| Cash Flow for Radio One Inc. (ROIAK) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (387,118) | (6,730) | 50,530 | 61,602 | 53,783 | | Depreciation & Amortization | 15,250 | 15,832 | 16,590 | 16,934 | 18,078 | | Deferred Income Taxes | (28,013) | 2,066 | 24,454 | 38,147 | 31,893 | | Operating Losses | 15,363 | (13,283) | 10,779 | 6,321 | 3,913 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 5,981 | 5,301 | (691) | 603 | 2,273 | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | (195) | 695 | | Increase in Payables | (3,915) | 2,618 | (6,057) | 1,712 | 10 | | Increase in Other Current Liabilities | 700 | (4,649) | 4,861 | (1,825) | (3,059) | | Decrease in Other Working Capital | 1,651 | 3,512 | - | - | - | | Other Non-Cash Items | 412,566 | 70,322 | - | - | - | | Net Cash from Continuing Operations | 32,104 | 79,399 | 101,631 | 123,719 | 109,720 | | Net Cash from Discontinued Operations | 11,910 | (1,863) | - | - | - | | Cash from Operating Activities | 44,014 | 77,536 | 101,631 | 123,719 | 109,720 | | | | Sale of Property, Plant, Equipment | 108,100 | 30,000 | - | 19 | - | | Sale of Short Term Investments | - | - | 10,000 | 30,700 | 40,700 | | | Purchase of Property, Plant, Equipment | (16,539) | (15,420) | (15,737) | (12,979) | (11,382) | | Acquisitions | - | (43,188) | (21,320) | - | - | | Purchase of Short Term Investments | - | (17,086) | (271) | (18,890) | (60,051) | | Other Investment Changes, Net | - | - | (977) | (154,348) | (13,624) | | Cash from Investing Activities | 78,468 | (46,227) | (28,305) | (155,498) | (44,357) | | | Issuance of Debt | - | 33,000 | 587,500 | 75,000 | - | | Issuance of Capital Stock | - | 52 | 1,003 | 1,721 | 1,545 | | | Repayment of Debt | (124,697) | (48,020) | (455,007) | (52,506) | (52,500) | | Repurchase of Capital Stock | - | - | (387,478) | - | (1,673) | | Payment of Cash Dividends | - | - | (6,959) | (20,140) | (20,140) | | Other Financing Charges, Net | (5,944) | (3,016) | 196,305 | 85 | - | | Cash from Financing Activities | (130,641) | (17,984) | (64,636) | 4,160 | (72,768) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (8,159) | 13,325 | 8,690 | (27,619) | (7,405) | | | Cash at Beginning of Year | 32,406 | 19,081 | 10,391 | 38,010 | 45,415 | | Cash at End of Period | 24,247 | 32,406 | 19,081 | 10,391 | 38,010 | | | |
