| Cash Flow for Odyssey Healthcare Inc. (ODSY) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 12,111 | 19,729 | 18,556 | 34,996 | 31,207 | | Depreciation & Amortization | 5,944 | 5,551 | 4,535 | 4,061 | 2,542 | | Deferred Income Taxes | (1,289) | 8,373 | (1,417) | 3,949 | 3,089 | | Operating Losses | 3,158 | - | 6,105 | 9,535 | 11,360 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (18,919) | (8,781) | (4,989) | (8,600) | (26,341) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | 5,055 | (7,718) | 1,427 | 43 | (2,706) | | Increase in Payables | (253) | 20,278 | 21,339 | 3,128 | 8,429 | | Increase in Other Current Liabilities | - | (13,000) | 13,000 | - | - | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 9,414 | 9,343 | - | - | - | | Net Cash from Continuing Operations | 15,334 | 33,884 | 58,665 | 47,180 | 27,605 | | Net Cash from Discontinued Operations | 1,547 | 1,002 | - | - | - | | Cash from Operating Activities | 16,881 | 34,886 | 58,665 | 47,180 | 27,605 | | | | Sale of Property, Plant, Equipment | 698 | - | - | - | - | | Sale of Short Term Investments | 61,650 | 95,365 | - | - | - | | | Purchase of Property, Plant, Equipment | (10,547) | (14,532) | (8,096) | (4,403) | (4,775) | | Acquisitions | (2,424) | (808) | - | (29,106) | (22,469) | | Purchase of Short Term Investments | (49,053) | (109,469) | (39,879) | (7,717) | (12,844) | | Other Investment Changes, Net | - | - | (5,365) | - | - | | Cash from Investing Activities | 324 | (29,444) | (53,340) | (41,226) | (40,088) | | | Issuance of Debt | - | - | - | - | 13 | | Issuance of Capital Stock | 877 | 3,485 | 3,300 | 1,210 | 5,240 | | | Repayment of Debt | (2) | (6) | (5) | (3) | (270) | | Repurchase of Capital Stock | (13,909) | (17,490) | (18,288) | (20,267) | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 643 | 958 | - | (327) | - | | Cash from Financing Activities | (12,391) | (13,053) | (14,993) | (19,387) | 4,983 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 4,814 | (7,611) | (9,668) | (13,433) | (7,500) | | | Cash at Beginning of Year | 7,572 | 15,183 | 24,851 | 38,284 | 7,732 | | Cash at End of Period | 12,386 | 7,572 | 15,183 | 24,851 | 232 | | | |
