| Cash Flow for DOW CHEMICAL COMPANY (DOW) | | | | After Hours: $ 15.90 |  0.09 (+0.57%) | Volume: 50.51 k | 7:59 PM EST Jan 8, 2009 | | | | | | | Cash Flow | in Millions of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 2,887 | 3,724 | 4,515 | 2,797 | 1,739 | | Depreciation & Amortization | 2,190 | 2,074 | 2,079 | 2,088 | 1,903 | | Deferred Income Taxes | 494 | 104 | 740 | 255 | (378) | | Operating Losses | (326) | (1,163) | (2,122) | (576) | (152) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (1,002) | 242 | (469) | (1,357) | 25 | | Decrease in Inventories | (712) | (758) | (240) | (931) | 95 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 799 | (129) | 106 | 1,252 | 161 | | Increase in Other Current Liabilities | - | - | (135) | - | - | | Decrease in Other Working Capital | (16) | (515) | - | (858) | 387 | | Other Non-Cash Items | 170 | 575 | - | - | - | | Net Cash from Continuing Operations | 4,484 | 4,154 | 4,474 | 2,670 | 3,780 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 4,484 | 4,154 | 4,474 | 2,670 | 3,780 | | | | Sale of Property, Plant, Equipment | 211 | - | 1,061 | 163 | 287 | | Sale of Short Term Investments | 1,983 | 1,383 | 1,379 | 1,661 | 1,500 | | | Purchase of Property, Plant, Equipment | (2,105) | (1,983) | (1,597) | (1,333) | (1,100) | | Acquisitions | (143) | 296 | - | (149) | (10) | | Purchase of Short Term Investments | - | (1,405) | (1,400) | (1,827) | (1,732) | | Other Investment Changes, Net | 93 | 16 | (539) | 832 | (621) | | Cash from Investing Activities | (2,858) | (1,907) | (1,096) | (653) | (1,676) | | | Issuance of Debt | 1,241 | 23 | 78 | 658 | 907 | | Issuance of Capital Stock | 379 | 223 | 398 | 706 | 303 | | | Repayment of Debt | (1,354) | (1,359) | (1,559) | (1,437) | (1,142) | | Repurchase of Capital Stock | (1,462) | (739) | (68) | (15) | (6) | | Payment of Cash Dividends | (1,512) | (1,404) | (1,287) | (1,252) | (1,229) | | Other Financing Charges, Net | (20) | (46) | (70) | (57) | (58) | | Cash from Financing Activities | (2,728) | (3,302) | (2,508) | (1,397) | (1,225) | | | | Effect of Exchange Rate Changes | 81 | 6 | (172) | 96 | 29 | | Net Change in Cash | (1,021) | (1,049) | 698 | 716 | 908 | | | Cash at Beginning of Year | 2,757 | 3,806 | 3,108 | 2,392 | 1,484 | | Cash at End of Period | 1,736 | 2,757 | 3,806 | 3,108 | 2,392 | | | |
