| Cash Flow for Patriot Transportation Holding Inc. (PATR) | | | | | | | Cash Flow | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Net Income | 9,505 | 8,078 | 7,609 | 20,740 | 4,575 | | Depreciation & Amortization | 14,160 | 13,510 | 12,479 | 12,230 | 11,956 | | Deferred Income Taxes | 721 | 96 | (2,421) | 4,916 | 879 | | Operating Losses | (880) | (1,172) | (314) | (23,716) | (210) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 778 | (30) | (2,608) | (1,791) | 20 | | Decrease in Inventories | 111 | (55) | (157) | 28 | (37) | | Decrease in Other Current Assets | (1,588) | (92) | (2,048) | (1,021) | (435) | | Increase in Payables | 168 | 2,449 | 4,677 | (994) | (1,167) | | Increase in Other Current Liabilities | 682 | (622) | (6,682) | 6,658 | 412 | | Decrease in Other Working Capital | (1,466) | (358) | - | - | - | | Other Non-Cash Items | 1,131 | 968 | - | - | 63 | | Net Cash from Continuing Operations | 23,322 | 22,772 | 10,535 | 17,050 | 16,056 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 23,322 | 22,772 | 10,535 | 17,050 | 16,056 | | | | Sale of Property, Plant, Equipment | 1,672 | 1,688 | 1,377 | 30,600 | 2,094 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (17,354) | (40,601) | (28,574) | (21,969) | (20,413) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (3,518) | - | 16,553 | (14,758) | (2,563) | | Cash from Investing Activities | (19,200) | (38,913) | (10,644) | (6,127) | (20,882) | | | Issuance of Debt | 35,178 | 14,536 | 7,003 | 11,213 | 12,100 | | Issuance of Capital Stock | 1,001 | 699 | 877 | 1,489 | 412 | | | Repayment of Debt | (14,368) | (2,312) | (5,004) | (21,673) | (1,340) | | Repurchase of Capital Stock | - | - | - | (2,510) | (6,118) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 857 | 406 | - | - | - | | Cash from Financing Activities | 22,668 | 13,329 | 2,876 | (11,481) | 5,054 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 26,790 | (2,812) | 2,767 | (558) | 228 | | | Cash at Beginning of Year | 154 | 2,966 | 199 | 757 | 529 | | Cash at End of Period | 26,944 | 154 | 2,966 | 199 | 757 | | | |
