| Cash Flow for CallWave Inc. (CALL) | | | | | | | Cash Flow | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Net Income | (5,682) | (7,472) | (1,983) | 11,602 | 11,515 | | Depreciation & Amortization | 1,094 | 884 | 778 | 801 | 758 | | Deferred Income Taxes | - | - | 2,929 | (1,265) | (1,664) | | Operating Losses | 45 | 84 | 23 | 1,506 | 1,224 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (46) | (970) | 397 | (3,473) | (1,817) | | Decrease in Inventories | - | - | 140 | (454) | - | | Decrease in Other Current Assets | - | 341 | 335 | 116 | (1,065) | | Increase in Payables | 33 | 226 | (350) | (444) | 340 | | Increase in Other Current Liabilities | (137) | 732 | (1,706) | (812) | 1,051 | | Decrease in Other Working Capital | (64) | - | (456) | - | - | | Other Non-Cash Items | 1,774 | 2,483 | 3,709 | - | - | | Net Cash from Continuing Operations | (2,983) | (3,604) | 3,841 | 7,637 | 10,914 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (2,983) | (3,604) | 3,841 | 7,637 | 10,914 | | | | Sale of Property, Plant, Equipment | 11 | 6 | - | - | - | | Sale of Short Term Investments | 31,643 | 87,639 | 2,970 | 12,200 | - | | | Purchase of Property, Plant, Equipment | (1,627) | (4,939) | (1,372) | (1,086) | (767) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | (18,000) | (83,006) | - | (45,217) | (7,003) | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | 12,027 | (300) | 1,598 | (34,103) | (7,770) | | | Issuance of Debt | - | 163 | - | 39,082 | - | | Issuance of Capital Stock | 496 | - | 1,773 | - | 663 | | | Repayment of Debt | - | - | - | - | - | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | (1,975) | - | | Cash from Financing Activities | 496 | 163 | 1,773 | 37,107 | 663 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 9,540 | (3,741) | 7,212 | 10,641 | 3,807 | | | Cash at Beginning of Year | 20,299 | 24,040 | 16,828 | 6,187 | 2,380 | | Cash at End of Period | 29,839 | 20,299 | 24,040 | 16,828 | 6,187 | | | |
