| Cash Flow for Check Point Software Technologies Ltd. (CHKP) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 281,064 | 278,027 | 319,684 | 248,393 | 243,879 | | Depreciation & Amortization | 8,541 | 5,707 | 5,352 | 5,519 | 6,030 | | Deferred Income Taxes | (19,323) | (3,150) | 2,789 | 257 | (556) | | Operating Losses | 983 | 1,328 | 3,745 | 27,718 | - | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (29,003) | (14,230) | (31,123) | (20,644) | (1,524) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | 4,761 | 3,934 | (328) | - | - | | Increase in Payables | (3,929) | 2,300 | (320) | 922 | (365) | | Increase in Other Current Liabilities | 47,429 | 48,217 | 41,485 | 18,106 | 25,685 | | Decrease in Other Working Capital | 521 | 1,309 | - | 9 | 84 | | Other Non-Cash Items | 44,224 | 34,101 | - | - | - | | Net Cash from Continuing Operations | 375,005 | 367,522 | 357,992 | 302,040 | 290,885 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 375,005 | 367,522 | 357,992 | 302,040 | 290,885 | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | 595,590 | 898,883 | 774,883 | 921,265 | 760,438 | | | Purchase of Property, Plant, Equipment | (16,727) | (44,890) | (4,873) | (4,500) | (2,971) | | Acquisitions | (597,638) | (14,371) | - | (95,343) | - | | Purchase of Short Term Investments | (187,720) | (603,133) | (809,928) | (1,082,890) | (1,183,323) | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (206,495) | 236,489 | (39,918) | (261,468) | (425,856) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 24,640 | 51,934 | 54,942 | 34,481 | 17,710 | | | Repayment of Debt | - | (1,833) | - | - | - | | Repurchase of Capital Stock | (209,757) | (435,491) | (236,929) | (244,586) | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 6,828 | 2,291 | - | - | - | | Cash from Financing Activities | (178,289) | (383,099) | (181,987) | (210,105) | 17,710 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (9,779) | 220,912 | 136,087 | (169,533) | (117,261) | | | Cash at Beginning of Year | 519,443 | 298,531 | 162,444 | 327,188 | 444,449 | | Cash at End of Period | 509,664 | 519,443 | 298,531 | 157,655 | 327,188 | | | |
