| Cash Flow for McGrath RentCorp (MGRC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 42,410 | 41,078 | 40,819 | 29,997 | 22,692 | | Depreciation & Amortization | 54,002 | 47,461 | 46,433 | 34,501 | 14,692 | | Deferred Income Taxes | 11,533 | 5,915 | - | - | 11,161 | | Operating Losses | (10,027) | (9,747) | (8,773) | (8,172) | (5,057) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (8,422) | 3,727 | (10,701) | (8,370) | 685 | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (631) | 8,829 | 2,646 | 6,231 | 1,781 | | Increase in Other Current Liabilities | 3,096 | (2,280) | 12,741 | 10,433 | 4,633 | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 4,652 | 3,988 | - | - | 112 | | Net Cash from Continuing Operations | 94,892 | 99,119 | 81,853 | 62,272 | 47,944 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 94,892 | 99,119 | 81,853 | 62,272 | 47,944 | | | | Sale of Property, Plant, Equipment | 25,694 | 24,144 | 31,406 | 27,422 | 14,956 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (114,492) | (114,167) | (116,013) | (67,053) | (36,614) | | Acquisitions | (3,756) | - | - | (120,209) | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (92,554) | (90,023) | (84,607) | (159,840) | (21,658) | | | Issuance of Debt | 32,172 | 2,325 | 11,344 | 104,622 | - | | Issuance of Capital Stock | 4,194 | 4,638 | 4,595 | 3,630 | 1,716 | | | Repayment of Debt | - | - | - | - | (8,257) | | Repurchase of Capital Stock | (17,671) | (526) | (30) | (40) | (10,254) | | Payment of Cash Dividends | (17,673) | (15,460) | (13,068) | (10,459) | (9,491) | | Other Financing Charges, Net | 1,381 | - | - | - | - | | Cash from Financing Activities | 2,403 | (9,023) | 2,841 | 97,753 | (26,286) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 4,741 | 73 | 87 | 185 | - | | | Cash at Beginning of Year | 349 | 276 | 189 | 4 | 4 | | Cash at End of Period | 5,090 | 349 | 276 | 189 | 4 | | | |
