| Cash Flow for OPNET Technologies Inc. (OPNT) | | | | | | | Cash Flow | in Thousands of Dollars | | | 03/2008 | 03/2007 | 03/2006 | 03/2005 | 03/2004 | | | Net Income | 533 | 7,965 | 2,137 | 2,052 | 5,758 | | Depreciation & Amortization | 4,018 | 2,348 | 2,422 | 2,323 | 2,087 | | Deferred Income Taxes | (882) | 50 | (727) | 708 | 192 | | Operating Losses | 11 | 12 | 5 | 63 | 263 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (942) | (9,944) | 413 | (3,329) | (5,311) | | Decrease in Inventories | (116) | - | - | - | - | | Decrease in Other Current Assets | - | - | (34) | 50 | (69) | | Increase in Payables | 213 | (743) | 191 | (106) | 719 | | Increase in Other Current Liabilities | - | 7,522 | 2,760 | 2,521 | 6,375 | | Decrease in Other Working Capital | 7,144 | (345) | - | - | - | | Other Non-Cash Items | 1,606 | 1,487 | 54 | - | - | | Net Cash from Continuing Operations | 12,900 | 6,201 | 8,705 | 4,689 | 9,521 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 12,900 | 6,201 | 8,705 | 4,689 | 9,521 | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | 156,615 | 72,155 | 56,852 | 54,424 | 27,564 | | | Purchase of Property, Plant, Equipment | (4,557) | (3,895) | (1,456) | (1,528) | (1,013) | | Acquisitions | (10,005) | - | - | (3,431) | - | | Purchase of Short Term Investments | (114,799) | (109,637) | (31,940) | (58,437) | (67,546) | | Other Investment Changes, Net | - | - | (793) | - | (183) | | Cash from Investing Activities | 27,254 | (41,377) | 22,663 | (8,972) | (41,178) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 1,354 | 3,740 | 1,111 | 1,079 | 2,938 | | | Repayment of Debt | - | (150) | - | (40) | - | | Repurchase of Capital Stock | (5,013) | (1,521) | (3,625) | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 29 | 383 | - | - | - | | Cash from Financing Activities | (3,630) | 2,452 | (2,514) | 1,039 | 2,938 | | | | Effect of Exchange Rate Changes | 120 | 780 | (315) | (77) | (40) | | Net Change in Cash | 36,644 | (31,944) | 28,539 | (3,321) | (28,759) | | | Cash at Beginning of Year | 34,766 | 66,710 | 38,171 | 41,492 | 70,251 | | Cash at End of Period | 71,410 | 34,766 | 66,710 | 38,171 | 41,492 | | | |
