| Cash Flow for Sinovac Biotech Ltd. (SVA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 7,650 | (696) | (5,111) | (4,752) | (462) | | Depreciation & Amortization | 1,402 | 1,268 | 1,102 | 784 | 684 | | Deferred Income Taxes | (229) | (391) | (8) | (693) | - | | Operating Losses | 2,719 | 1,001 | (132) | 5,041 | 60 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (6,774) | (4,596) | (3,362) | (2,214) | (1,150) | | Decrease in Inventories | (1,832) | (2,513) | (333) | 630 | 307 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 1,227 | 2,388 | 3,330 | 384 | (461) | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 1,013 | 1,804 | 2,784 | - | - | | Net Cash from Continuing Operations | 4,316 | (1,635) | (1,570) | (1,130) | (1,029) | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 4,316 | (1,635) | (1,570) | (1,130) | (1,029) | | | | Sale of Property, Plant, Equipment | - | 5 | - | - | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (2,466) | (1,140) | (2,444) | (1,650) | (348) | | Acquisitions | - | - | (2,260) | - | (411) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | 24 | 566 | (179) | (2,576) | - | | Cash from Investing Activities | (2,442) | (569) | (4,883) | (4,227) | (759) | | | Issuance of Debt | 3,938 | 3,759 | 3,667 | 3,268 | 1,208 | | Issuance of Capital Stock | 1,618 | 883 | 5,529 | 5,494 | 1,032 | | | Repayment of Debt | (2,731) | (2,561) | (1,523) | (3,099) | (1,261) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | (379) | - | - | | Other Financing Charges, Net | 2,739 | 1,903 | 3,850 | 882 | 1,917 | | Cash from Financing Activities | 5,565 | 3,984 | 11,144 | 6,545 | 2,896 | | | | Effect of Exchange Rate Changes | 384 | 115 | 58 | (3) | (0) | | Net Change in Cash | 7,823 | 1,894 | 4,749 | 1,185 | 1,107 | | | Cash at Beginning of Year | 9,249 | 7,354 | 2,605 | 1,420 | 313 | | Cash at End of Period | 17,071 | 9,249 | 7,354 | 2,605 | 1,420 | | | |
