| Cash Flow for Kaman Corp. (KAMN) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 36,491 | 31,786 | 13,028 | (11,822) | 19,405 | | Depreciation & Amortization | 9,893 | 10,472 | 9,555 | 8,969 | 10,019 | | Deferred Income Taxes | (7,780) | (243) | 3,183 | (11,421) | 5,994 | | Operating Losses | (2,579) | 22,769 | 1,993 | 1,981 | (15,787) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 4,255 | (12,624) | 20,487 | (19,136) | 7,380 | | Decrease in Inventories | (23,765) | (10,280) | (9,825) | (18,175) | (9,806) | | Decrease in Other Current Assets | (3,373) | (1,932) | (1,435) | (2,695) | 2,267 | | Increase in Payables | 931 | (7,041) | 12,898 | 15,149 | 10,106 | | Increase in Other Current Liabilities | (1,335) | (26,041) | (5,196) | 32,908 | (2,935) | | Decrease in Other Working Capital | 10,190 | - | - | - | - | | Other Non-Cash Items | 2,653 | (47) | - | 29,712 | - | | Net Cash from Continuing Operations | 25,581 | 6,819 | 44,688 | 25,470 | 26,643 | | Net Cash from Discontinued Operations | 209 | - | - | - | - | | Cash from Operating Activities | 25,790 | 6,819 | 44,688 | 25,470 | 26,643 | | | | Sale of Property, Plant, Equipment | 5,741 | 545 | 346 | 376 | 28,339 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (14,226) | (13,219) | (9,866) | (7,539) | (9,069) | | Acquisitions | (3,238) | (1,341) | (31,875) | (2,435) | (7,748) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (4,918) | (1,675) | 788 | (621) | (1,599) | | Cash from Investing Activities | 95,962 | (15,690) | (40,607) | (10,219) | 9,923 | | | Issuance of Debt | - | 17,792 | - | 1,197 | - | | Issuance of Capital Stock | 5,256 | 3,238 | 585 | 1,218 | 1,287 | | | Repayment of Debt | (47,008) | (915) | 21,404 | (2,134) | (26,172) | | Repurchase of Capital Stock | - | - | - | (9) | (205) | | Payment of Cash Dividends | (12,552) | (12,002) | (10,747) | (9,979) | (9,917) | | Other Financing Charges, Net | (2,148) | 283 | (14,716) | (305) | - | | Cash from Financing Activities | (61,196) | 8,396 | (3,474) | (10,012) | (35,007) | | | | Effect of Exchange Rate Changes | 622 | 197 | 22 | - | - | | Net Change in Cash | 61,178 | (278) | 629 | 5,239 | 1,559 | | | Cash at Beginning of Year | 12,720 | 12,998 | 12,369 | 7,130 | 5,571 | | Cash at End of Period | 73,898 | 12,720 | 12,998 | 12,369 | 7,130 | | | |
