| Cash Flow for CABOT OIL & GAS CORP. (COG) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 167,423 | 321,175 | 148,445 | 88,378 | 21,132 | | Depreciation & Amortization | 143,951 | 128,975 | 108,458 | 103,343 | 94,903 | | Deferred Income Taxes | 95,152 | 52,011 | 39,628 | 31,769 | (9,837) | | Operating Losses | 26,324 | (182,620) | 77,909 | 70,764 | 160,169 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 21,310 | 28,265 | (42,494) | (39,404) | (17,397) | | Decrease in Inventories | 5,644 | (8,381) | (567) | (5,808) | (2,989) | | Decrease in Other Current Assets | (14,908) | 1,007 | 996 | 2,764 | (9,045) | | Increase in Payables | 1,052 | (29,694) | 29,803 | 17,231 | 7,041 | | Increase in Other Current Liabilities | (1,281) | 18,398 | 2,382 | 3,985 | (2,339) | | Decrease in Other Working Capital | (22,427) | (8,306) | - | - | - | | Other Non-Cash Items | 39,897 | 36,274 | - | - | - | | Net Cash from Continuing Operations | 462,137 | 357,104 | 364,560 | 273,022 | 241,638 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 462,137 | 357,104 | 364,560 | 273,022 | 241,638 | | | | Sale of Property, Plant, Equipment | 7,061 | 329,474 | 996 | 119 | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (557,211) | (516,827) | (351,306) | (207,346) | (122,018) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (39,772) | - | (61,840) | (48,130) | (29,838) | | Cash from Investing Activities | (589,922) | (187,353) | (412,150) | (255,357) | (151,856) | | | Issuance of Debt | 175,000 | 205,000 | 265,000 | 187,000 | 248,655 | | Issuance of Capital Stock | 5,099 | 6,235 | 4,586 | 12,474 | 6,728 | | | Repayment of Debt | (65,000) | (305,000) | (195,000) | (187,000) | (341,000) | | Repurchase of Capital Stock | (10,670) | (46,492) | (19,183) | (15,631) | - | | Payment of Cash Dividends | - | (7,751) | (7,213) | (5,206) | (5,043) | | Other Financing Charges, Net | - | 9,485 | - | - | - | | Cash from Financing Activities | 104,429 | (138,523) | 48,190 | (8,363) | (90,660) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (23,356) | 31,228 | 600 | 9,302 | (878) | | | Cash at Beginning of Year | 41,854 | 10,626 | 10,026 | 724 | 1,602 | | Cash at End of Period | 18,498 | 41,854 | 10,626 | 10,026 | 724 | | | |
