| Cash Flow for Bell Microproducts Inc. (BELM) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2005 | 12/2004 | 12/2003 | 12/2002 | 12/2001 | | | Net Income | 481 | 11,337 | (4,474) | (7,054) | (22,107) | | Depreciation & Amortization | 10,996 | 13,794 | 12,246 | 10,803 | 10,323 | | Deferred Income Taxes | (6,454) | (393) | (1,111) | (235) | (3,976) | | Operating Losses | 7,370 | 9,603 | 7,922 | 13,275 | 12,839 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (43,919) | (33,148) | (16,415) | 32,391 | 8,375 | | Decrease in Inventories | (28,775) | (3,873) | (56,218) | 21,210 | 66,324 | | Decrease in Other Current Assets | 2,748 | (2,076) | 478 | (99) | 1,133 | | Increase in Payables | (28,081) | 10,856 | 24,486 | (34,617) | (17,234) | | Increase in Other Current Liabilities | (6,507) | 13,406 | (12,605) | (9,418) | (7,614) | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | - | - | - | - | - | | Net Cash from Continuing Operations | (93,685) | 19,446 | (41,935) | 26,373 | 36,765 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (93,685) | 19,446 | (41,935) | 26,373 | 36,765 | | | | Sale of Property, Plant, Equipment | 23,162 | 54 | 53 | 1,794 | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (4,518) | (4,353) | (3,528) | (11,143) | (12,542) | | Acquisitions | (5,083) | (34,606) | (5,867) | - | (10,793) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | 864 | - | - | - | | Cash from Investing Activities | 13,561 | (38,041) | (9,342) | (9,349) | (23,335) | | | Issuance of Debt | 114,953 | 128,453 | 25,611 | 9,545 | 62,548 | | Issuance of Capital Stock | 5,242 | 4,304 | 40,056 | 20,658 | 4,852 | | | Repayment of Debt | (22,481) | (106,226) | (21,773) | (37,673) | (87,000) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 97,714 | 26,531 | 43,894 | (7,470) | (19,600) | | | | Effect of Exchange Rate Changes | (957) | 454 | 262 | 1,163 | 13 | | Net Change in Cash | 16,633 | 8,390 | (7,121) | 10,717 | (6,157) | | | Cash at Beginning of Year | 13,294 | 4,904 | 12,025 | 1,308 | 7,465 | | Cash at End of Period | 29,927 | 13,294 | 4,904 | 12,025 | 1,308 | | | |
