| Cash Flow for Gladstone Capital Corp. (GLAD) | | | | | | | Cash Flow | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Net Income | 14,952 | 24,430 | 15,491 | 10,570 | 11,074 | | Provision for Loan Loss | - | - | - | - | - | | Depreciation & Amortization | 7,798 | (2) | 2,209 | 4,065 | 252 | | Deferred Income Taxes | - | - | - | - | - | | Change in Assets (Receivables) | (140,836) | (13,032) | (1,830) | 372 | (1,679) | | Change in Liabilities (Payables) | 914 | 268 | 131 | (971) | 1,043 | | Investment Securities Gain | 188 | 1,329 | - | - | - | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | - | - | - | - | - | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | - | - | - | - | - | | Other Non-Cash Items | - | (5,758) | (410) | (553) | (806) | | Net Cash from Operating Activities | (116,984) | 7,236 | 15,591 | 13,484 | 9,884 | | | | Proceeds from Sale/Mat. Inv. | - | - | 88,019 | 47,159 | - | | Purchase of Investment Securities | - | - | (143,794) | (86,268) | (47,011) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | - | - | - | - | (82) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | (2,484) | 190 | (20,502) | (56,882) | 57,404 | | Net Cash from Investing Activities | (2,484) | 190 | (76,277) | (95,991) | 10,310 | | | Net Change in Deposits | - | - | - | - | - | | Cash Dividends paid | (22,141) | (18,629) | (17,110) | (17,113) | (9,870) | | Repayment of Long Term Debt | (211,153) | - | (142,709) | (74,000) | - | | Change in Short Term Debt | - | (3,041) | - | - | - | | Issuance of Long term Debt | 305,600 | - | 155,000 | 114,744 | - | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 57,437 | 14,683 | 270 | 24,536 | - | | Purchase of Treasury Stock | - | - | - | - | - | | Other Financing Activities | (2,167) | (211) | (216) | (872) | (1,087) | | Cash from Financing Activities | 127,575 | (7,198) | (4,765) | 47,296 | (10,957) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 8,107 | 228 | (65,451) | (35,211) | 9,237 | | | Cash at Beginning of Period | 732 | 504 | 65,955 | 101,166 | 91,929 | | Cash at End of Period | 8,839 | 732 | 504 | 65,955 | 101,166 | | | |
