| Cash Flow for Renaissance Learning Inc. (RLRN) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 7,567 | 11,993 | 24,167 | 22,702 | 32,541 | | Depreciation & Amortization | 3,838 | 3,541 | 3,179 | 3,638 | 3,923 | | Deferred Income Taxes | (1,305) | 2,719 | 1,437 | 118 | 114 | | Operating Losses | 30 | (4) | (1,798) | - | - | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 1,737 | 938 | 1,903 | 4,383 | (563) | | Decrease in Inventories | (2,165) | (334) | 568 | (21) | (630) | | Decrease in Other Current Assets | (203) | 293 | 1,460 | 437 | 442 | | Increase in Payables | (1,147) | (1,405) | (1,532) | (2,471) | (70) | | Increase in Other Current Liabilities | - | - | 1,933 | 7,655 | 178 | | Decrease in Other Working Capital | 16,799 | 4,361 | - | - | - | | Other Non-Cash Items | 1,099 | 294 | 181 | (22) | 416 | | Net Cash from Continuing Operations | 25,953 | 22,268 | 31,525 | 37,240 | 38,028 | | Net Cash from Discontinued Operations | - | - | (116) | - | - | | Cash from Operating Activities | 25,953 | 22,268 | 31,409 | 37,240 | 38,028 | | | | Sale of Property, Plant, Equipment | 570 | 23 | 3,241 | - | - | | Sale of Short Term Investments | - | - | 25,049 | 48,949 | 73,045 | | | Purchase of Property, Plant, Equipment | (2,350) | (3,508) | (2,419) | (1,411) | (2,436) | | Acquisitions | - | - | (33,970) | - | (521) | | Purchase of Short Term Investments | - | - | (6,834) | (46,408) | (42,357) | | Other Investment Changes, Net | - | 5,909 | (279) | (563) | (448) | | Cash from Investing Activities | 5,525 | 25,629 | (15,212) | 567 | 27,283 | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 30 | 16 | 2,105 | 4,331 | 2,720 | | | Repayment of Debt | - | - | - | - | - | | Repurchase of Capital Stock | (1,435) | (23,475) | (32,374) | (5,539) | (23,727) | | Payment of Cash Dividends | (28,699) | (5,936) | (6,207) | (71,608) | - | | Other Financing Charges, Net | 10 | 393 | (98) | (54) | - | | Cash from Financing Activities | (30,094) | (29,002) | (36,574) | (72,871) | (21,007) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 1,384 | 18,895 | (20,377) | (35,064) | 44,304 | | | Cash at Beginning of Year | 5,953 | 7,083 | 27,460 | 62,524 | 18,220 | | Cash at End of Period | 7,337 | 25,978 | 7,083 | 27,460 | 62,524 | | | |
