| Cash Flow for EMCORE Corp. (EMKR) | | | | | | | Cash Flow | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Net Income | (58,722) | 54,923 | (13,107) | (13,426) | (38,525) | | Depreciation & Amortization | 10,122 | 12,332 | 14,464 | 15,219 | 19,340 | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | 771 | (86,685) | (10,897) | (29,547) | (2,208) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (10,408) | (7,623) | (1,953) | (6,080) | (3,298) | | Decrease in Inventories | (5,247) | (5,523) | (59) | (752) | 12,450 | | Decrease in Other Current Assets | - | - | (978) | (509) | (642) | | Increase in Payables | 2,187 | 4,148 | (477) | 6,543 | 1,622 | | Increase in Other Current Liabilities | 6,320 | 1,248 | (1,138) | 992 | (6,554) | | Decrease in Other Working Capital | (631) | (302) | - | - | - | | Other Non-Cash Items | 8,868 | 12,778 | - | - | - | | Net Cash from Continuing Operations | (46,382) | (14,752) | (15,287) | (28,120) | (18,581) | | Net Cash from Discontinued Operations | - | (11,536) | - | (4,218) | - | | Cash from Operating Activities | (46,382) | (26,288) | (15,287) | (32,338) | (18,581) | | | | Sale of Property, Plant, Equipment | 22 | 21 | 13,212 | 62,043 | - | | Sale of Short Term Investments | 98,300 | 19,600 | 24,775 | - | 41,428 | | | Purchase of Property, Plant, Equipment | (10,065) | (7,311) | (5,357) | (4,173) | (2,763) | | Acquisitions | (4,097) | 610 | (2,821) | (3,386) | (26,450) | | Purchase of Short Term Investments | (26,000) | (100,325) | (13,275) | (32,146) | - | | Other Investment Changes, Net | 2,683 | 362 | (3,042) | - | (1,960) | | Cash from Investing Activities | 46,952 | 24,224 | 13,492 | 22,338 | 10,255 | | | Issuance of Debt | - | - | - | 3,553 | - | | Issuance of Capital Stock | 202 | 7,434 | 1,941 | - | 456 | | | Repayment of Debt | (11,472) | (1,350) | (43) | (2,570) | (6,407) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 276 | (953) | - | - | - | | Cash from Financing Activities | (10,994) | 5,131 | 1,898 | 983 | (5,951) | | | | Effect of Exchange Rate Changes | (17) | - | - | - | - | | Net Change in Cash | (10,441) | 3,067 | 103 | (9,017) | (14,277) | | | Cash at Beginning of Year | 22,592 | 19,525 | 19,422 | 28,439 | 42,716 | | Cash at End of Period | 12,151 | 22,592 | 19,525 | 19,422 | 28,439 | | | |
