| Cash Flow for Canadian Pacific Railway Ltd. (CP) | | | | After Hours: $ 26.98 |  -1.66 (-5.80%) | Volume: 7.6 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 | 952,729 | 683,544 | 466,840 | 344,194 | 309,511 | | Depreciation & Amortization | 475,257 | 398,383 | 382,741 | 339,277 | 296,158 | | Deferred Income Taxes | 38,967 | 64,638 | 221,854 | 109,592 | 24,842 | | Operating Losses | (144,692) | (88,673) | (86,334) | (112,259) | 14,750 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 71,087 | (86,698) | (53,142) | (32,503) | 36,719 | | Decrease in Inventories | (28,898) | (13,563) | (12,555) | (29,586) | 1,941 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (45,814) | (343) | 33,622 | 93,591 | (59,930) | | Increase in Other Current Liabilities | 54,272 | 13,391 | 12,039 | (3,834) | (61,405) | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | (61,421) | (82,664) | (78,337) | (74,006) | (325,347) | | Net Cash from Continuing Operations | 1,323,671 | 902,178 | 903,497 | 655,052 | 252,996 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 1,323,671 | 902,178 | 903,497 | 655,052 | 252,996 | | | | Sale of Property, Plant, Equipment | 15,003 | 83,952 | 11,351 | 8,501 | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (899,363) | (681,312) | (760,496) | (561,545) | (533,008) | | Acquisitions | (1,502,899) | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | 201 | 1,888 | 1,720 | (2,084) | (26,317) | | Cash from Investing Activities | (2,531,649) | (595,472) | (747,425) | (555,128) | (559,324) | | | Issuance of Debt | 1,988,628 | 2,404 | - | 161,430 | 543,255 | | Issuance of Capital Stock | 30,610 | 57,169 | 27,345 | 2,084 | 1,553 | | | Repayment of Debt | (188,995) | (21,803) | (235,957) | (13,418) | (292,355) | | Repurchase of Capital Stock | (232,695) | (245,846) | (69,308) | - | - | | Payment of Cash Dividends | (134,018) | (96,484) | (76,961) | (68,089) | (62,725) | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 1,463,529 | (304,560) | (354,881) | 82,007 | 189,728 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 255,551 | 2,146 | (198,809) | 181,931 | (116,600) | | | Cash at Beginning of Year | 125,158 | 104,553 | 303,545 | 112,259 | 221,168 | | Cash at End of Period | 380,709 | 106,699 | 104,736 | 294,190 | 104,568 | | | |
