| Cash Flow for Friedman Billings Ramsey Gro (FBR) | | | | After Hours: $ 0.97 |  0.15 (+18.29%) | Volume: 27.98 k | 6:59 PM EDT Oct 10, 2008 | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (660,253) | (67,275) | (170,910) | 349,559 | 201,414 | | Provision for Loan Loss | - | 15,740 | 14,291 | - | - | | Depreciation & Amortization | 17,177 | 29,171 | 14,163 | 84,542 | 4,655 | | Deferred Income Taxes | - | (14,645) | (8,212) | (6,689) | - | | Change in Assets (Receivables) | 1,251,420 | 852,302 | (1,892,653) | (26,404) | (69,862) | | Change in Liabilities (Payables) | (22,518) | (1,131,168) | 995,737 | 94,495 | 66,946 | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (104,061) | 40,263 | - | - | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | 319,608 | 132,651 | 350,885 | (108,870) | 21,248 | | Net Cash from Operating Activities | 801,373 | (142,961) | (696,699) | 386,633 | 224,401 | | | | Proceeds from Sale/Mat. Inv. | 9,352,142 | 9,266,728 | 5,359,399 | 6,615,061 | 7,366,573 | | Purchase of Investment Securities | (5,122,276) | (7,973,617) | (1,971,957) | (7,966,215) | (13,385,295) | | Net Increase Fed. Funds Sold | - | 135,902 | - | - | - | | Purchase of Property & Equipment | 137,521 | 24,584 | (32,025) | (15,860) | (6,044) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | 2,274,171 | 2,458,510 | (6,790,946) | 22 | 31,424 | | Net Cash from Investing Activities | 6,641,558 | 3,912,107 | (3,435,529) | (1,366,992) | (5,993,342) | | | Net Change in Deposits | - | - | - | - | (51,215) | | Cash Dividends paid | (34,218) | (112,774) | (237,333) | (249,731) | (138,026) | | Repayment of Long Term Debt | (1,546,387) | (2,273,325) | (298,969) | - | (1,940) | | Change in Short Term Debt | (5,226,342) | (3,025,561) | (2,106,478) | 1,273,877 | 5,434,953 | | Issuance of Long term Debt | - | 1,325,214 | 7,140,458 | 72,500 | 50,000 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 4,809 | 4,700 | 5,632 | 18,756 | 486,033 | | Purchase of Treasury Stock | (122,794) | - | - | - | (8,183) | | Other Financing Activities | (15,595) | 263,941 | (356,838) | 3,796 | - | | Cash from Financing Activities | (6,940,527) | (3,817,805) | 4,146,472 | 1,119,198 | 5,771,622 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 502,404 | (48,659) | 14,244 | 138,839 | 2,681 | | | Cash at Beginning of Period | 189,956 | 238,615 | 224,371 | 92,688 | 90,007 | | Cash at End of Period | 692,360 | 189,956 | 238,615 | 231,527 | 92,688 | | | |
