| Cash Flow for Navarre Corp. (NAVR) | | | | | | | Cash Flow | in Thousands of Dollars | | | 03/2008 | 03/2007 | 03/2006 | 03/2005 | 03/2004 | | | Net Income | 9,658 | 4,059 | (3,175) | 12,548 | 8,896 | | Depreciation & Amortization | 9,672 | 11,068 | 9,384 | 3,661 | 2,000 | | Deferred Income Taxes | 2,788 | (1,439) | (2,266) | (4,257) | - | | Operating Losses | (171) | (13) | (1,495) | 11,794 | 1,334 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (6,306) | 5,306 | 4,075 | (13,641) | (12,205) | | Decrease in Inventories | 4,137 | 3,397 | (2,671) | (10,536) | (4,252) | | Decrease in Other Current Assets | - | - | - | (2,985) | (1,536) | | Increase in Payables | 5,054 | 1,297 | (731) | 4,163 | 13,776 | | Increase in Other Current Liabilities | 3,704 | (2,316) | (2,692) | 5,599 | (992) | | Decrease in Other Working Capital | (17,122) | (11,678) | (14,164) | - | - | | Other Non-Cash Items | 41 | 4,936 | - | - | - | | Net Cash from Continuing Operations | 20,987 | 22,494 | (7,305) | (168) | 7,393 | | Net Cash from Discontinued Operations | 2,984 | - | - | - | - | | Cash from Operating Activities | 23,971 | 22,494 | (7,305) | (168) | 7,393 | | | | Sale of Property, Plant, Equipment | - | 57 | - | 6,401 | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (9,941) | (8,587) | (3,543) | (9,292) | (4,988) | | Acquisitions | - | (350) | (87,435) | - | (10,465) | | Purchase of Short Term Investments | (4,000) | - | - | - | - | | Other Investment Changes, Net | - | - | (18) | (2,918) | (57) | | Cash from Investing Activities | (7,441) | (8,880) | (90,996) | (5,809) | (15,510) | | | Issuance of Debt | 198,379 | 112,240 | 141,075 | 117,197 | 417,094 | | Issuance of Capital Stock | 190 | 466 | 18,983 | 8,238 | 12,549 | | | Repayment of Debt | (211,380) | (138,529) | (59,961) | (117,907) | (417,516) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | (240) | (1,121) | (3,071) | (527) | - | | Cash from Financing Activities | (13,051) | (26,944) | 97,026 | 7,001 | 12,127 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 3,479 | (13,330) | (1,275) | 1,024 | 4,010 | | | Cash at Beginning of Year | 966 | 14,296 | 15,571 | 14,495 | 10,485 | | Cash at End of Period | 4,445 | 966 | 14,296 | 15,519 | 14,495 | | | |
