| Cash Flow for National Medical Health Card Systems Inc. (NMHC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 06/2007 | 06/2006 | 06/2005 | 06/2004 | 06/2003 | | | Net Income | 92 | 9,657 | 12,381 | 7,953 | 6,414 | | Depreciation & Amortization | 9,777 | 7,470 | 6,300 | 5,706 | 4,437 | | Deferred Income Taxes | 1,204 | 1,587 | 2,912 | 1,813 | (433) | | Operating Losses | 657 | 38 | 651 | 1,039 | 807 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 24,314 | 12,061 | (26,937) | (21,144) | (1,323) | | Decrease in Inventories | (584) | (1,547) | (867) | (330) | - | | Decrease in Other Current Assets | (14,431) | (851) | (3,445) | 358 | (1,053) | | Increase in Payables | 8,418 | (12,278) | 12,196 | 28,246 | 6,844 | | Increase in Other Current Liabilities | (32,570) | (10,880) | 5,289 | 693 | 145 | | Decrease in Other Working Capital | 680 | (7) | 2,694 | - | - | | Other Non-Cash Items | 5,658 | 1,185 | (919) | - | - | | Net Cash from Continuing Operations | 3,172 | 7,658 | 10,322 | 23,879 | 15,685 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 3,172 | 7,658 | 10,322 | 23,879 | 15,685 | | | | Sale of Property, Plant, Equipment | 5 | 185 | 3,150 | - | 22 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (5,392) | (7,898) | (5,795) | (7,379) | (2,468) | | Acquisitions | (1,167) | (309) | (1,497) | - | (3,552) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | (31,982) | - | | Cash from Investing Activities | (6,554) | (8,022) | (4,142) | (39,361) | (5,998) | | | Issuance of Debt | - | 82,625 | 724,758 | 871,869 | 688,750 | | Issuance of Capital Stock | 2,319 | 4,876 | 4,188 | 82,277 | 485 | | | Repayment of Debt | (2,659) | (82,654) | (725,183) | (887,948) | (695,651) | | Repurchase of Capital Stock | - | - | - | (51,135) | - | | Payment of Cash Dividends | (4,204) | (5,600) | (5,600) | (1,596) | - | | Other Financing Charges, Net | 221 | 2,255 | (459) | 181 | 183 | | Cash from Financing Activities | (4,323) | 1,502 | (2,296) | 13,648 | (6,233) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (7,705) | 1,138 | 3,884 | (1,834) | 3,454 | | | Cash at Beginning of Year | 8,410 | 7,272 | 3,388 | 5,222 | 1,768 | | Cash at End of Period | 705 | 8,410 | 7,272 | 3,388 | 5,222 | | | |
