| Cash Flow for SchweitzerMauduit International Inc. (SWM) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 3,400 | (800) | 19,400 | 36,400 | 34,500 | | Depreciation & Amortization | 39,200 | 43,400 | 39,500 | 36,500 | 30,700 | | Deferred Income Taxes | (13,600) | (10,600) | 1,900 | 2,100 | 4,200 | | Operating Losses | 18,900 | 5,300 | (700) | 8,600 | 600 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (2,700) | 20,300 | (11,800) | (4,000) | (22,500) | | Decrease in Inventories | (3,800) | 11,900 | (5,500) | (20,900) | (17,200) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 9,400 | (11,500) | (2,100) | 2,200 | 22,900 | | Increase in Other Current Liabilities | 19,200 | 300 | 8,800 | 2,000 | 16,700 | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 4,000 | - | - | - | - | | Net Cash from Continuing Operations | 71,300 | 51,800 | 38,100 | 57,300 | 64,800 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 71,300 | 51,800 | 38,100 | 57,300 | 64,800 | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (56,600) | (13,400) | (18,800) | (46,700) | (92,000) | | Acquisitions | - | - | (11,900) | (8,400) | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (3,500) | 4,000 | (6,000) | (1,600) | (5,500) | | Cash from Investing Activities | (72,900) | (12,300) | (36,700) | (56,700) | (97,500) | | | Issuance of Debt | 32,700 | 105,800 | 11,900 | 24,600 | 48,000 | | Issuance of Capital Stock | 4,400 | 2,200 | 6,900 | 7,900 | 1,100 | | | Repayment of Debt | (31,200) | (126,500) | (5,900) | (11,600) | (16,700) | | Repurchase of Capital Stock | (5,800) | - | (1,000) | (8,000) | (5,100) | | Payment of Cash Dividends | (9,400) | (9,400) | (12,700) | (12,700) | (19,300) | | Other Financing Charges, Net | 400 | (3,200) | - | - | 13,100 | | Cash from Financing Activities | (8,900) | (31,100) | (800) | 200 | 21,100 | | | | Effect of Exchange Rate Changes | 800 | 200 | - | - | - | | Net Change in Cash | (9,700) | 8,600 | 600 | 800 | (11,600) | | | Cash at Beginning of Year | 13,700 | 5,100 | 4,500 | 3,700 | 15,300 | | Cash at End of Period | 4,000 | 13,700 | 5,100 | 4,500 | 3,700 | | | |
