| Cash Flow for DENTSPLY International Inc. (XRAY) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 259,654 | 223,718 | 45,413 | 210,286 | 169,853 | | Depreciation & Amortization | 42,628 | 40,419 | 42,031 | 40,841 | 36,897 | | Deferred Income Taxes | 25,568 | 53,700 | (91,777) | 7,058 | 32,411 | | Operating Losses | 874 | 509 | 232,244 | 8,068 | (1,301) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 9,029 | (19,979) | (31,589) | 16,061 | (4,899) | | Decrease in Inventories | (716) | (10,775) | (7,460) | 4,103 | 15,197 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (7,395) | (6,581) | (6,784) | (1,386) | 16,538 | | Increase in Other Current Liabilities | 43,926 | (37,304) | 39,580 | 37,811 | (26,832) | | Decrease in Other Working Capital | 1,258 | 750 | 6,812 | - | (657) | | Other Non-Cash Items | 4,566 | 20,787 | - | - | - | | Net Cash from Continuing Operations | 387,697 | 271,855 | 232,769 | 330,532 | 250,865 | | Net Cash from Discontinued Operations | - | - | - | (24,273) | 7,127 | | Cash from Operating Activities | 387,697 | 271,855 | 232,769 | 306,259 | 257,992 | | | | Sale of Property, Plant, Equipment | 6,327 | 8,180 | 555 | 104,288 | 2,959 | | Sale of Short Term Investments | 73 | 285,638 | - | - | 23,506 | | | Purchase of Property, Plant, Equipment | (65,828) | (52,614) | (45,293) | (56,257) | (78,993) | | Acquisitions | (101,492) | (32,083) | (18,097) | (17,165) | (15,038) | | Purchase of Short Term Investments | (138,471) | (285,412) | - | - | - | | Other Investment Changes, Net | - | - | 20,363 | (5,108) | - | | Cash from Investing Activities | (299,391) | (76,291) | (42,472) | 25,610 | (69,377) | | | Issuance of Debt | 149,500 | 207,567 | - | 14,288 | 634 | | Issuance of Capital Stock | 45,594 | 53,611 | 31,776 | 45,318 | 16,871 | | | Repayment of Debt | (52,709) | (569,573) | (60,246) | (22,151) | (74,015) | | Repurchase of Capital Stock | (125,422) | (293,772) | (164,760) | (37,703) | - | | Payment of Cash Dividends | (25,134) | (21,863) | (19,141) | (15,823) | (14,999) | | Other Financing Charges, Net | 11,414 | 11,461 | - | - | 10,736 | | Cash from Financing Activities | 3,243 | (612,569) | (212,371) | (16,071) | (60,773) | | | | Effect of Exchange Rate Changes | 12,771 | 48,085 | (49,770) | 26,816 | 10,261 | | Net Change in Cash | 104,320 | (368,920) | (71,844) | 342,614 | 138,103 | | | Cash at Beginning of Year | 65,064 | 433,984 | 506,369 | 163,755 | 25,652 | | Cash at End of Period | 169,384 | 65,064 | 434,525 | 506,369 | 163,755 | | | |
