| Cash Flow for Finlay Enterprises Inc. (FNLY) | | | | | | | Cash Flow | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Net Income | (10,049) | 4,408 | (55,736) | 16,025 | 8,410 | | Depreciation & Amortization | 15,718 | 18,397 | 19,125 | 17,319 | 18,716 | | Deferred Income Taxes | (1,547) | (1,409) | (5,457) | 12,337 | 6,784 | | Operating Losses | 705 | 5,807 | 77,576 | 10,808 | 13,835 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 13,202 | 4,810 | (23,057) | 1,769 | (7,501) | | Decrease in Inventories | 29,953 | (33,069) | 1,989 | (5,641) | (9,404) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 18,244 | (45,010) | 10,730 | (27,717) | 8,137 | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 4,222 | - | - | - | - | | Net Cash from Continuing Operations | 73,508 | (43,241) | 27,309 | 27,041 | 41,183 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 73,508 | (43,241) | 27,309 | 27,041 | 41,183 | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (13,406) | (11,834) | (11,869) | (12,667) | (12,934) | | Acquisitions | (230,131) | (6,260) | (28,790) | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (82) | - | - | - | - | | Cash from Investing Activities | (243,619) | (18,094) | (40,659) | (12,667) | (12,934) | | | Issuance of Debt | 914,911 | 794,732 | 733,314 | 790,311 | 683,750 | | Issuance of Capital Stock | - | 8 | 146 | 3,936 | 1,321 | | | Repayment of Debt | (736,556) | (758,293) | (738,914) | (823,530) | (684,174) | | Repurchase of Capital Stock | (264) | (188) | - | (6,862) | (6,744) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | (5,037) | (700) | (17,448) | (5,088) | (431) | | Cash from Financing Activities | 173,054 | 35,559 | (22,902) | (41,233) | (6,278) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 2,943 | (25,776) | (36,252) | (26,859) | 21,971 | | | Cash at Beginning of Year | 2,415 | 28,191 | 64,443 | 91,302 | 69,331 | | Cash at End of Period | 5,358 | 2,415 | 28,191 | 64,443 | 91,302 | | | |
