| Cash Flow for Descartes Systems Group Inc. (DSGX) | | | | | | | Cash Flow | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Net Income | 22,443 | 3,987 | 2,989 | (55,331) | (42,752) | | Depreciation & Amortization | 2,424 | 2,200 | 2,098 | 2,328 | 2,782 | | Deferred Income Taxes | (16,000) | - | - | - | - | | Operating Losses | - | - | (1,220) | 24,008 | 8,692 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (1,720) | 602 | 2,455 | 8,382 | (3,963) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (812) | 563 | 23 | (2,938) | 779 | | Increase in Other Current Liabilities | (235) | (2,116) | (1,976) | 1,981 | (5,173) | | Decrease in Other Working Capital | 1,657 | (2,833) | - | - | - | | Other Non-Cash Items | 466 | 1,698 | - | - | - | | Net Cash from Continuing Operations | 11,938 | 6,785 | 7,872 | (15,038) | (32,498) | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 11,938 | 6,785 | 7,872 | (15,038) | (32,498) | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | 2,820 | 10,550 | 36,614 | 34,563 | - | | | Purchase of Property, Plant, Equipment | (1,074) | (1,202) | (1,171) | (1,060) | (335) | | Acquisitions | (13,277) | (30,450) | (200) | (200) | - | | Purchase of Short Term Investments | - | (7,734) | (10,447) | (14,232) | (26,211) | | Other Investment Changes, Net | - | - | - | - | (5,744) | | Cash from Investing Activities | (11,531) | (28,836) | 29,516 | 19,071 | 94,942 | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 23,279 | 13,787 | 21 | - | 163 | | | Repayment of Debt | - | - | (26,995) | - | (43,274) | | Repurchase of Capital Stock | - | - | - | - | (27,228) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 23,279 | 13,787 | (26,974) | - | (70,339) | | | | Effect of Exchange Rate Changes | 1,035 | - | - | - | - | | Net Change in Cash | 24,721 | (8,264) | 10,414 | 4,033 | (7,895) | | | Cash at Beginning of Year | 19,370 | 27,634 | 17,220 | 13,187 | 21,082 | | Cash at End of Period | 44,091 | 19,370 | 27,634 | 17,220 | 13,187 | | | |
