| Cash Flow for First Aviation Services Inc. (FAVS) | | | | | | | Cash Flow | in Thousands of Dollars | | | 01/2007 | 01/2006 | 01/2005 | 01/2004 | 01/2003 | | | Net Income | (14,494) | 1,024 | (2,229) | 11 | (5,934) | | Depreciation & Amortization | 1,614 | 1,255 | 1,011 | 1,101 | 1,372 | | Deferred Income Taxes | - | - | - | - | 1,786 | | Operating Losses | (78) | 127 | 162 | 121 | 2,839 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (4,783) | (4,049) | (990) | 416 | 2,418 | | Decrease in Inventories | 964 | (11,596) | (1,717) | (1,561) | 2,399 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (2,544) | 4,917 | 930 | (775) | (1,140) | | Increase in Other Current Liabilities | (717) | (55) | 1,174 | 118 | (772) | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 7,180 | - | - | - | - | | Net Cash from Continuing Operations | (13,013) | (8,821) | (1,509) | (559) | 3,389 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (13,013) | (8,821) | (1,509) | (559) | 3,389 | | | | Sale of Property, Plant, Equipment | 142 | - | 3 | 70 | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (1,604) | (3,208) | (1,039) | (484) | (925) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (1,462) | (3,208) | (1,036) | (414) | (925) | | | Issuance of Debt | 8,100 | 46,400 | 56,150 | - | - | | Issuance of Capital Stock | - | - | - | - | - | | | Repayment of Debt | (1,574) | (47,000) | (56,150) | (4) | (476) | | Repurchase of Capital Stock | - | (500) | - | - | - | | Payment of Cash Dividends | - | - | - | - | (7,251) | | Other Financing Charges, Net | - | - | - | 5 | 60 | | Cash from Financing Activities | 6,526 | (1,100) | - | 1 | (7,667) | | | | Effect of Exchange Rate Changes | 206 | 33 | (15) | 103 | 103 | | Net Change in Cash | (7,743) | (13,096) | (2,560) | (869) | (5,100) | | | Cash at Beginning of Year | 9,488 | 22,584 | 25,144 | 26,013 | 31,113 | | Cash at End of Period | 1,745 | 9,488 | 22,584 | 25,144 | 26,013 | | | |
