| Cash Flow for Novatel Wireless Inc. New (NVTL) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 38,762 | 443 | 11,116 | 13,819 | (11,638) | | Depreciation & Amortization | 10,953 | 8,037 | 4,472 | 3,655 | 3,689 | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | 102 | - | 4,070 | 560 | 5,593 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (24,478) | (20,288) | (14,079) | (4,676) | (2,320) | | Decrease in Inventories | (3,012) | (5,454) | (16,415) | (7,435) | (59) | | Decrease in Other Current Assets | - | - | - | 635 | (530) | | Increase in Payables | (799) | 5,120 | 28,274 | (778) | (189) | | Increase in Other Current Liabilities | 31,694 | 6,332 | 2,822 | 447 | 4,567 | | Decrease in Other Working Capital | - | (157) | - | - | - | | Other Non-Cash Items | (1,176) | 8,111 | - | - | - | | Net Cash from Continuing Operations | 50,844 | 8,616 | 12,506 | 5,643 | (357) | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 50,844 | 8,616 | 12,506 | 5,643 | (357) | | | | Sale of Property, Plant, Equipment | 125 | - | - | 31 | 321 | | Sale of Short Term Investments | 69,570 | 65,227 | 54,684 | 10,718 | - | | | Purchase of Property, Plant, Equipment | (16,444) | (8,125) | (6,752) | (2,378) | (225) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | (88,336) | (60,758) | (43,664) | (35,687) | - | | Other Investment Changes, Net | - | (500) | (390) | (1,820) | (395) | | Cash from Investing Activities | (35,085) | (4,156) | 3,878 | (69,238) | (299) | | | Issuance of Debt | - | - | 5,000 | - | 1,095 | | Issuance of Capital Stock | 24,990 | 1,674 | 1,031 | 77,214 | 4,330 | | | Repayment of Debt | (51) | (8,891) | (2,794) | (1,075) | (2,234) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 9,290 | 716 | 546 | - | (164) | | Cash from Financing Activities | 34,229 | (6,501) | 3,783 | 76,139 | 3,027 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 49,988 | (2,041) | 20,167 | 12,544 | 2,371 | | | Cash at Beginning of Year | 34,612 | 36,653 | 16,486 | 3,942 | 1,571 | | Cash at End of Period | 84,600 | 34,612 | 36,653 | 16,486 | 3,942 | | | |
