| Cash Flow for Franklin Credit Management Corp (FCMC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (8,639) | (1,761) | 7,869 | 9,506 | 6,685 | | Provision for Loan Loss | 274,633 | 9,750 | 4,745 | 3,705 | 3,164 | | Depreciation & Amortization | 5,114 | 8,447 | 6,165 | 3,256 | 2,484 | | Deferred Income Taxes | (3,112) | 2,868 | 832 | 1,911 | 234 | | Change in Assets (Receivables) | 4,662 | 445 | (4,615) | (13,302) | (1,897) | | Change in Liabilities (Payables) | (608) | 5,351 | 3,760 | 6,593 | 1,161 | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (474) | (3,954) | (4,346) | (2,243) | (2,145) | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | (7,499) | - | - | - | | Other Non-Cash Items | (288,827) | (13,313) | (10,638) | (16,540) | (21,488) | | Net Cash from Operating Activities | (17,251) | 334 | 3,773 | (7,114) | (11,801) | | | | Proceeds from Sale/Mat. Inv. | 176,918 | 66,246 | 8,376 | - | - | | Purchase of Investment Securities | (257,143) | (3,357) | (16,594) | - | (204) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | 26,364 | 28,276 | (2,899) | (528) | (651) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (234,074) | (417,871) | (417,111) | (383,882) | (27,442) | | Net Cash from Investing Activities | (287,935) | (326,706) | (428,229) | (384,409) | (28,297) | | | Net Change in Deposits | - | - | - | - | - | | Cash Dividends paid | - | - | - | - | - | | Repayment of Long Term Debt | (835,041) | (1,030,199) | (849,291) | (472,748) | (283,751) | | Change in Short Term Debt | (18,094) | 18,094 | - | - | - | | Issuance of Long term Debt | 1,176,149 | 1,342,726 | 1,266,201 | 869,243 | 327,690 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | - | 453 | 12,817 | 129 | - | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | (3,544) | (4,605) | (6,513) | - | - | | Cash from Financing Activities | 319,469 | 326,469 | 423,214 | 396,624 | 43,940 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 14,283 | 97 | (1,241) | 5,101 | 3,842 | | | Cash at Beginning of Period | 3,983 | 3,887 | 5,128 | 14,419 | 10,577 | | Cash at End of Period | 18,266 | 3,983 | 3,887 | 19,520 | 14,419 | | | |
