| Cash Flow for Canadian National Railway Company Fully Paid (CNI) | | | | After Hours: $ 30.625 |  -2.325 (-7.06%) | Volume: 22.6 k | 5:44 PM EST Nov 21, 2008 | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 2,173,000 | 1,791,000 | 1,338,000 | 1,081,000 | 570,000 | | Depreciation & Amortization | 683,000 | 561,000 | 542,000 | 434,000 | 371,000 | | Deferred Income Taxes | (83,000) | 3,000 | 470,000 | 334,000 | 180,000 | | Operating Losses | (274,000) | - | (3,000) | 3,000 | (13,000) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 231,000 | (15,000) | 122,000 | (194,000) | 119,000 | | Decrease in Inventories | 18,000 | (31,000) | (21,000) | 8,000 | (2,000) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (353,000) | 169,000 | (134,000) | 4,000 | (75,000) | | Increase in Other Current Liabilities | - | - | 7,000 | - | (21,000) | | Decrease in Other Working Capital | 39,000 | 54,000 | 6,000 | 18,000 | 36,000 | | Other Non-Cash Items | - | - | - | 94,000 | - | | Net Cash from Continuing Operations | 2,434,000 | 2,532,000 | 2,326,000 | 1,783,000 | 1,164,000 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 2,434,000 | 2,532,000 | 2,326,000 | 1,783,000 | 1,164,000 | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (1,397,000) | (1,114,000) | (1,015,000) | (893,000) | (453,000) | | Acquisitions | 443,000 | (72,000) | - | (1,276,000) | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | 52,000 | 28,000 | 90,000 | 160,000 | (12,000) | | Cash from Investing Activities | (901,000) | (1,158,000) | (924,000) | (2,009,000) | (465,000) | | | Issuance of Debt | 4,200,000 | 2,840,000 | 2,346,000 | 6,898,000 | 3,190,000 | | Issuance of Capital Stock | 78,000 | - | 99,000 | 72,000 | 64,000 | | | Repayment of Debt | (3,614,000) | (2,652,000) | (2,464,000) | (6,316,000) | (3,215,000) | | Repurchase of Capital Stock | (1,595,000) | (1,273,000) | (1,219,000) | (228,000) | (509,000) | | Payment of Cash Dividends | (421,000) | (292,000) | (236,000) | (185,000) | (148,000) | | Other Financing Charges, Net | - | 103,000 | - | - | - | | Cash from Financing Activities | (1,352,000) | (1,274,000) | (1,475,000) | 241,000 | (618,000) | | | | Effect of Exchange Rate Changes | (48,000) | - | - | - | - | | Net Change in Cash | 132,000 | 100,000 | (73,000) | 14,000 | 82,000 | | | Cash at Beginning of Year | 180,000 | 53,000 | 126,000 | 108,000 | 19,000 | | Cash at End of Period | 312,000 | 154,000 | 53,000 | 123,000 | 101,000 | | | |
