| Cash Flow for PacificNet Inc. (PACT) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Net Income | (20,093) | 2,489 | 774 | (1,878) | (2,921) | | Depreciation & Amortization | 1,661 | 1,126 | 78 | 72 | 154 | | Deferred Income Taxes | - | - | - | - | - | | Operating Losses | 4,863 | 2,737 | 2,523 | 519 | 772 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (10,689) | 2,732 | (7,793) | 272 | 145 | | Decrease in Inventories | (38) | (539) | (1,221) | - | 93 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 391 | (3,880) | 1,921 | - | (525) | | Increase in Other Current Liabilities | - | - | - | 106 | - | | Decrease in Other Working Capital | 1,129 | - | - | - | - | | Other Non-Cash Items | 13,236 | - | - | - | - | | Net Cash from Continuing Operations | (8,850) | 4,665 | (3,718) | (905) | (2,172) | | Net Cash from Discontinued Operations | 1,094 | - | - | - | - | | Cash from Operating Activities | (7,756) | 4,665 | (3,718) | (905) | (2,172) | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (2,608) | (2,252) | (730) | (29) | (14) | | Acquisitions | (667) | (1,183) | (640) | (230) | - | | Purchase of Short Term Investments | (19) | (521) | (46) | - | - | | Other Investment Changes, Net | 869 | 1,849 | (3,289) | (52) | (22) | | Cash from Investing Activities | (2,425) | (2,107) | (4,705) | (311) | (36) | | | Issuance of Debt | 8,744 | 778 | - | 1,400 | - | | Issuance of Capital Stock | 237 | 1,014 | 12,489 | 410 | 4,000 | | | Repayment of Debt | (205) | (1,206) | (1,026) | (465) | - | | Repurchase of Capital Stock | (138) | (15) | (99) | - | (5) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | (314) | - | - | - | | Cash from Financing Activities | 8,638 | 257 | 11,364 | 1,345 | 3,995 | | | | Effect of Exchange Rate Changes | (43) | - | - | - | (2) | | Net Change in Cash | (1,587) | 2,815 | 2,941 | 129 | 1,785 | | | Cash at Beginning of Year | 3,487 | 6,764 | 3,823 | 3,694 | 1,344 | | Cash at End of Period | 1,900 | 9,579 | 6,764 | 3,823 | 3,129 | | | |
