| Cash Flow for CAE INC (CGT) | | | | | | | Cash Flow | in Thousands of Dollars | | | 03/2008 | 03/2007 | 03/2006 | 03/2005 | 03/2004 | | | Net Income | 148,440 | 110,481 | 60,719 | (165,317) | 51,157 | | Depreciation & Amortization | 58,909 | 47,696 | 44,961 | - | - | | Deferred Income Taxes | 25,663 | (12,314) | 5,138 | (94,195) | 1,601 | | Operating Losses | (7,388) | (9,019) | 428 | 274,729 | (21,195) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (9,818) | (16,477) | (17,642) | 44,575 | (16,239) | | Decrease in Inventories | (20,317) | (12,835) | (4,282) | 15,465 | (14,486) | | Decrease in Other Current Assets | - | - | - | 23,570 | 3,660 | | Increase in Payables | 4,277 | 19,512 | 52,240 | (34,982) | (42,999) | | Increase in Other Current Liabilities | 19,053 | 23,848 | 45,989 | 21,750 | (6,633) | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 14,290 | 37,290 | - | - | - | | Net Cash from Continuing Operations | 241,858 | 206,047 | 202,282 | 153,822 | 7,319 | | Net Cash from Discontinued Operations | 11,762 | 1,474 | 1,798 | 17,863 | (2,973) | | Cash from Operating Activities | 253,621 | 207,521 | 204,080 | 171,685 | 4,346 | | | | Sale of Property, Plant, Equipment | - | - | - | 197,984 | 17,002 | | Sale of Short Term Investments | - | - | - | - | 1,982 | | | Purchase of Property, Plant, Equipment | (184,213) | (139,706) | (111,418) | (97,586) | (72,047) | | Acquisitions | (40,634) | (3,816) | 2,227 | (11,413) | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (25,177) | (7,631) | (23,637) | 24,645 | 71,742 | | Cash from Investing Activities | (250,024) | (154,448) | (134,797) | 108,833 | 18,679 | | | Issuance of Debt | 137,163 | 39,718 | 27,490 | 221,388 | 400,489 | | Issuance of Capital Stock | 13,512 | 8,672 | 6,851 | 2,977 | 134,487 | | | Repayment of Debt | (36,357) | (35,035) | (82,557) | (486,690) | (495,865) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | (9,527) | (8,499) | (8,307) | (19,848) | (20,890) | | Other Financing Charges, Net | (5,735) | (1,821) | 9,934 | 579 | (4,651) | | Cash from Financing Activities | 99,057 | 3,035 | (45,560) | (278,947) | 13,571 | | | | Effect of Exchange Rate Changes | (97) | 3,816 | (6,937) | (1,902) | (2,440) | | Net Change in Cash | 102,557 | 59,924 | 16,785 | (331) | 34,156 | | | Cash at Beginning of Year | 146,009 | 70,330 | 52,669 | 51,191 | 13,037 | | Cash at End of Period | 248,566 | 130,253 | 69,454 | 50,861 | 47,193 | | | |
