| Cash Flow for Neogen Corp. (NEOG) | | | | | | | Cash Flow | in Thousands of Dollars | | | 05/2008 | 05/2007 | 05/2006 | 05/2005 | 05/2004 | | | Net Income | 12,098 | 9,125 | 7,941 | 5,916 | 5,099 | | Depreciation & Amortization | 3,516 | 2,840 | 2,417 | 1,703 | 1,402 | | Deferred Income Taxes | 450 | 813 | 485 | 309 | 512 | | Operating Losses | 253 | 367 | 51 | 274 | 250 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (3,869) | (1,798) | (1,346) | (545) | (2,225) | | Decrease in Inventories | (6,364) | (1,490) | (671) | (1,331) | (831) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 1,666 | 1,675 | 90 | (715) | (210) | | Increase in Other Current Liabilities | (900) | (1,654) | 3,573 | 855 | (429) | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 1,145 | 833 | 703 | - | - | | Net Cash from Continuing Operations | 7,873 | 10,158 | 12,313 | 6,722 | 2,981 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 7,873 | 10,158 | 12,313 | 6,722 | 2,981 | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | - | - | 6,533 | 831 | 39,019 | | | Purchase of Property, Plant, Equipment | (2,471) | (4,704) | (2,692) | (2,688) | (5,043) | | Acquisitions | (10,147) | - | (20,658) | (874) | (10,034) | | Purchase of Short Term Investments | - | - | (6,683) | (500) | (31,514) | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (12,618) | (4,704) | (23,500) | (3,231) | (7,572) | | | Issuance of Debt | - | 71 | 14,640 | - | 3,900 | | Issuance of Capital Stock | 5,060 | 15,435 | 1,098 | 1,023 | 995 | | | Repayment of Debt | - | (9,955) | (4,685) | (3,900) | - | | Repurchase of Capital Stock | - | - | (29) | (257) | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 531 | 460 | - | 250 | - | | Cash from Financing Activities | 5,591 | 6,011 | 11,024 | (2,884) | 4,895 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 846 | 11,465 | (163) | 607 | 304 | | | Cash at Beginning of Year | 13,424 | 1,959 | 1,972 | 1,365 | 1,061 | | Cash at End of Period | 14,270 | 13,424 | 1,809 | 1,972 | 1,365 | | | |
