| Cash Flow for Resource America Inc. (REXI) | | | | | | | Cash Flow | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Net Income | 4,354 | 19,870 | 16,458 | 18,409 | (2,915) | | Depreciation & Amortization | 3,699 | 3,180 | 2,761 | 15,568 | 11,944 | | Deferred Income Taxes | (14,487) | (3,120) | 1,765 | 12,025 | 1,616 | | Operating Losses | 850 | (74,986) | (48,605) | 1,435 | 17,758 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | - | - | - | - | - | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | (20,808) | - | - | | Increase in Payables | - | - | - | - | - | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | (61,420) | 12,474 | (13,027) | (3,829) | 18,466 | | Other Non-Cash Items | 15,732 | 934 | - | - | - | | Net Cash from Continuing Operations | (51,272) | (41,648) | (61,418) | 44,820 | 48,631 | | Net Cash from Discontinued Operations | 1,313 | 540 | 23,566 | 43,180 | (5,624) | | Cash from Operating Activities | (49,959) | (41,108) | (37,852) | 88,000 | 43,007 | | | | Sale of Property, Plant, Equipment | - | - | 1,950 | - | 10,053 | | Sale of Short Term Investments | - | - | 3,088 | - | 12,044 | | | Purchase of Property, Plant, Equipment | (5,441) | (4,141) | (2,414) | (42,766) | (28,568) | | Acquisitions | (20,708) | - | - | (141,564) | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (6,278) | (7,870) | (110,278) | 42,328 | (7,507) | | Cash from Investing Activities | (48,480) | (2,454) | (107,654) | (142,002) | (13,978) | | | Issuance of Debt | 745,598 | 570,448 | 365,394 | 326,399 | 97,001 | | Issuance of Capital Stock | 1,226 | 133 | 5,819 | 130,287 | 2,933 | | | Repayment of Debt | (649,055) | (501,088) | (258,865) | (362,416) | (120,135) | | Repurchase of Capital Stock | (5,368) | (14,642) | (5,179) | - | (4,654) | | Payment of Cash Dividends | (4,770) | (4,251) | (3,533) | (9,890) | (2,294) | | Other Financing Charges, Net | (11,045) | 231 | 8,750 | (4,097) | 19,137 | | Cash from Financing Activities | 75,441 | 50,831 | 112,386 | 80,283 | (8,012) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (22,998) | 7,269 | (33,120) | 26,281 | 21,017 | | | Cash at Beginning of Year | 37,622 | 30,353 | 63,473 | 42,818 | 20,112 | | Cash at End of Period | 14,624 | 37,622 | 30,353 | 69,099 | 41,129 | | | |
