| Cash Flow for Heska Corp. (HSKA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 34,808 | 1,828 | 282 | (4,815) | (3,459) | | Depreciation & Amortization | 2,183 | 1,671 | 1,850 | 1,337 | 1,749 | | Deferred Income Taxes | (29,983) | 148 | - | - | - | | Operating Losses | (66) | (316) | (227) | 59 | 83 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 308 | (2,200) | 1,585 | 2,099 | (2,950) | | Decrease in Inventories | (6,840) | (1,419) | 38 | (1,398) | (1,907) | | Decrease in Other Current Assets | 19 | 84 | 170 | (263) | (92) | | Increase in Payables | 804 | (349) | (1,494) | 511 | 1,824 | | Increase in Other Current Liabilities | (1,378) | 2,479 | (2,213) | 939 | 5,177 | | Decrease in Other Working Capital | (1,822) | (1,917) | - | - | - | | Other Non-Cash Items | 237 | 782 | - | - | - | | Net Cash from Continuing Operations | (1,730) | 1,125 | 148 | (1,138) | 570 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (1,730) | 1,125 | 148 | (1,138) | 570 | | | | Sale of Property, Plant, Equipment | 47 | 1,640 | - | - | 35 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (2,357) | (1,481) | (1,563) | (1,831) | (1,827) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | 100 | 400 | - | | Cash from Investing Activities | (2,310) | 159 | (1,463) | (1,431) | (1,792) | | | Issuance of Debt | 4,591 | - | 2,500 | 2,847 | 200 | | Issuance of Capital Stock | 851 | 766 | 557 | 409 | 619 | | | Repayment of Debt | (1,275) | (2,194) | (1,224) | (761) | (847) | | Repurchase of Capital Stock | - | - | (58) | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 4,167 | (1,428) | 1,775 | 2,495 | (28) | | | | Effect of Exchange Rate Changes | 122 | 188 | (211) | 179 | 101 | | Net Change in Cash | 249 | 44 | 249 | 105 | (1,149) | | | Cash at Beginning of Year | 5,275 | 5,231 | 4,982 | 4,877 | 6,026 | | Cash at End of Period | 5,524 | 5,275 | 5,231 | 4,982 | 4,877 | | | |
