| Cash Flow for Depomed Inc. (DEPO) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 49,219 | (39,659) | (24,467) | (26,874) | (30,015) | | Depreciation & Amortization | 865 | 1,380 | 1,139 | 1,444 | 893 | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | - | - | (150) | 964 | 827 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 5,459 | (7,125) | (1,956) | 278 | 23 | | Decrease in Inventories | 1,220 | (3,582) | (865) | - | - | | Decrease in Other Current Assets | 338 | (1,648) | (514) | 196 | (192) | | Increase in Payables | (6,318) | 8,670 | 81 | (204) | (4,911) | | Increase in Other Current Liabilities | (260) | 11,660 | 55,549 | 670 | 75 | | Decrease in Other Working Capital | (38,203) | 32 | - | - | - | | Other Non-Cash Items | 2,341 | 2,572 | - | - | - | | Net Cash from Continuing Operations | 14,661 | (27,700) | 28,817 | (23,268) | (33,148) | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 14,661 | (27,700) | 28,817 | (23,268) | (33,148) | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | 31,646 | 52,611 | 30,166 | 28,316 | 25,779 | | | Purchase of Property, Plant, Equipment | (156) | (774) | (791) | (2,673) | (1,123) | | Acquisitions | - | (20,072) | - | - | - | | Purchase of Short Term Investments | (67,476) | - | (64,197) | (21,558) | (41,369) | | Other Investment Changes, Net | - | - | - | - | (5) | | Cash from Investing Activities | (35,986) | 31,764 | (34,822) | 4,086 | (16,718) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | - | 2,945 | 22,389 | 419 | 58,818 | | | Repayment of Debt | - | - | (9,771) | (328) | (441) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 21,125 | - | - | - | - | | Cash from Financing Activities | 21,125 | 2,945 | 12,618 | 91 | 58,377 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (200) | 7,009 | 6,612 | (19,091) | 8,511 | | | Cash at Beginning of Year | 14,574 | 7,566 | 953 | 20,045 | 11,533 | | Cash at End of Period | 14,374 | 14,574 | 7,566 | 953 | 20,045 | | | |
