| Cash Flow for Oplink Communications Inc. (OPLK) | | | | | | | Cash Flow | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Net Income | (6,758) | 13,174 | 1,938 | (2,647) | (6,441) | | Depreciation & Amortization | 7,107 | 4,918 | 6,169 | 7,697 | 8,221 | | Deferred Income Taxes | N/A | - | - | - | - | | Operating Losses | (2,424) | (1,123) | 1,496 | 633 | 1,494 | | Extraordinary Losses | N/A | - | - | - | - | | | Decrease in Receivables | N/A | (12,185) | (6,024) | 418 | (2,829) | | Decrease in Inventories | N/A | (1,236) | (328) | (2,232) | (1,268) | | Decrease in Other Current Assets | N/A | - | - | 141 | 207 | | Increase in Payables | N/A | 2,331 | 487 | (1,268) | 102 | | Increase in Other Current Liabilities | N/A | 244 | (830) | (1,433) | (1,572) | | Decrease in Other Working Capital | (3,578) | 775 | 156 | - | - | | Other Non-Cash Items | 9,940 | 4,933 | 2,664 | - | - | | Net Cash from Continuing Operations | 7,629 | 12,665 | 5,783 | 2,371 | (545) | | Net Cash from Discontinued Operations | N/A | - | - | - | - | | Cash from Operating Activities | 7,629 | 12,665 | 5,783 | 2,371 | (545) | | | | Sale of Property, Plant, Equipment | 19,324 | 12 | 130 | 434 | 588 | | Sale of Short Term Investments | 51,670 | 211,281 | 63,266 | 123,450 | 160,279 | | | Purchase of Property, Plant, Equipment | N/A | (2,635) | (1,662) | (6,636) | (305) | | Acquisitions | (81,445) | (3,917) | (5,871) | (717) | - | | Purchase of Short Term Investments | N/A | (122,258) | (46,030) | (147,072) | (174,083) | | Other Investment Changes, Net | N/A | - | - | - | 404 | | Cash from Investing Activities | (10,451) | 82,483 | (30,452) | (30,541) | (13,117) | | | Issuance of Debt | N/A | - | - | - | - | | Issuance of Capital Stock | 3,217 | 8,550 | 2,763 | 1,259 | 4,019 | | | Repayment of Debt | N/A | - | - | (81) | (1,480) | | Repurchase of Capital Stock | (40,000) | - | (11) | - | - | | Payment of Cash Dividends | N/A | - | - | - | - | | Other Financing Charges, Net | N/A | - | - | 12 | 15 | | Cash from Financing Activities | 36,783 | 8,550 | 2,752 | 1,190 | 2,554 | | | | Effect of Exchange Rate Changes | 6 | 46 | 63 | - | - | | Net Change in Cash | (39,599) | 103,744 | (21,854) | (26,980) | (11,108) | | | Cash at Beginning of Year | 111,600 | 7,856 | 29,710 | 56,690 | 121,498 | | Cash at End of Period | 72,001 | 111,600 | 7,856 | 29,710 | 110,390 | | | |
