| Cash Flow for MAIR Holdings Inc. (MAIR) | | | | | | | Cash Flow | in Thousands of Dollars | | | 03/2008 | 03/2007 | 03/2006 | 03/2005 | 03/2004 | | | Net Income | (15,501) | (7,405) | (82,848) | 7,355 | 4,673 | | Depreciation & Amortization | 862 | (569) | 7,455 | 15,316 | 17,144 | | Deferred Income Taxes | - | 352 | (10,500) | 426 | (1,289) | | Operating Losses | (1,033) | - | 90,156 | (13) | 1,614 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 1,222 | 1,102 | (36,671) | (1,682) | 12,229 | | Decrease in Inventories | (740) | (61) | (791) | (2,370) | (205) | | Decrease in Other Current Assets | 1,649 | (1,981) | (2,279) | (2,366) | (456) | | Increase in Payables | (16,215) | (803) | 15,433 | 5,450 | 12,210 | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 11,102 | 317 | (1,436) | - | - | | Net Cash from Continuing Operations | (18,654) | (9,048) | (21,481) | 22,116 | 45,920 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (18,654) | (9,048) | (21,481) | 22,116 | 45,920 | | | | Sale of Property, Plant, Equipment | 407 | - | 617 | - | - | | Sale of Short Term Investments | 42,959 | 63,768 | 181,496 | 97,482 | 48,246 | | | Purchase of Property, Plant, Equipment | (21,983) | (577) | (6,482) | (9,659) | (10,717) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | (14,394) | (36,270) | (145,613) | (105,702) | (91,140) | | Other Investment Changes, Net | 355 | (13,664) | (19,579) | - | - | | Cash from Investing Activities | 7,344 | 13,257 | 10,439 | (17,879) | (53,611) | | | Issuance of Debt | 773 | - | 245 | - | - | | Issuance of Capital Stock | 445 | 467 | 114 | 1,203 | 356 | | | Repayment of Debt | - | - | (150) | (133) | (244) | | Repurchase of Capital Stock | - | (24,043) | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | (875) | 825 | - | - | - | | Cash from Financing Activities | 343 | (22,751) | 209 | 1,070 | 112 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (10,967) | (18,542) | (10,833) | 5,307 | (7,579) | | | Cash at Beginning of Year | 28,593 | 47,135 | 57,968 | 52,661 | 62,140 | | Cash at End of Period | 17,626 | 28,593 | 47,135 | 57,968 | 54,561 | | | |
