| Cash Flow for Gander Mountain Company (GMTN) | | | | | | | Cash Flow | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | | | Net Income | (31,814) | (13,242) | (13,307) | 1,570 | | Depreciation & Amortization | 27,589 | 22,829 | 18,754 | 12,213 | | Deferred Income Taxes | - | - | - | - | | Operating Losses | 289 | 8,337 | 708 | 955 | | Extraordinary Losses | - | - | - | - | | | Decrease in Receivables | 484 | (5,722) | 2,132 | (2,737) | | Decrease in Inventories | (36,324) | (40,725) | (44,257) | (83,777) | | Decrease in Other Current Assets | - | - | - | - | | Increase in Payables | 9,224 | 35,724 | 5,113 | 24,135 | | Increase in Other Current Liabilities | - | - | - | - | | Decrease in Other Working Capital | (2,046) | - | - | - | | Other Non-Cash Items | 6,148 | 1,343 | - | - | | Net Cash from Continuing Operations | (30,397) | 604 | (30,976) | (50,164) | | Net Cash from Discontinued Operations | - | - | - | - | | Cash from Operating Activities | (30,397) | 604 | (30,976) | (50,164) | | | | Sale of Property, Plant, Equipment | 726 | 2,100 | - | - | | Sale of Short Term Investments | - | - | - | - | | | Purchase of Property, Plant, Equipment | (46,549) | (36,488) | (49,477) | (48,532) | | Acquisitions | (76,493) | - | - | - | | Purchase of Short Term Investments | - | - | - | - | | Other Investment Changes, Net | - | 6,097 | - | - | | Cash from Investing Activities | (122,316) | (28,291) | (49,477) | (48,532) | | | Issuance of Debt | 130,610 | 5,300 | 80,495 | 12,383 | | Issuance of Capital Stock | 27,257 | 29,829 | 505 | 96,216 | | | Repayment of Debt | (3,874) | (7,680) | - | (9,840) | | Repurchase of Capital Stock | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | | Cash from Financing Activities | 153,993 | 27,449 | 81,000 | 98,759 | | | | Effect of Exchange Rate Changes | - | - | - | - | | Net Change in Cash | 1,280 | (238) | 547 | 63 | | | Cash at Beginning of Year | 1,342 | 1,580 | 1,033 | 970 | | Cash at End of Period | 2,622 | 1,342 | 1,580 | 1,033 | | | |
