| Cash Flow for McCormick & Schmick's Seafood Restaurants Inc. (MSSR) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Net Income | 8,814 | 13,348 | 11,008 | 703 | | Depreciation & Amortization | 11,940 | 10,640 | 9,608 | 10,723 | | Deferred Income Taxes | (1,138) | 2,370 | 4,566 | (3,805) | | Operating Losses | - | - | 69 | 7,047 | | Extraordinary Losses | - | - | - | - | | | Decrease in Receivables | (11,553) | (1,175) | (1,942) | (1,299) | | Decrease in Inventories | (1,229) | (465) | (1,133) | (680) | | Decrease in Other Current Assets | - | - | - | - | | Increase in Payables | 8,396 | 2,208 | 556 | 1,659 | | Increase in Other Current Liabilities | 10,761 | 5,046 | 3,773 | 2,499 | | Decrease in Other Working Capital | 2,481 | 2,027 | 3,827 | 5,042 | | Other Non-Cash Items | 6,804 | 1,326 | - | - | | Net Cash from Continuing Operations | 35,231 | 34,427 | 30,158 | 21,452 | | Net Cash from Discontinued Operations | - | - | - | - | | Cash from Operating Activities | 35,231 | 34,427 | 30,158 | 21,452 | | | | Sale of Property, Plant, Equipment | - | - | - | - | | Sale of Short Term Investments | - | - | - | - | | | Purchase of Property, Plant, Equipment | (41,578) | (30,072) | (21,347) | (27,017) | | Acquisitions | (14,481) | - | - | - | | Purchase of Short Term Investments | - | - | - | - | | Other Investment Changes, Net | 58 | (242) | (69) | (267) | | Cash from Investing Activities | (56,001) | (30,314) | (21,416) | (27,284) | | | Issuance of Debt | 41,500 | - | 16,500 | 65,500 | | Issuance of Capital Stock | 4,108 | 1,487 | 8,375 | 65,076 | | | Repayment of Debt | (28,895) | (368) | (29,363) | (97,039) | | Repurchase of Capital Stock | - | - | - | (28,902) | | Payment of Cash Dividends | - | - | - | - | | Other Financing Charges, Net | 914 | 616 | - | (805) | | Cash from Financing Activities | 17,627 | 1,735 | (4,488) | 3,830 | | | | Effect of Exchange Rate Changes | (67) | - | - | - | | Net Change in Cash | (3,210) | 5,848 | 4,254 | (2,002) | | | Cash at Beginning of Year | 10,553 | 4,705 | 451 | 2,453 | | Cash at End of Period | 7,343 | 10,553 | 4,705 | 451 | | | |
