| Cash Flow for Open Text Corp. (OTEX) | | | | | | | Cash Flow | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Net Income | 53,006 | 21,660 | 4,978 | 20,359 | 23,298 | | Depreciation & Amortization | 84,291 | 74,638 | 39,202 | 35,449 | 18,409 | | Deferred Income Taxes | (24,326) | (19,097) | (4,314) | (1,168) | (2,244) | | Operating Losses | - | (380) | 579 | (1,472) | 2,012 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (5,626) | 11,089 | 9,406 | 6,452 | (2,461) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | (3,902) | 188 | | Increase in Payables | 914 | 6,195 | (3,204) | (2,765) | (6,845) | | Increase in Other Current Liabilities | 33,751 | 13,746 | 5,228 | 5,638 | 104 | | Decrease in Other Working Capital | 13,874 | (5,682) | (1,073) | - | - | | Other Non-Cash Items | 9,040 | 6,465 | 10,061 | - | - | | Net Cash from Continuing Operations | 165,976 | 110,864 | 60,798 | 57,264 | 37,519 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 165,976 | 110,864 | 60,798 | 57,264 | 37,519 | | | | Sale of Property, Plant, Equipment | - | - | - | - | 19,367 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (6,895) | (5,260) | (19,278) | (17,909) | (6,112) | | Acquisitions | (21,522) | (391,120) | (15,208) | (59,474) | (28,903) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | - | (3,965) | | Cash from Investing Activities | (28,417) | (436,270) | (54,727) | (77,383) | (19,613) | | | Issuance of Debt | - | 390,000 | 12,928 | - | - | | Issuance of Capital Stock | 12,272 | 11,734 | 4,569 | 7,172 | 22,990 | | | Repayment of Debt | (63,616) | (33,247) | (160) | (2,257) | (386) | | Repurchase of Capital Stock | - | - | - | (63,835) | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 730 | (6,148) | 865 | - | (668) | | Cash from Financing Activities | (50,614) | 362,339 | 18,202 | (58,920) | 21,936 | | | | Effect of Exchange Rate Changes | 17,992 | 5,692 | 3,183 | 1,950 | 591 | | Net Change in Cash | 104,937 | 42,625 | 27,456 | (77,089) | 40,433 | | | Cash at Beginning of Year | 149,979 | 107,354 | 79,898 | 156,987 | 116,554 | | Cash at End of Period | 254,916 | 149,979 | 107,354 | 79,898 | 156,987 | | | |
