| Cash Flow for National Technical Systems Inc. (NTSC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Net Income | 2,615 | 1,581 | 2,939 | 1,682 | 1,293 | | Depreciation & Amortization | 6,155 | 5,822 | 5,283 | 4,798 | 4,776 | | Deferred Income Taxes | (291) | (329) | (300) | 352 | 732 | | Operating Losses | (354) | (101) | (147) | (50) | (353) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (2,242) | (1,102) | (1,166) | 34 | 2,028 | | Decrease in Inventories | (23) | (673) | (572) | 383 | 514 | | Decrease in Other Current Assets | (327) | 10 | (166) | (265) | (199) | | Increase in Payables | (106) | 896 | 1,104 | (973) | (207) | | Increase in Other Current Liabilities | 349 | (460) | 2,663 | 468 | (83) | | Decrease in Other Working Capital | (190) | (172) | - | - | - | | Other Non-Cash Items | 805 | 938 | - | - | - | | Net Cash from Continuing Operations | 6,022 | 6,253 | 9,535 | 6,590 | 8,804 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 6,022 | 6,253 | 9,535 | 6,590 | 8,804 | | | | Sale of Property, Plant, Equipment | - | - | 543 | 311 | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (5,100) | (6,028) | (7,287) | (5,189) | (4,599) | | Acquisitions | (13,082) | (3,055) | (483) | (1,033) | (2,687) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | (181) | (178) | (184) | | Cash from Investing Activities | (18,387) | (9,280) | (7,408) | (6,089) | (7,470) | | | Issuance of Debt | 24,697 | 15,326 | 2,651 | 2,228 | 1,831 | | Issuance of Capital Stock | 402 | 633 | 244 | 300 | 184 | | | Repayment of Debt | (13,058) | (9,949) | (7,075) | (1,502) | (2,141) | | Repurchase of Capital Stock | - | (3,893) | - | - | (106) | | Payment of Cash Dividends | (50) | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 11,991 | 2,117 | (4,180) | 1,026 | (232) | | | | Effect of Exchange Rate Changes | 16 | (65) | 48 | 13 | - | | Net Change in Cash | (358) | (975) | (2,005) | 1,540 | 1,102 | | | Cash at Beginning of Year | 3,221 | 4,196 | 6,201 | 4,661 | 3,559 | | Cash at End of Period | 2,863 | 3,221 | 4,196 | 6,201 | 4,661 | | | |
