| Cash Flow for EMS Technologies Inc. (ELMG) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 18,744 | 33,008 | (11,443) | 192 | (37,392) | | Depreciation & Amortization | 7,988 | 8,864 | 9,742 | 9,461 | 8,692 | | Deferred Income Taxes | 887 | (3,178) | 899 | (1,079) | (1,414) | | Operating Losses | (1) | (352) | 21,260 | 14,356 | 45,603 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 14,486 | (10,350) | (19,187) | (6,994) | 4,190 | | Decrease in Inventories | (904) | (4,880) | (1,122) | (2,627) | (999) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (8,552) | 2,234 | 8,206 | 6,385 | (2,695) | | Increase in Other Current Liabilities | 4,609 | (1,807) | 4,430 | 3,436 | 348 | | Decrease in Other Working Capital | - | 2,114 | 14 | 2,076 | - | | Other Non-Cash Items | 2,625 | 1,200 | - | - | - | | Net Cash from Continuing Operations | 41,560 | 26,853 | 12,799 | 25,206 | 16,333 | | Net Cash from Discontinued Operations | (2,826) | (16,548) | (7,539) | (11,270) | (9,929) | | Cash from Operating Activities | 38,734 | 10,305 | 5,260 | 13,936 | 6,404 | | | | Sale of Property, Plant, Equipment | 907 | 59,521 | 21,931 | 2,846 | - | | Sale of Short Term Investments | - | - | - | (7,010) | - | | | Purchase of Property, Plant, Equipment | (14,579) | (8,502) | (10,029) | (1,754) | (8,084) | | Acquisitions | (5,000) | (188) | (275) | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | - | 1,759 | | Cash from Investing Activities | (18,672) | 50,351 | 10,845 | (5,918) | (6,325) | | | Issuance of Debt | - | - | - | 8,991 | - | | Issuance of Capital Stock | 4,332 | 60,860 | 1,966 | 3,709 | 3,765 | | | Repayment of Debt | (1,281) | (27,990) | (18,224) | (8,406) | (2,389) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 105 | 2,373 | 1,997 | (1,063) | - | | Cash from Financing Activities | 3,156 | 35,243 | (14,261) | 3,231 | 1,376 | | | | Effect of Exchange Rate Changes | 1,310 | 737 | (3,419) | 394 | 295 | | Net Change in Cash | 24,528 | 96,636 | (1,575) | 11,643 | 1,750 | | | Cash at Beginning of Year | 109,431 | 12,795 | 14,553 | 2,910 | 12,430 | | Cash at End of Period | 133,959 | 109,431 | 12,978 | 14,553 | 14,180 | | | |
