| Cash Flow for Patterson Companies Inc. (PDCO) | | | | | | | Cash Flow | in Thousands of Dollars | | | 04/2008 | 04/2007 | 04/2006 | 04/2005 | 04/2004 | | | Net Income | 224,858 | 208,336 | 198,425 | 183,698 | 149,465 | | Depreciation & Amortization | 19,492 | 19,791 | 16,693 | 14,648 | 12,231 | | Deferred Income Taxes | 13,146 | 124 | 3,860 | 840 | 2,785 | | Operating Losses | - | - | - | 1,546 | 2,348 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (3,282) | (12,246) | (24,112) | (31,365) | (4,241) | | Decrease in Inventories | (27,036) | (3,817) | (26,539) | (22,033) | (8,468) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 9,231 | 7,739 | 4,562 | 18,600 | 21,585 | | Increase in Other Current Liabilities | 13,450 | 2,633 | (560) | 28,170 | 12,220 | | Decrease in Other Working Capital | (1,760) | 6,096 | (18,868) | 987 | 2,606 | | Other Non-Cash Items | 10,492 | 9,139 | 3,514 | - | - | | Net Cash from Continuing Operations | 265,379 | 243,505 | 163,958 | 207,305 | 197,741 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 265,379 | 243,505 | 163,958 | 207,305 | 197,741 | | | | Sale of Property, Plant, Equipment | - | 9,163 | - | - | - | | Sale of Short Term Investments | - | - | 35,062 | 16,777 | 14,248 | | | Purchase of Property, Plant, Equipment | (35,991) | (19,507) | (149,153) | (31,533) | (19,624) | | Acquisitions | (22,694) | (12,665) | (39,228) | (72,855) | (606,382) | | Purchase of Short Term Investments | - | - | (21,680) | (22,141) | - | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (58,685) | (23,009) | (174,999) | (109,752) | (611,758) | | | Issuance of Debt | 525,000 | - | - | - | 498,750 | | Issuance of Capital Stock | 13,107 | 19,205 | 20,354 | 20,223 | 14,296 | | | Repayment of Debt | (50,024) | (225,017) | (20,031) | (176,269) | (8,882) | | Repurchase of Capital Stock | (636,093) | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 765 | 1,860 | 1,101 | 775 | 891 | | Cash from Financing Activities | (147,245) | (203,952) | 1,424 | (155,271) | 505,055 | | | | Effect of Exchange Rate Changes | 6,924 | 855 | 1,460 | 3,107 | 940 | | Net Change in Cash | 66,373 | 17,399 | (8,157) | (54,611) | 91,978 | | | Cash at Beginning of Year | 241,791 | 224,392 | 232,549 | 287,160 | 195,182 | | Cash at End of Period | 308,164 | 241,791 | 224,392 | 232,549 | 287,160 | | | |
