| Cash Flow for Acergy S.A. (ACGY) | | | | | | | Cash Flow | in Thousands of Dollars | | | 11/2007 | 11/2006 | 11/2005 | 11/2004 | 11/2003 | | | Net Income | 153,600 | 236,700 | 139,500 | 5,100 | (418,087) | | Depreciation & Amortization | 77,800 | 58,600 | 58,600 | 65,600 | 93,499 | | Deferred Income Taxes | (4,300) | 4,100 | 2,800 | (13,800) | (5,514) | | Operating Losses | 19,200 | (61,700) | (20,500) | (11,000) | 195,049 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (97,400) | (128,900) | (156,800) | 146,300 | 109,349 | | Decrease in Inventories | (6,600) | 600 | (1,700) | 3,100 | (3,940) | | Decrease in Other Current Assets | - | - | (600) | (17,000) | (11,469) | | Increase in Payables | 36,100 | (5,100) | 106,100 | (134,300) | (59,666) | | Increase in Other Current Liabilities | 68,800 | (43,500) | 138,800 | 93,900 | 50,370 | | Decrease in Other Working Capital | (600) | (16,600) | - | - | - | | Other Non-Cash Items | (18,600) | 8,300 | - | - | - | | Net Cash from Continuing Operations | 249,000 | 38,200 | 271,300 | 152,100 | (27,520) | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 249,000 | 38,200 | 271,300 | 152,100 | (27,520) | | | | Sale of Property, Plant, Equipment | 35,300 | 81,100 | 71,700 | 75,000 | 3,961 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (245,800) | (193,200) | (81,300) | (34,200) | (21,895) | | Acquisitions | - | 1,700 | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (400) | (6,900) | (1,900) | 27,900 | 5,229 | | Cash from Investing Activities | (229,800) | (117,300) | (11,500) | 66,800 | (12,705) | | | Issuance of Debt | - | 490,800 | - | 9,700 | 245,000 | | Issuance of Capital Stock | 14,300 | 10,800 | 5,500 | 165,900 | - | | | Repayment of Debt | - | - | (60,200) | (333,300) | (149,225) | | Repurchase of Capital Stock | (146,800) | (16,500) | - | (10,900) | (1,002) | | Payment of Cash Dividends | (37,500) | - | (16,600) | (3,900) | (2,194) | | Other Financing Charges, Net | (8,700) | (16,300) | - | - | 16,827 | | Cash from Financing Activities | (178,700) | 468,800 | (71,300) | (172,500) | 109,406 | | | | Effect of Exchange Rate Changes | 24,700 | 11,800 | (7,500) | 6,700 | 1,057 | | Net Change in Cash | (134,800) | 401,500 | 181,000 | 53,100 | 70,238 | | | Cash at Beginning of Year | 717,500 | 316,000 | 135,000 | 81,900 | 11,672 | | Cash at End of Period | 582,700 | 717,500 | 316,000 | 135,000 | 81,910 | | | |
