| Cash Flow for NCI Inc. (NCIT) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Net Income | 12,571 | 9,259 | 12,315 | 6,128 | | Depreciation & Amortization | 3,012 | 2,586 | 2,689 | 2,993 | | Deferred Income Taxes | 321 | 2,834 | (2,657) | - | | Operating Losses | (4) | (3) | 1,900 | 1,117 | | Extraordinary Losses | - | - | - | - | | | Decrease in Receivables | (5,776) | (19,230) | (8,152) | (5,297) | | Decrease in Inventories | - | - | - | - | | Decrease in Other Current Assets | - | - | - | - | | Increase in Payables | 4,996 | 13,858 | 1,768 | 1,550 | | Increase in Other Current Liabilities | 2,289 | (98) | 1,112 | 1,642 | | Decrease in Other Working Capital | (485) | (431) | - | - | | Other Non-Cash Items | 774 | 156 | - | - | | Net Cash from Continuing Operations | 18,004 | 8,092 | 8,902 | 9,232 | | Net Cash from Discontinued Operations | - | - | - | - | | Cash from Operating Activities | 18,004 | 8,092 | 8,902 | 9,232 | | | | Sale of Property, Plant, Equipment | 4 | 6 | 7 | - | | Sale of Short Term Investments | - | - | - | - | | | Purchase of Property, Plant, Equipment | (1,003) | (314) | (1,269) | (1,055) | | Acquisitions | (73,856) | - | (1,919) | (1,157) | | Purchase of Short Term Investments | - | - | - | - | | Other Investment Changes, Net | - | - | - | - | | Cash from Investing Activities | (74,855) | (308) | (3,181) | (2,212) | | | Issuance of Debt | 42,942 | - | 51,682 | 238 | | Issuance of Capital Stock | 221 | - | - | - | | | Repayment of Debt | (222) | (311) | (24,142) | (5,078) | | Repurchase of Capital Stock | - | - | - | - | | Payment of Cash Dividends | - | (5,866) | (20,978) | (3,480) | | Other Financing Charges, Net | 89 | - | - | - | | Cash from Financing Activities | 43,030 | (6,177) | 6,562 | (8,320) | | | | Effect of Exchange Rate Changes | - | - | - | - | | Net Change in Cash | (13,821) | 1,607 | 12,283 | (1,300) | | | Cash at Beginning of Year | 13,930 | 12,323 | 40 | 1,340 | | Cash at End of Period | 109 | 13,930 | 12,323 | 40 | | | |
