capital Stock — -9,195 — -17,063
Repayment Of Debt — — — —
Repurchase Of Capital Stock — -6,825 -3,413 -6,823
Payment Of Cash Dividends — -13,084 -6,656 64,803
Net Other Financing Charges — -13,084 -6,656 64,803
Cash From Discontinued Financing Activities — — — —
Net Cash From Financing Activities — -29,468 -10,069 336,234