| Cash Flow for CDC Corp. (CHINA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Net Income | 10,840 | (3,536) | (10,560) | 15,524 | (18,231) | | Depreciation & Amortization | 4,385 | 3,861 | 3,721 | 5,293 | 11,340 | | Deferred Income Taxes | 1,082 | 3,724 | 5,897 | - | - | | Operating Losses | (2,216) | 581 | 8,849 | (4,421) | 4,833 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (6,402) | (5,061) | (9,040) | 12,630 | 18,100 | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | (6,353) | 1,210 | (11) | 1,794 | (252) | | Increase in Payables | 3,185 | (419) | 88 | (7,413) | (1,107) | | Increase in Other Current Liabilities | 11,906 | (1,333) | 886 | (13,783) | 60 | | Decrease in Other Working Capital | (2,797) | (2,086) | - | - | - | | Other Non-Cash Items | 7,700 | 1,421 | - | - | - | | Net Cash from Continuing Operations | 39,331 | 12,297 | 10,790 | 13,195 | 15,926 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 39,331 | 12,297 | 10,790 | 13,195 | 15,926 | | | | Sale of Property, Plant, Equipment | - | 4,315 | 663 | 381 | 1,386 | | Sale of Short Term Investments | - | 30,611 | 212,053 | 580,607 | 675,728 | | | Purchase of Property, Plant, Equipment | (17,890) | (11,710) | (3,661) | (1,551) | (5,471) | | Acquisitions | (33,428) | (17,897) | (116,724) | (13,446) | (4,587) | | Purchase of Short Term Investments | - | - | (80,314) | (427,022) | (660,599) | | Other Investment Changes, Net | 7,471 | 2,917 | (8,388) | (20,850) | (15,287) | | Cash from Investing Activities | (51,022) | 8,236 | 3,629 | 118,119 | (8,830) | | | Issuance of Debt | 206,700 | 5,075 | 87,537 | 15,015 | 125,278 | | Issuance of Capital Stock | 8,512 | 1,052 | 4,061 | 8,585 | 724 | | | Repayment of Debt | (45,987) | (42,480) | (51,352) | (121,388) | (116,349) | | Repurchase of Capital Stock | (28,070) | - | - | (11,171) | (4,416) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | (3,460) | - | - | - | - | | Cash from Financing Activities | 137,695 | (36,353) | 40,246 | (108,959) | 5,237 | | | | Effect of Exchange Rate Changes | 3,826 | (695) | 33 | - | - | | Net Change in Cash | 129,829 | (16,515) | 54,698 | 22,355 | 12,333 | | | Cash at Beginning of Year | 93,719 | 110,206 | 55,508 | 33,153 | 20,820 | | Cash at End of Period | 223,548 | 93,691 | 110,206 | 55,508 | 33,153 | | | |
