| Cash Flow for California Coastal Communities (CALC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (18,900) | 5,600 | 28,400 | 4,800 | 2,900 | | Depreciation & Amortization | - | - | - | - | - | | Deferred Income Taxes | (13,000) | 3,600 | 12,600 | - | - | | Operating Losses | (53,000) | (10,700) | (47,800) | (20,000) | (2,300) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | - | - | - | - | - | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | (1,700) | - | - | - | | Increase in Payables | (1,500) | (4,800) | 800 | 8,300 | 2,800 | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | 900 | - | 1,300 | (3,000) | (2,500) | | Other Non-Cash Items | 32,300 | (3,000) | - | 500 | - | | Net Cash from Continuing Operations | (53,100) | (10,900) | (4,600) | (9,400) | 900 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (53,100) | (10,900) | (4,600) | (9,400) | 900 | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | 500 | 75,300 | - | - | - | | | Purchase of Property, Plant, Equipment | - | - | - | - | - | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | - | (45,500) | (30,300) | - | - | | Other Investment Changes, Net | 8,200 | (13,300) | (1,300) | - | - | | Cash from Investing Activities | 8,700 | 16,500 | (31,600) | - | - | | | Issuance of Debt | 93,700 | 174,900 | 109,700 | 49,300 | 23,600 | | Issuance of Capital Stock | - | 3,200 | 300 | 200 | 100 | | | Repayment of Debt | (35,300) | (44,600) | (74,400) | (37,100) | (23,000) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | (135,700) | - | - | - | | Other Financing Charges, Net | (300) | (500) | (700) | (8,700) | 3,900 | | Cash from Financing Activities | 58,100 | (2,700) | 34,900 | 3,700 | 4,600 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 13,700 | 2,900 | (1,300) | (5,700) | 5,500 | | | Cash at Beginning of Year | 10,600 | 7,700 | 9,000 | 14,700 | 9,200 | | Cash at End of Period | 24,300 | 10,600 | 7,700 | 9,000 | 14,700 | | | |
