| Cash Flow for ICT Group Inc. (ICTG) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (11,809) | 16,811 | 12,175 | (2,693) | (1,144) | | Depreciation & Amortization | 26,420 | 23,662 | 20,790 | 17,822 | 17,855 | | Deferred Income Taxes | 753 | (1,195) | 4,029 | 181 | (1,491) | | Operating Losses | - | - | 383 | 169 | 329 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 7,072 | 1,052 | (17,755) | (15,327) | 8,125 | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | (418) | (455) | 8 | | Increase in Payables | (4,878) | 373 | 2,756 | 3,274 | (2,695) | | Increase in Other Current Liabilities | 6,347 | (7,986) | 1,212 | 11,950 | (3,003) | | Decrease in Other Working Capital | (278) | (725) | - | - | - | | Other Non-Cash Items | 2,973 | 1,963 | - | - | - | | Net Cash from Continuing Operations | 27,538 | 34,762 | 26,093 | 13,054 | 15,237 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 27,538 | 34,762 | 26,093 | 13,054 | 15,237 | | | | Sale of Property, Plant, Equipment | 41 | - | 249 | - | - | | Sale of Short Term Investments | - | - | - | 5,500 | - | | | Purchase of Property, Plant, Equipment | (30,840) | (25,942) | (21,132) | (25,135) | (19,046) | | Acquisitions | - | (10,955) | (178) | (3,011) | (671) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (1,003) | - | - | - | - | | Cash from Investing Activities | (31,802) | (36,897) | (21,061) | (22,646) | (19,717) | | | Issuance of Debt | 524 | 10,000 | 45,000 | 45,000 | 19,000 | | Issuance of Capital Stock | 435 | 58,232 | 209 | 339 | 160 | | | Repayment of Debt | (524) | (45,000) | (49,596) | (36,000) | (12,000) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | (51) | 3,848 | - | - | (571) | | Cash from Financing Activities | 384 | 27,080 | (4,387) | 9,339 | 6,589 | | | | Effect of Exchange Rate Changes | 1,757 | (3,006) | (1,636) | (419) | (797) | | Net Change in Cash | (2,123) | 21,939 | (991) | (672) | 1,312 | | | Cash at Beginning of Year | 32,367 | 10,428 | 11,419 | 12,091 | 16,279 | | Cash at End of Period | 30,244 | 32,367 | 10,428 | 11,419 | 17,591 | | | |
