| Cash Flow for Jackson Hewitt Tax Services (JTX) | | | | | | | Cash Flow | in Thousands of Dollars | | | 04/2008 | 04/2007 | 04/2006 | 04/2005 | 04/2004 | | | Net Income | 32,427 | 65,380 | 57,961 | 49,951 | 42,960 | | Depreciation & Amortization | 13,233 | 12,266 | 11,428 | 11,398 | 11,911 | | Deferred Income Taxes | (407) | 109 | (3,306) | 11,298 | 4,964 | | Operating Losses | 208 | 166 | 3,290 | 9,438 | 11,718 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (4,179) | (49) | (7,316) | 12,281 | (12,807) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | (4,847) | (1,040) | | Increase in Payables | (7,039) | (13,899) | 13,192 | 22,931 | 8,212 | | Increase in Other Current Liabilities | 657 | 21,116 | 38,982 | 5,382 | (742) | | Decrease in Other Working Capital | - | - | (7,001) | - | - | | Other Non-Cash Items | 8,104 | 4,165 | 7,074 | - | - | | Net Cash from Continuing Operations | 33,949 | 79,781 | 115,348 | 114,967 | 63,550 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 33,949 | 79,781 | 115,348 | 114,967 | 63,550 | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (6,441) | (8,949) | (10,714) | (4,919) | (3,965) | | Acquisitions | (17,669) | (3,828) | (1,929) | - | (3,905) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (6,938) | (4,356) | (3,769) | (4,484) | (1,636) | | Cash from Investing Activities | (31,048) | (17,133) | (16,412) | (9,403) | (9,506) | | | Issuance of Debt | 478,000 | 381,000 | 210,000 | 176,304 | - | | Issuance of Capital Stock | 12,019 | 3,525 | 2,873 | 419 | - | | | Repayment of Debt | (374,000) | (304,000) | (335,119) | (180) | - | | Repurchase of Capital Stock | (98,991) | (142,343) | (61,327) | - | - | | Payment of Cash Dividends | (21,342) | (15,813) | (11,492) | (7,900) | - | | Other Financing Charges, Net | 4,314 | 1,526 | (1,985) | (166,209) | (50,321) | | Cash from Financing Activities | - | (76,105) | (197,050) | 2,434 | (50,321) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 2,901 | (13,457) | (98,114) | 107,998 | 3,723 | | | Cash at Beginning of Year | 1,693 | 15,150 | 113,264 | 5,266 | 1,543 | | Cash at End of Period | 4,594 | 1,693 | 15,150 | 113,264 | 5,266 | | | |
