| Cash Flow for NL Industries Inc. (NL) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (1,731) | 26,110 | 32,888 | 210,383 | 63,662 | | Depreciation & Amortization | 11,375 | 12,220 | 11,334 | 36,402 | 40,095 | | Deferred Income Taxes | (12,604) | 8,407 | (10,791) | (287,814) | 33,742 | | Operating Losses | 22,705 | (7,282) | (21,529) | 161,089 | (16,092) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 1,032 | 541 | 246 | (44,994) | 3,262 | | Decrease in Inventories | (1,813) | 2,258 | (936) | 50,062 | (26,041) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (918) | (7,107) | (4,038) | (31,110) | (10,606) | | Increase in Other Current Liabilities | (14,289) | 509 | (10,747) | 3,860 | (680) | | Decrease in Other Working Capital | (4,533) | (3,929) | (1,684) | (6,916) | - | | Other Non-Cash Items | (1,835) | (3,078) | - | (88,434) | - | | Net Cash from Continuing Operations | (2,771) | 29,001 | (5,298) | 4,297 | 90,528 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (2,771) | 29,001 | (5,298) | 4,297 | 90,528 | | | | Sale of Property, Plant, Equipment | 73 | 1,316 | 27 | 2,222 | 12,801 | | Sale of Short Term Investments | 36,894 | 16,849 | 6,301 | 2,745 | - | | | Purchase of Property, Plant, Equipment | (13,998) | (12,148) | (10,676) | (16,209) | (35,354) | | Acquisitions | 383 | (9,832) | (7,342) | - | - | | Purchase of Short Term Investments | (5,861) | (17,501) | (7,503) | - | - | | Other Investment Changes, Net | - | (3,915) | 37,674 | 45,790 | 3,346 | | Cash from Investing Activities | 17,491 | (25,231) | 18,481 | 34,548 | (19,207) | | | Issuance of Debt | - | - | 18 | 102,225 | 16,106 | | Issuance of Capital Stock | 1,395 | 435 | 3,146 | 9,818 | 1,738 | | | Repayment of Debt | (2,600) | (1,563) | (93) | (128,091) | (46,006) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | (24,295) | (24,284) | (36,419) | - | (38,183) | | Other Financing Charges, Net | (1,845) | (2,271) | (2,498) | (12,663) | (14) | | Cash from Financing Activities | (27,345) | (27,683) | (35,846) | (28,711) | (66,359) | | | | Effect of Exchange Rate Changes | 995 | (257) | 390 | (474) | 4,746 | | Net Change in Cash | (11,630) | (24,170) | (22,273) | 9,660 | 9,708 | | | Cash at Beginning of Year | 52,742 | 76,912 | 99,185 | 89,525 | 58,091 | | Cash at End of Period | 41,112 | 52,742 | 76,912 | 99,185 | 67,799 | | | |
