| Cash Flow for Ivanhoe Energy Inc. (IVAN) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (39,207) | (25,492) | (13,512) | (20,725) | (29,703) | | Depreciation & Amortization | 26,524 | 32,550 | 14,447 | 7,482 | 3,829 | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | 9,588 | 493 | 8,202 | 17,923 | 23,321 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (1,734) | (1,375) | (1,635) | - | - | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 1,166 | (1,067) | 1,840 | - | - | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | - | - | - | (648) | 494 | | Other Non-Cash Items | 9,067 | 9,677 | - | - | - | | Net Cash from Continuing Operations | 5,489 | 14,352 | 9,358 | 4,032 | (2,059) | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 5,489 | 14,352 | 9,358 | 4,032 | (2,059) | | | | Sale of Property, Plant, Equipment | 1,000 | 5,950 | - | 13,958 | - | | Sale of Short Term Investments | 9,000 | - | - | - | - | | | Purchase of Property, Plant, Equipment | (31,638) | (17,842) | (43,301) | (46,454) | (15,391) | | Acquisitions | - | - | (6,750) | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (649) | (13,685) | (1,064) | (2,162) | (537) | | Cash from Investing Activities | (22,287) | (25,577) | (51,115) | (34,658) | (15,928) | | | Issuance of Debt | 12,356 | 1,280 | 8,000 | 14,000 | 1,750 | | Issuance of Capital Stock | 4,379 | 25,789 | 32,919 | 1,723 | 27,998 | | | Repayment of Debt | (2,460) | (8,689) | (1,667) | (694) | (1,250) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | (93) | 10,428 | - | | Cash from Financing Activities | 14,275 | 18,380 | 39,159 | 25,457 | 28,498 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (2,523) | 7,155 | (2,598) | (5,169) | 10,511 | | | Cash at Beginning of Year | 13,879 | 6,724 | 9,322 | 14,491 | 3,980 | | Cash at End of Period | 11,356 | 13,879 | 6,724 | 9,322 | 14,491 | | | |
