| Cash Flow for Martin Midstream Partners L.P. Ltd. Partnership (MMLP) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 24,939 | 22,243 | 13,880 | 12,326 | 11,981 | | Depreciation & Amortization | 23,442 | 17,597 | 12,628 | 8,753 | 4,765 | | Deferred Income Taxes | (149) | - | - | - | - | | Operating Losses | (10,075) | (8,213) | (1,054) | (851) | (3,393) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (30,902) | 8,973 | (12,122) | (16,496) | (7,545) | | Decrease in Inventories | (18,297) | 890 | (4,474) | (3,502) | (4,152) | | Decrease in Other Current Assets | (797) | 115 | 36 | 32 | (313) | | Increase in Payables | 57,352 | (1,842) | 27,669 | 9,171 | 3,359 | | Increase in Other Current Liabilities | (1,816) | (5,912) | (5,671) | 2,493 | 5,085 | | Decrease in Other Working Capital | (154) | (371) | - | - | - | | Other Non-Cash Items | 13,241 | 4,797 | 611 | - | - | | Net Cash from Continuing Operations | 58,017 | 39,317 | 32,103 | 12,812 | 10,273 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 58,017 | 39,317 | 32,103 | 12,812 | 10,273 | | | | Sale of Property, Plant, Equipment | 1,290 | 1,825 | 95 | 114 | 3 | | Sale of Short Term Investments | 1,952 | - | - | - | - | | | Purchase of Property, Plant, Equipment | (82,164) | (66,352) | (24,814) | (5,182) | (2,904) | | Acquisitions | (41,271) | (24,306) | (114,167) | (31,234) | (29,028) | | Purchase of Short Term Investments | - | - | (322) | - | - | | Other Investment Changes, Net | - | 4,812 | 697 | 1,980 | 4,308 | | Cash from Investing Activities | (127,103) | (95,098) | (138,511) | (34,322) | (27,621) | | | Issuance of Debt | 219,950 | 135,801 | 250,900 | 49,215 | 32,000 | | Issuance of Capital Stock | 55,933 | 15,000 | 15,502 | 34,016 | - | | | Repayment of Debt | (169,024) | (163,010) | (134,091) | (43,215) | (921) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | (37,903) | (32,059) | (18,967) | (17,454) | (13,195) | | Other Financing Charges, Net | 940 | 97,259 | (3,655) | (138) | - | | Cash from Financing Activities | 69,896 | 52,991 | 109,689 | 22,424 | 17,884 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 810 | (2,790) | 3,281 | 914 | 536 | | | Cash at Beginning of Year | 3,303 | 6,465 | 3,184 | 2,270 | 1,734 | | Cash at End of Period | 4,113 | 3,675 | 6,465 | 3,184 | 2,270 | | | |
