| Cash Flow for Kansas City Life Insurance Company (KCLI) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 35,661 | 36,918 | 36,184 | 57,687 | 14,793 | | Provision for Loan Loss | - | - | - | - | - | | Depreciation & Amortization | 49,935 | 54,442 | 21,603 | 38,277 | 55,144 | | Deferred Income Taxes | - | - | - | - | - | | Change in Assets (Receivables) | - | - | - | - | - | | Change in Liabilities (Payables) | (23,181) | (33,898) | (22,733) | 3,754 | 50,421 | | Investment Securities Gain | - | - | - | - | - | | Net Policy Acquisition Cost | - | - | 35,608 | (12,778) | (29,575) | | Realized Investment Gains | (4,060) | (5,621) | (6,113) | (45,649) | 29,280 | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | 1,577 | 3,946 | 5,064 | 15,152 | (17,237) | | Other Non-Cash Items | (27,035) | (31,851) | (19,563) | (22,320) | (8,679) | | Net Cash from Operating Activities | 32,897 | 23,936 | 50,050 | 34,123 | 94,147 | | | | Proceeds from Sale/Mat. Inv. | 373,872 | 385,980 | 614,060 | 577,813 | 1,123,406 | | Purchase of Investment Securities | (328,329) | (285,423) | (554,767) | (621,413) | (1,328,146) | | Net Increase Fed. Funds Sold | - | - | - | - | - | | Purchase of Property & Equipment | (969) | (2,028) | (1,061) | (1,925) | (969) | | Acquisitions | - | - | - | - | - | | Other Investment Changes, Net | 39,573 | (30,597) | (11,605) | - | (52,264) | | Net Cash from Investing Activities | 84,147 | 67,932 | 46,627 | (45,525) | (257,973) | | | Net Change in Deposits | 13,703 | 206,311 | (10,678) | 231,816 | 150,490 | | Cash Dividends paid | (36,420) | (12,833) | (12,876) | (12,988) | (12,840) | | Repayment of Long Term Debt | (363,980) | (79,583) | (110,252) | (54,505) | (634) | | Change in Short Term Debt | - | - | - | - | - | | Issuance of Long term Debt | 359,680 | 67,001 | 45,315 | 11,314 | 35,061 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | - | - | - | - | - | | Purchase of Treasury Stock | (4,451) | (3,288) | (1,348) | 946 | (2,867) | | Other Financing Activities | (77,326) | (277,801) | - | (181,502) | - | | Cash from Financing Activities | (108,794) | (100,193) | (89,839) | (4,919) | 169,210 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 8,250 | (8,325) | 6,838 | (16,321) | 5,384 | | | Cash at Beginning of Period | 3,908 | 10,985 | 4,147 | 19,872 | 14,645 | | Cash at End of Period | 12,158 | 2,660 | 10,985 | 3,551 | 20,029 | | | |
