| Cash Flow for NovAtel Inc. (NGPS) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Net Income | 18,449 | 14,374 | 10,663 | 2,407 | 951 | | Depreciation & Amortization | - | - | - | - | - | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | (1,693) | (1,716) | (1,714) | (345) | (91) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (2,225) | (597) | (2,900) | 2,233 | (2,318) | | Decrease in Inventories | (2,265) | (192) | (341) | (55) | 1,132 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 408 | 191 | 2,249 | 554 | 818 | | Increase in Other Current Liabilities | 54 | (151) | 476 | (98) | 246 | | Decrease in Other Working Capital | (700) | 133 | - | - | - | | Other Non-Cash Items | 1,772 | 505 | - | - | - | | Net Cash from Continuing Operations | 16,686 | 14,697 | 10,403 | 5,941 | 2,009 | | Net Cash from Discontinued Operations | - | - | 18 | 279 | - | | Cash from Operating Activities | 16,686 | 14,697 | 10,421 | 6,220 | 2,009 | | | | Sale of Property, Plant, Equipment | 30 | 46 | 24 | 122 | 62 | | Sale of Short Term Investments | 33,204 | 33,018 | 11,555 | - | - | | | Purchase of Property, Plant, Equipment | (5,471) | (2,103) | (1,911) | (2,062) | (765) | | Acquisitions | - | (3,226) | - | (120) | - | | Purchase of Short Term Investments | (44,441) | (48,455) | (14,768) | - | - | | Other Investment Changes, Net | - | - | (399) | (186) | (453) | | Cash from Investing Activities | (17,958) | (20,722) | (5,499) | (2,246) | (1,155) | | | Issuance of Debt | 1,003 | - | 9 | 133 | 389 | | Issuance of Capital Stock | 894 | 620 | 1,254 | 1,125 | 19 | | | Repayment of Debt | (870) | (47) | (93) | (178) | (249) | | Repurchase of Capital Stock | (70) | - | - | (7) | (42) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 1,285 | 96 | (673) | - | 159 | | Cash from Financing Activities | 2,243 | 669 | 498 | 1,073 | 276 | | | | Effect of Exchange Rate Changes | - | - | - | (57) | - | | Net Change in Cash | 972 | (5,355) | 5,420 | 4,990 | 1,129 | | | Cash at Beginning of Year | 2,336 | 7,695 | 2,038 | 5,102 | 3,046 | | Cash at End of Period | 3,307 | 2,340 | 7,458 | 10,092 | 4,175 | | | |
