| Cash Flow for National Dentex Corp. (NADX) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 6,626 | 5,763 | 7,089 | 5,159 | 5,757 | | Depreciation & Amortization | 5,338 | 4,815 | 3,940 | 3,132 | 2,383 | | Deferred Income Taxes | (265) | (1,379) | (487) | 739 | (119) | | Operating Losses | 150 | (329) | 574 | 333 | 200 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (701) | (480) | (462) | (508) | (333) | | Decrease in Inventories | (226) | (251) | (147) | 316 | (104) | | Decrease in Other Current Assets | - | - | 35 | - | (699) | | Increase in Payables | 2,829 | 1,072 | 2,819 | 636 | (414) | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | (20) | 4 | - | (1,048) | - | | Other Non-Cash Items | 1,185 | 605 | - | - | - | | Net Cash from Continuing Operations | 12,552 | 11,089 | 12,758 | 7,982 | 7,151 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 12,552 | 11,089 | 12,758 | 7,982 | 7,151 | | | | Sale of Property, Plant, Equipment | 183 | 920 | - | - | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (7,536) | (4,899) | (7,578) | (3,248) | (2,715) | | Acquisitions | - | (21,403) | (23,457) | (3,679) | (7,306) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (2,499) | (3,704) | (2,080) | (4,024) | (1,492) | | Cash from Investing Activities | (9,851) | (29,086) | (33,115) | (10,952) | (11,513) | | | Issuance of Debt | 55,370 | 20,968 | 19,884 | 2,000 | - | | Issuance of Capital Stock | 863 | 1,373 | 1,843 | 1,350 | 389 | | | Repayment of Debt | (57,941) | (4,092) | (3,184) | - | - | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | (1,708) | 18,248 | 18,543 | 3,350 | 389 | | | | Effect of Exchange Rate Changes | 48 | (4) | - | - | - | | Net Change in Cash | 1,041 | 247 | (1,814) | 380 | (3,973) | | | Cash at Beginning of Year | 648 | 401 | 2,216 | 1,835 | 5,808 | | Cash at End of Period | 1,689 | 648 | 401 | 2,216 | 1,835 | | | |
