| Cash Flow for AT&T Inc. (T) | | | | After Hours: $ 30.70 |  -0.06 (-0.20%) | Volume: 164.39 k | 7:59 PM EDT Aug 21, 2008 | | | | | | | Cash Flow | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 11,951 | 7,356 | 4,786 | 5,887 | 8,505 | | Depreciation & Amortization | 21,577 | 9,907 | 7,643 | 7,564 | 7,870 | | Deferred Income Taxes | (240) | (87) | (658) | 646 | 3,444 | | Operating Losses | 1,210 | (437) | 158 | (3,860) | (6,050) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (1,491) | 519 | (94) | (81) | (154) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | (1,020) | 30 | 34 | (102) | (148) | | Increase in Payables | 672 | (2,213) | 84 | 777 | 521 | | Increase in Other Current Liabilities | - | - | (3) | - | - | | Decrease in Other Working Capital | (173) | - | - | - | - | | Other Non-Cash Items | 1,617 | 568 | 1,045 | 156 | (446) | | Net Cash from Continuing Operations | 34,072 | 15,615 | 12,974 | 10,955 | 13,517 | | Net Cash from Discontinued Operations | - | - | (310) | 1,141 | - | | Cash from Operating Activities | 34,072 | 15,615 | 12,664 | 12,096 | 13,517 | | | | Sale of Property, Plant, Equipment | - | - | 2,030 | 6,622 | 3,020 | | Sale of Short Term Investments | 471 | 3 | 99 | 549 | 248 | | | Purchase of Property, Plant, Equipment | (17,717) | (8,320) | (5,576) | (5,099) | (5,219) | | Acquisitions | (1,279) | 1,124 | - | (74) | (8) | | Purchase of Short Term Investments | - | - | - | (135) | (710) | | Other Investment Changes, Net | 36 | 4 | 2,473 | (22,610) | (436) | | Cash from Investing Activities | (18,506) | (8,293) | (974) | (20,747) | (3,105) | | | Issuance of Debt | 11,367 | 5,140 | 1,973 | 9,859 | - | | Issuance of Capital Stock | 1,986 | 589 | 432 | 216 | 102 | | | Repayment of Debt | (10,183) | (4,244) | (6,801) | (881) | (4,246) | | Repurchase of Capital Stock | (10,390) | (2,678) | (2,571) | (448) | (490) | | Payment of Cash Dividends | (8,743) | (5,153) | (4,256) | (4,141) | (4,539) | | Other Financing Charges, Net | (51) | 218 | (3) | - | - | | Cash from Financing Activities | (16,014) | (6,128) | (11,226) | 4,605 | (9,173) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (448) | 1,194 | 464 | (4,046) | 1,239 | | | Cash at Beginning of Year | 2,418 | 1,224 | 760 | 4,806 | 3,567 | | Cash at End of Period | 1,970 | 2,418 | 1,224 | 760 | 4,806 | | | |
