| Cash Flow for KongZhong Corp. (KONG) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 2,832 | 24,692 | 22,174 | 20,369 | 2,408 | | Depreciation & Amortization | 2,770 | 3,030 | 1,825 | 794 | 267 | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | (197) | (1,224) | (2) | 1 | 63 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (2,514) | 2,242 | (448) | (8,495) | (1,572) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | 43 | - | - | (182) | (74) | | Increase in Payables | (770) | 2,287 | 1,237 | 1,935 | 540 | | Increase in Other Current Liabilities | 487 | (4,364) | 5,540 | 1,461 | 432 | | Decrease in Other Working Capital | 125 | (49) | (148) | - | - | | Other Non-Cash Items | 2,550 | 1,638 | - | - | - | | Net Cash from Continuing Operations | 3,315 | 28,010 | 29,569 | 15,845 | 1,960 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 3,315 | 28,010 | 29,569 | 15,845 | 1,960 | | | | Sale of Property, Plant, Equipment | - | - | 1 | 2 | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (1,928) | (2,518) | (2,148) | (2,433) | (864) | | Acquisitions | (17,000) | (17,139) | (1,435) | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (18,720) | (17,916) | (4,082) | (2,430) | (864) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 152 | 2,214 | 303 | 73,435 | - | | | Repayment of Debt | - | - | - | - | - | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | (24) | (97) | 121 | - | | Cash from Financing Activities | 152 | 2,190 | 206 | 73,556 | - | | | | Effect of Exchange Rate Changes | 6,193 | 1,976 | 734 | 1 | 1 | | Net Change in Cash | (9,059) | 14,260 | 26,427 | 86,971 | 1,096 | | | Cash at Beginning of Year | 131,402 | 117,142 | 90,714 | 3,743 | 2,646 | | Cash at End of Period | 122,343 | 131,402 | 117,142 | 90,714 | 3,743 | | | |
