| Cash Flow for Arena Pharmaceuticals Inc. (ARNA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (143,166) | (86,248) | (67,901) | (57,992) | (47,059) | | Depreciation & Amortization | 7,848 | 7,361 | 6,849 | 7,134 | 5,590 | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | 114 | 8 | 222 | 1,200 | 1,185 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (1,591) | 538 | 21,742 | (22,563) | 3,491 | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | (9,497) | 26,097 | (2,620) | | Increase in Payables | 7,111 | 12,672 | 3,986 | 3,292 | (1,927) | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | (9,005) | (11,090) | - | - | - | | Other Non-Cash Items | 8,069 | 9,752 | - | - | - | | Net Cash from Continuing Operations | (128,148) | (71,017) | (42,859) | (39,161) | (34,577) | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (128,148) | (71,017) | (42,859) | (39,161) | (34,577) | | | | Sale of Property, Plant, Equipment | 21 | 1 | 69 | 8 | 15 | | Sale of Short Term Investments | 65,992 | 57,096 | 153,079 | 132,275 | 200,510 | | | Purchase of Property, Plant, Equipment | (17,423) | (14,231) | (3,581) | (4,415) | (17,286) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | (60,998) | (17,976) | (152,639) | (95,314) | (174,528) | | Other Investment Changes, Net | (188) | 166 | 186 | 786 | 226 | | Cash from Investing Activities | (12,596) | 25,056 | (2,886) | 33,340 | 8,937 | | | Issuance of Debt | 48,455 | - | - | - | 12,612 | | Issuance of Capital Stock | 106,736 | 345,224 | 60,840 | 4,080 | 892 | | | Repayment of Debt | (481) | - | - | (44) | (365) | | Repurchase of Capital Stock | - | - | - | - | (23,070) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | 34,172 | | Cash from Financing Activities | 154,710 | 345,224 | 60,840 | 4,036 | 24,240 | | | | Effect of Exchange Rate Changes | (21) | - | - | - | - | | Net Change in Cash | 13,945 | 299,263 | 15,095 | (1,786) | (1,399) | | | Cash at Beginning of Year | 373,044 | 73,781 | 58,686 | 60,472 | 61,871 | | Cash at End of Period | 386,989 | 373,044 | 73,781 | 58,686 | 60,472 | | | |
