| Cash Flow for Edge Petroleum Corp. (EPEX) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 6,572 | (41,261) | 33,358 | 15,129 | 4,350 | | Depreciation & Amortization | 91,718 | 61,080 | 40,218 | 21,928 | 13,577 | | Deferred Income Taxes | 3,947 | (21,575) | 18,078 | 8,255 | 2,731 | | Operating Losses | - | - | 1,948 | 2,199 | 1,949 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (16,607) | 7,125 | (6,025) | (8,253) | (4,325) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | (1,062) | (259) | (429) | | Increase in Payables | 3,712 | (1,618) | 2,052 | 1,408 | (1,768) | | Increase in Other Current Liabilities | 11,721 | (689) | 4,390 | 1,721 | 7,813 | | Decrease in Other Working Capital | (856) | (536) | - | - | - | | Other Non-Cash Items | 21,685 | 94,718 | - | - | - | | Net Cash from Continuing Operations | 122,869 | 97,409 | 93,110 | 42,270 | 23,898 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 122,869 | 97,409 | 93,110 | 42,270 | 23,898 | | | | Sale of Property, Plant, Equipment | 1,302 | 628 | - | 60 | 330 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (142,393) | (144,338) | (123,959) | (89,470) | (33,560) | | Acquisitions | (375,197) | 429 | (39,035) | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | 462 | 2,869 | (4,286) | - | 5,160 | | Cash from Investing Activities | (515,826) | (140,412) | (167,280) | (89,410) | (28,070) | | | Issuance of Debt | 275,000 | 62,000 | 81,000 | 27,000 | 10,700 | | Issuance of Capital Stock | 288,548 | 576 | 7,615 | 49,507 | 2,431 | | | Repayment of Debt | (144,000) | (18,000) | (16,000) | (28,000) | (10,200) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | (5,855) | - | - | - | - | | Other Financing Charges, Net | (15,654) | (158) | (47) | (426) | - | | Cash from Financing Activities | 398,039 | 44,418 | 72,568 | 48,080 | 2,931 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 5,082 | 1,415 | (1,601) | 940 | (1,241) | | | Cash at Beginning of Year | 2,081 | 666 | 2,267 | 1,327 | 2,568 | | Cash at End of Period | 7,163 | 2,081 | 666 | 2,267 | 1,327 | | | |
