provide trend analysis and red flags

Red Plag: Red flags become apparent by inconsistent time interest earned in 2012. Particularly in 2012 the ratio was 2.43 and the secount directly responsible is the sudden increase is NI+TE+ TTE. NI+IE+ITE had an increase in 2012 and according to the SEC could not be considered reliable since Bankrate engineered and publicly reported false accounting entries to improperiy: recognize revenue; and () reverse accrued expenses and allowances (CAC Pg.816 [PDF Pg. 19]). As a result income before taxes can't be considered reliable and expenses may be full of incurred expenses 4. Cash flow adequacy (restated and unrestated) Cash Flow from Operations / Long Term Debt + Fixed Asset Purchased + Dividends Pald): 2013-2012 (unrestated) 2013 2012 Changes in OCF & LT+FA+ DP Op. Cash Flow S105,303 $77,281 $28,022 28,022/77,281 - 36.26% increase LT+FA+ DP $309,951 5203,967 S105,984 105,984/203,951 - 51.97% Increase OCF/LT+FA+DP 0.34 0.38 -0.04 (0.34-0.3810.38 = -10.53% increase Cash Flow from Operations / LT Debt + FA Purchased + DP): 2012-2011 (unrestated) 2012 2011 Changes in OCF & LT + FA - DP Op Cash Flow $77,281 548,315 $28.966 28,966/48,315 59.95% increase LT+FA - DP 5203,967 S202,678 $1,289 1,289/202,678 0.64% increase OCF /LT+FA+DP 0.38 0.24 0.14 (0.38-0.24 0.24 58.33% increase Cash Flow from Operations / LT Debt + FA Purchased + DP): 2013-2012 (restated) 2013 2012 Changes in OCF & LT+FA+DP Op. Cash Flow S101,887 $69,949 $31.938 31,938/69,949 - 45.66% increase LT+FA+ DP $308,279 S202,267 8106,012 106,012/202,267 $2.41% increase OCF/LT+FA+DP 0.33 0.36 -0.03 (033-0361036-8.33% decrease Cash Flow from Operations LT Debt+FA Purchased + DP): 2012-2011 Crestated) 2012 2011 Changes in OCE &LT FA+ DP Op. Cash Flow $69.949 547.820 522.123 22.123:47,82646 2696 increase LT+FA+DP $202,267 201.610 657 657/201.610 0.3346 increase were per Manda 31, 2014 1004 12 Oprema Det $ 1.215 5 1300 S 141,01 ESP 4743211 230.se Coat of mecelles deprecated LIN SOS CORT 323.00 17.00 24,00 Padastradas de Generatie (4) Legal (5) 55 12.50 24917 223394 10,54 13,097 9,035 4999 11,24 9,290 29,90 67,717 252,175 21,566 17.10 263 31,878 1 17468 0.1123 2405 159 0656 1 41.345 601 207 17,014 3,199 372 Aarathanattai milapan Rearring charge Change in the value of contingene que cedenti Depron and to Thelande Inne fortes 1,407 1430 17.30 147 IT 140 127.905 1 SI 2.461 14.596 5,190 5941 5.231 397.47 SES 45 20,831 4285 2351 24979 17,175 1174 20484 15,513 38,776 23,533 4303 362,037 42.299 31,806 16 627 (6,140 5,590 Low on early extinguish of debt Inco (a) before anes Income tax expense defin Netice continuing operation Netlos discontine operation, 5,406 4374 011 3,701 I 13.723 7415 (13 OS 33,009 (23,25 2.21 TES 1.27 EN 953) 2146 (11,730) 1,137 1971 1290 THEO 1.191 2.149 HER S 0245 (1.10 0.193 5.172 Netcome la Other Pencil Data Basic and diluted income) sur 12.1 (21,5 $ Bade- cunting operation Dilated continuing parties 0.045 0.04 0.25 (0.00) 5 (0.00 s 71 10.30) (0.00% 0.10) 00 (9.12) 0.13 10.30) Malatial amage camuna out Bax Diluted 100X16.490 1010 101 101 LIKE 100607375 100 100.450 12,417.27 100,10316 100,1013316 W.985,710 100,101.450 10,67 94.187 71,494,223 71.490 5 16,863 12.328 49 5 5430225 Adjuste BITDA (6) Cashew Data Centaulay para 122,75 119,1415 112.577 72.531 5 12:35 101.55 70,00 0.550 (0323 47.238 5 31,732 971 15.00 Us 10.7 060,116) Nel cash provided by cared opening activida Netcased in ingivities Net each (ured in provided by financing activities Ralace Sheet Data Cashian Working capital For ME inc 47,75 77,190 (11.17 366,165 5 243.2915 SHE'S 115273 INESCE WETTE 0,125 103 3X7 270031 315011 BILO 141,721 5 17.213 338.35 41.17 347,175 341.373 Goodwill -5558XS 75,914 375 564,185 ILIR OG 78312 37.70 6014 LIAL457 63737 1312.025 1.341 L117.044 32 135 ST Te There Arte 1 EUM FEE DREY TE UPD w AM TILL TH HD US LINE HO SEN MORE 11 RETO chan . ECO G DO IT DE LE ' 1 NET 1 A 14 1117 HE w A TE MAI I M HU A RE FRITT AL Red Plag: Red flags become apparent by inconsistent time interest earned in 2012. Particularly in 2012 the ratio was 2.43 and the secount directly responsible is the sudden increase is NI+TE+ TTE. NI+IE+ITE had an increase in 2012 and according to the SEC could not be considered reliable since Bankrate engineered and publicly reported false accounting entries to improperiy: recognize revenue; and () reverse accrued expenses and allowances (CAC Pg.816 [PDF Pg. 19]). As a result income before taxes can't be considered reliable and expenses may be full of incurred expenses 4. Cash flow adequacy (restated and unrestated) Cash Flow from Operations / Long Term Debt + Fixed Asset Purchased + Dividends Pald): 2013-2012 (unrestated) 2013 2012 Changes in OCF & LT+FA+ DP Op. Cash Flow S105,303 $77,281 $28,022 28,022/77,281 - 36.26% increase LT+FA+ DP $309,951 5203,967 S105,984 105,984/203,951 - 51.97% Increase OCF/LT+FA+DP 0.34 0.38 -0.04 (0.34-0.3810.38 = -10.53% increase Cash Flow from Operations / LT Debt + FA Purchased + DP): 2012-2011 (unrestated) 2012 2011 Changes in OCF & LT + FA - DP Op Cash Flow $77,281 548,315 $28.966 28,966/48,315 59.95% increase LT+FA - DP 5203,967 S202,678 $1,289 1,289/202,678 0.64% increase OCF /LT+FA+DP 0.38 0.24 0.14 (0.38-0.24 0.24 58.33% increase Cash Flow from Operations / LT Debt + FA Purchased + DP): 2013-2012 (restated) 2013 2012 Changes in OCF & LT+FA+DP Op. Cash Flow S101,887 $69,949 $31.938 31,938/69,949 - 45.66% increase LT+FA+ DP $308,279 S202,267 8106,012 106,012/202,267 $2.41% increase OCF/LT+FA+DP 0.33 0.36 -0.03 (033-0361036-8.33% decrease Cash Flow from Operations LT Debt+FA Purchased + DP): 2012-2011 Crestated) 2012 2011 Changes in OCE &LT FA+ DP Op. Cash Flow $69.949 547.820 522.123 22.123:47,82646 2696 increase LT+FA+DP $202,267 201.610 657 657/201.610 0.3346 increase were per Manda 31, 2014 1004 12 Oprema Det $ 1.215 5 1300 S 141,01 ESP 4743211 230.se Coat of mecelles deprecated LIN SOS CORT 323.00 17.00 24,00 Padastradas de Generatie (4) Legal (5) 55 12.50 24917 223394 10,54 13,097 9,035 4999 11,24 9,290 29,90 67,717 252,175 21,566 17.10 263 31,878 1 17468 0.1123 2405 159 0656 1 41.345 601 207 17,014 3,199 372 Aarathanattai milapan Rearring charge Change in the value of contingene que cedenti Depron and to Thelande Inne fortes 1,407 1430 17.30 147 IT 140 127.905 1 SI 2.461 14.596 5,190 5941 5.231 397.47 SES 45 20,831 4285 2351 24979 17,175 1174 20484 15,513 38,776 23,533 4303 362,037 42.299 31,806 16 627 (6,140 5,590 Low on early extinguish of debt Inco (a) before anes Income tax expense defin Netice continuing operation Netlos discontine operation, 5,406 4374 011 3,701 I 13.723 7415 (13 OS 33,009 (23,25 2.21 TES 1.27 EN 953) 2146 (11,730) 1,137 1971 1290 THEO 1.191 2.149 HER S 0245 (1.10 0.193 5.172 Netcome la Other Pencil Data Basic and diluted income) sur 12.1 (21,5 $ Bade- cunting operation Dilated continuing parties 0.045 0.04 0.25 (0.00) 5 (0.00 s 71 10.30) (0.00% 0.10) 00 (9.12) 0.13 10.30) Malatial amage camuna out Bax Diluted 100X16.490 1010 101 101 LIKE 100607375 100 100.450 12,417.27 100,10316 100,1013316 W.985,710 100,101.450 10,67 94.187 71,494,223 71.490 5 16,863 12.328 49 5 5430225 Adjuste BITDA (6) Cashew Data Centaulay para 122,75 119,1415 112.577 72.531 5 12:35 101.55 70,00 0.550 (0323 47.238 5 31,732 971 15.00 Us 10.7 060,116) Nel cash provided by cared opening activida Netcased in ingivities Net each (ured in provided by financing activities Ralace Sheet Data Cashian Working capital For ME inc 47,75 77,190 (11.17 366,165 5 243.2915 SHE'S 115273 INESCE WETTE 0,125 103 3X7 270031 315011 BILO 141,721 5 17.213 338.35 41.17 347,175 341.373 Goodwill -5558XS 75,914 375 564,185 ILIR OG 78312 37.70 6014 LIAL457 63737 1312.025 1.341 L117.044 32 135 ST Te There Arte 1 EUM FEE DREY TE UPD w AM TILL TH HD US LINE HO SEN MORE 11 RETO chan . ECO G DO IT DE LE ' 1 NET 1 A 14 1117 HE w A TE MAI I M HU A RE FRITT AL