| Cash Flow for School Specialty Inc. (SCHS) | | | | | | | Cash Flow | in Thousands of Dollars | | | 04/2008 | 04/2007 | 04/2006 | 04/2005 | 04/2004 | | | Net Income | 41,121 | 18,046 | 61 | 43,001 | 40,797 | | Depreciation & Amortization | 25,348 | 25,843 | 23,382 | 18,119 | 17,905 | | Deferred Income Taxes | 14,924 | (1,630) | (3,887) | 11,639 | 8,647 | | Operating Losses | 1,782 | 292 | 424 | 1,991 | 3,985 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (12,688) | (5,995) | 22,313 | (2,682) | 4,601 | | Decrease in Inventories | 23,234 | (19,503) | 601 | (890) | (5,068) | | Decrease in Other Current Assets | (2,294) | 6,291 | 3,269 | (5,054) | 1,867 | | Increase in Payables | (13,702) | 2,874 | 11,802 | (3,358) | (5,562) | | Increase in Other Current Liabilities | 13,703 | 9,413 | (6,740) | (8,244) | 218 | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 5,490 | 33,507 | 26,600 | - | - | | Net Cash from Continuing Operations | 103,706 | 90,860 | 76,841 | 52,031 | 68,956 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 103,706 | 90,860 | 76,841 | 52,031 | 68,956 | | | | Sale of Property, Plant, Equipment | 375 | 1,013 | 245 | 321 | 5,161 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (17,723) | (28,055) | (30,406) | (23,376) | (8,974) | | Acquisitions | (4,478) | - | (271,107) | (19,219) | (89,273) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (10,849) | - | - | (7,545) | (4,726) | | Cash from Investing Activities | (32,675) | (27,042) | (301,268) | (49,819) | (97,812) | | | Issuance of Debt | 691,200 | 904,400 | 2,275,000 | 540,900 | 482,900 | | Issuance of Capital Stock | 5,559 | 7,798 | 2,871 | 5,375 | 11,710 | | | Repayment of Debt | (672,091) | (894,878) | (2,053,574) | (546,663) | (465,775) | | Repurchase of Capital Stock | (94,879) | (76,508) | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 828 | (4,647) | (1,660) | - | - | | Cash from Financing Activities | (69,383) | (63,835) | 222,637 | (388) | 28,836 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 1,648 | (17) | (1,790) | 1,824 | (20) | | | Cash at Beginning of Year | 2,386 | 2,403 | 4,193 | 2,369 | 2,389 | | Cash at End of Period | 4,034 | 2,386 | 2,403 | 4,193 | 2,369 | | | |
