| Cash Flow for Harmonic Inc. (HLIT) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 23,421 | 1,007 | (5,731) | 1,574 | (29,433) | | Depreciation & Amortization | 6,661 | 7,383 | 8,676 | 9,408 | 12,274 | | Deferred Income Taxes | - | - | (366) | - | - | | Operating Losses | - | - | 149 | (3,012) | (4,535) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (4,191) | (20,550) | 21,804 | (26,490) | (14,051) | | Decrease in Inventories | 7,865 | (3,224) | 4,581 | (15,296) | 8,188 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (13,129) | 13,396 | (3,347) | 7,518 | 7,605 | | Increase in Other Current Liabilities | 15,255 | 6,719 | (13,497) | 5,186 | 401 | | Decrease in Other Working Capital | (6,476) | - | - | - | - | | Other Non-Cash Items | 6,970 | 6,019 | - | - | - | | Net Cash from Continuing Operations | 35,360 | 8,634 | 16,054 | (9,022) | (5,559) | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 35,360 | 8,634 | 16,054 | (9,022) | (5,559) | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | 98,300 | 84,820 | 64,334 | 81,710 | 24,909 | | | Purchase of Property, Plant, Equipment | (5,868) | (5,143) | (5,666) | (6,318) | (3,364) | | Acquisitions | (6,915) | (26,232) | (5,661) | - | - | | Purchase of Short Term Investments | (178,123) | (70,398) | (63,328) | (85,457) | (67,914) | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (92,606) | (16,953) | (10,321) | (10,065) | (46,369) | | | Issuance of Debt | - | - | - | 1,904 | 1,001 | | Issuance of Capital Stock | 153,337 | 4,778 | 6,478 | 3,194 | 73,251 | | | Repayment of Debt | (532) | (894) | (1,159) | (1,221) | (1,917) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 70 | - | - | - | - | | Cash from Financing Activities | 152,875 | 3,884 | 5,319 | 3,877 | 72,335 | | | | Effect of Exchange Rate Changes | (78) | 71 | 163 | (64) | (72) | | Net Change in Cash | 95,551 | (4,364) | 11,215 | (15,274) | 20,335 | | | Cash at Beginning of Year | 33,454 | 37,818 | 26,603 | 41,877 | 21,542 | | Cash at End of Period | 129,005 | 33,454 | 37,818 | 26,603 | 41,877 | | | |
