| Cash Flow for Electro Rent Corp. (ELRC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 05/2008 | 05/2007 | 05/2006 | 05/2005 | 05/2004 | | | Net Income | 21,104 | 21,049 | 22,184 | 24,265 | 11,984 | | Depreciation & Amortization | 46,535 | 43,381 | 36,956 | 34,232 | 31,483 | | Deferred Income Taxes | 530 | 591 | 947 | 4,760 | 4,815 | | Operating Losses | (10,830) | (8,891) | (9,526) | (12,917) | (8,734) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (5,995) | (1,674) | (2,038) | (2,312) | (1,866) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | 318 | 1,350 | | Increase in Payables | (539) | (707) | 25 | (191) | 1,768 | | Increase in Other Current Liabilities | 3,051 | 1,185 | (772) | 29 | 1,221 | | Decrease in Other Working Capital | 312 | (1,373) | (986) | - | - | | Other Non-Cash Items | 10 | 207 | 953 | - | - | | Net Cash from Continuing Operations | 54,178 | 53,768 | 47,743 | 48,184 | 42,021 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 54,178 | 53,768 | 47,743 | 48,184 | 42,021 | | | | Sale of Property, Plant, Equipment | 31,137 | 18,786 | 20,512 | 20,944 | 21,093 | | Sale of Short Term Investments | 3,450 | - | 26,050 | 3,675 | - | | | Purchase of Property, Plant, Equipment | (81,373) | (74,894) | (61,352) | (72,634) | (43,414) | | Acquisitions | - | (257) | (9,404) | - | - | | Purchase of Short Term Investments | (3,500) | (800) | - | - | (42,475) | | Other Investment Changes, Net | - | (498) | (531) | - | - | | Cash from Investing Activities | (50,286) | (57,663) | (24,725) | (48,015) | (64,796) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 1,366 | 4,339 | 3,816 | 1,668 | 534 | | | Repayment of Debt | - | - | - | - | - | | Repurchase of Capital Stock | (152) | (2,962) | (83) | - | - | | Payment of Cash Dividends | (11,659) | - | - | - | - | | Other Financing Charges, Net | 175 | 942 | - | 468 | (99,515) | | Cash from Financing Activities | (10,270) | 2,319 | 3,733 | 2,136 | (98,981) | | | | Effect of Exchange Rate Changes | 170 | - | - | - | - | | Net Change in Cash | (6,208) | (1,576) | 26,751 | 2,305 | (121,756) | | | Cash at Beginning of Year | 57,172 | 58,748 | 31,997 | 29,692 | 151,448 | | Cash at End of Period | 50,964 | 57,172 | 58,748 | 31,997 | 29,692 | | | |
