| Cash Flow for Pacer International Inc. (PACR) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 54,300 | 68,300 | 50,900 | 47,200 | 31,300 | | Depreciation & Amortization | 6,200 | 7,000 | 6,900 | 7,200 | 7,900 | | Deferred Income Taxes | 8,000 | 9,200 | 2,500 | 12,400 | 14,900 | | Operating Losses | (900) | (200) | 11,200 | - | 8,700 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 5,100 | 8,900 | 12,800 | (29,100) | 12,600 | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 32,700 | - | - | 4,700 | - | | Increase in Other Current Liabilities | - | (23,500) | 16,500 | - | (9,700) | | Decrease in Other Working Capital | (2,300) | 900 | 700 | 500 | (200) | | Other Non-Cash Items | 4,500 | (2,300) | - | - | - | | Net Cash from Continuing Operations | 108,000 | 63,600 | 100,900 | 44,400 | 60,200 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 108,000 | 63,600 | 100,900 | 44,400 | 60,200 | | | | Sale of Property, Plant, Equipment | 900 | 200 | 300 | 300 | 200 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (14,000) | (3,700) | (5,300) | (4,600) | (3,400) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (13,100) | (3,500) | (5,000) | (4,300) | (3,200) | | | Issuance of Debt | 63,200 | 3,100 | - | 18,600 | 241,800 | | Issuance of Capital Stock | 1,800 | 4,400 | 1,800 | 700 | 3,100 | | | Repayment of Debt | (59,000) | (31,000) | (82,700) | (60,000) | (302,600) | | Repurchase of Capital Stock | (72,500) | (26,800) | - | - | - | | Payment of Cash Dividends | (21,600) | (22,500) | (5,600) | - | - | | Other Financing Charges, Net | 200 | 3,800 | - | - | - | | Cash from Financing Activities | (87,900) | (69,000) | (86,500) | (40,700) | (57,700) | | | | Effect of Exchange Rate Changes | (300) | (200) | (300) | (200) | 1,500 | | Net Change in Cash | 6,700 | (9,100) | 9,100 | (800) | 800 | | | Cash at Beginning of Year | - | 9,100 | - | 800 | - | | Cash at End of Period | 6,700 | - | 9,100 | - | 800 | | | |
