| Cash Flow for Gentex Corp. (GNTX) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 122,130 | 108,761 | 109,528 | 112,657 | 106,761 | | Depreciation & Amortization | 32,435 | 27,763 | 23,823 | 21,741 | 20,426 | | Deferred Income Taxes | (2,927) | (1,754) | (2,173) | 2,404 | 1,952 | | Operating Losses | (12,397) | (6,249) | 401 | 296 | 6,634 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (5,844) | 2,587 | (4,832) | 2,863 | (23,065) | | Decrease in Inventories | 756 | (8,969) | (9,236) | (9,662) | (3,197) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 6,650 | 274 | 3,758 | 1,590 | 6,465 | | Increase in Other Current Liabilities | 2,923 | (290) | 2,854 | (2,722) | 3,399 | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 8,955 | 8,246 | - | - | - | | Net Cash from Continuing Operations | 148,721 | 131,440 | 126,244 | 131,368 | 116,583 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 148,721 | 131,440 | 126,244 | 131,368 | 116,583 | | | | Sale of Property, Plant, Equipment | 368 | 501 | 1,141 | 56 | 72 | | Sale of Short Term Investments | 156,101 | 124,791 | 131,217 | 109,894 | 269,639 | | | Purchase of Property, Plant, Equipment | (54,524) | (48,193) | (53,533) | (30,535) | (22,248) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | (155,539) | (140,662) | (101,378) | (105,551) | (209,757) | | Other Investment Changes, Net | (87) | 309 | (2,047) | (1,002) | (167) | | Cash from Investing Activities | (53,681) | (63,255) | (24,601) | (27,138) | 37,539 | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 40,089 | 18,953 | 21,491 | 16,607 | 21,460 | | | Repayment of Debt | - | - | - | (47,962) | - | | Repurchase of Capital Stock | (7,328) | (226,851) | (25,215) | - | (10,247) | | Payment of Cash Dividends | (55,922) | (54,704) | (53,778) | - | (11,506) | | Other Financing Charges, Net | 339 | 235 | - | - | - | | Cash from Financing Activities | (22,822) | (262,367) | (57,501) | (31,355) | (293) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 72,217 | (194,182) | 44,143 | 72,876 | 153,829 | | | Cash at Beginning of Year | 245,500 | 439,682 | 395,539 | 322,663 | 168,834 | | Cash at End of Period | 317,717 | 245,500 | 439,682 | 395,539 | 322,663 | | | |
