| Cash Flow for Jinpan International Ltd. (JST) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 15,639 | 7,514 | 4,536 | 3,489 | 3,253 | | Depreciation & Amortization | 1,172 | 861 | 782 | 691 | 659 | | Deferred Income Taxes | (736) | 6 | (15) | 32 | 6 | | Operating Losses | 49 | 1,142 | 915 | 684 | 1,406 | | Extraordinary Losses | N/A | - | - | - | - | | | Decrease in Receivables | (16,596) | (3,225) | 38 | (5,908) | (3,229) | | Decrease in Inventories | (5,645) | (4,765) | (4,858) | (3,595) | (1,223) | | Decrease in Other Current Assets | N/A | 121 | - | - | - | | Increase in Payables | (237) | 3,063 | (445) | 1,786 | 891 | | Increase in Other Current Liabilities | 7,291 | 2,563 | 3,091 | 1,999 | (69) | | Decrease in Other Working Capital | N/A | (48) | - | - | - | | Other Non-Cash Items | 1,845 | - | 197 | - | - | | Net Cash from Continuing Operations | (659) | 4,939 | 3,130 | (1,083) | 2,274 | | Net Cash from Discontinued Operations | N/A | - | - | - | - | | Cash from Operating Activities | (659) | 4,939 | 3,130 | (1,083) | 2,274 | | | | Sale of Property, Plant, Equipment | 29 | 20 | 51 | 54 | 85 | | Sale of Short Term Investments | N/A | - | 207 | 177 | - | | | Purchase of Property, Plant, Equipment | (6,496) | (2,674) | (550) | (1,370) | (432) | | Acquisitions | N/A | - | - | - | - | | Purchase of Short Term Investments | N/A | - | - | - | (567) | | Other Investment Changes, Net | (11,000) | - | - | (144) | 2,220 | | Cash from Investing Activities | (17,467) | (2,654) | (292) | (1,283) | 1,306 | | | Issuance of Debt | 13,961 | 16,447 | 17,533 | 11,090 | 5,498 | | Issuance of Capital Stock | 48 | 23,602 | 2 | 55 | 765 | | | Repayment of Debt | (11,714) | (14,075) | (15,986) | (8,482) | (8,115) | | Repurchase of Capital Stock | N/A | - | (163) | (528) | (41) | | Payment of Cash Dividends | (1,931) | (1,594) | (1,300) | (2,201) | (165) | | Other Financing Charges, Net | (217) | (972) | (822) | - | (1,196) | | Cash from Financing Activities | 147 | 23,408 | (736) | (66) | (3,254) | | | | Effect of Exchange Rate Changes | 986 | 686 | 143 | (2) | 11 | | Net Change in Cash | (16,993) | 26,379 | 2,245 | (2,434) | 337 | | | Cash at Beginning of Year | 34,115 | 6,446 | 5,612 | 8,046 | 7,710 | | Cash at End of Period | 17,122 | 32,825 | 7,857 | 5,612 | 8,047 | | | |
