| Cash Flow for Sapient Corp. (SAPE) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 15,216 | 3,136 | 25,698 | 22,819 | (4,898) | | Depreciation & Amortization | 15,300 | 10,016 | 6,398 | 5,973 | 9,145 | | Deferred Income Taxes | 782 | 508 | 236 | (773) | - | | Operating Losses | 72 | 128 | (2,955) | 1,805 | (1,015) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (1,950) | (23,068) | (9,463) | (21,821) | (5,597) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | 776 | (8,835) | 4,774 | 3,557 | 1,305 | | Increase in Payables | (3,342) | 122 | (724) | 2,042 | (123) | | Increase in Other Current Liabilities | 16,442 | 27,275 | 3,201 | 7,830 | (27,650) | | Decrease in Other Working Capital | (1,869) | (5,317) | - | - | - | | Other Non-Cash Items | 16,559 | 14,032 | 476 | - | - | | Net Cash from Continuing Operations | 58,201 | 23,034 | 27,224 | 20,258 | (26,668) | | Net Cash from Discontinued Operations | - | (4,834) | - | - | - | | Cash from Operating Activities | 58,201 | 18,200 | 27,224 | 20,258 | (26,668) | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | 103,637 | 151,511 | 63,559 | 121,566 | 148,151 | | | Purchase of Property, Plant, Equipment | (20,361) | (14,333) | (14,473) | (9,782) | (1,632) | | Acquisitions | (883) | (27,655) | (13,334) | - | - | | Purchase of Short Term Investments | (109,423) | (116,451) | (47,435) | (142,040) | (151,206) | | Other Investment Changes, Net | 360 | (223) | - | - | (1,679) | | Cash from Investing Activities | (26,234) | (1,875) | (11,683) | (30,256) | 2,198 | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 11,068 | 5,506 | 7,171 | 7,708 | 2,608 | | | Repayment of Debt | (106) | (135) | - | - | - | | Repurchase of Capital Stock | (4,395) | (18,109) | (17,594) | - | (3,430) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 182 | - | - | - | - | | Cash from Financing Activities | 6,749 | (12,738) | (10,423) | 7,708 | (822) | | | | Effect of Exchange Rate Changes | 4,959 | 1,487 | (1,949) | 1,477 | 1,655 | | Net Change in Cash | 43,675 | 5,074 | 3,169 | (813) | (23,637) | | | Cash at Beginning of Year | 75,022 | 69,948 | 66,779 | 67,592 | 91,229 | | Cash at End of Period | 118,697 | 75,022 | 69,948 | 66,779 | 67,592 | | | |
