| Cash Flow for GigaMedia Ltd. (GIGM) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 38,890 | 30,784 | 6,336 | 1,682 | (14,255) | | Depreciation & Amortization | 3,184 | 3,167 | 4,203 | 4,675 | 5,300 | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | 1,293 | (10,336) | (2,722) | 1,146 | 4,605 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (866) | (5,785) | (2,193) | 1,072 | (557) | | Decrease in Inventories | - | (45) | 3,186 | (5,531) | 2,587 | | Decrease in Other Current Assets | 675 | (376) | (667) | (464) | 3,714 | | Increase in Payables | - | - | - | (3,743) | 2,929 | | Increase in Other Current Liabilities | 20,907 | 12,446 | 97 | 278 | 610 | | Decrease in Other Working Capital | (10,056) | (1,926) | 81 | - | - | | Other Non-Cash Items | 1,038 | 1,061 | 814 | - | - | | Net Cash from Continuing Operations | 55,963 | 29,443 | 11,522 | 2,390 | 6,406 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 55,963 | 29,443 | 11,522 | 2,390 | 6,406 | | | | Sale of Property, Plant, Equipment | 46 | 8 | 949 | 415 | 313 | | Sale of Short Term Investments | 20,731 | 26,700 | 36,970 | 69,352 | 105,128 | | | Purchase of Property, Plant, Equipment | (9,542) | (5,381) | (3,657) | (2,587) | (1,935) | | Acquisitions | (13,983) | (26,760) | 3,253 | (32,797) | - | | Purchase of Short Term Investments | (28,379) | (42,509) | (20,184) | (60,834) | (108,445) | | Other Investment Changes, Net | (2,044) | 56 | (129) | 1,108 | (86) | | Cash from Investing Activities | (33,171) | (47,886) | 17,202 | (25,343) | (5,024) | | | Issuance of Debt | 20,126 | 12,853 | - | 2,098 | - | | Issuance of Capital Stock | 2,733 | 1,265 | - | - | - | | | Repayment of Debt | - | (15,000) | (284) | (1,829) | (2,734) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | (87) | (80) | 531 | (113) | 110 | | Cash from Financing Activities | 22,772 | (962) | 247 | 156 | (2,624) | | | | Effect of Exchange Rate Changes | 627 | 46 | (473) | 736 | - | | Net Change in Cash | 46,191 | (19,359) | 28,498 | (22,061) | (1,241) | | | Cash at Beginning of Year | 22,372 | 41,731 | 13,233 | 35,294 | 36,490 | | Cash at End of Period | 68,563 | 22,372 | 41,731 | 13,233 | 35,249 | | | |
