| Cash Flow for SMART Modular Technologies Inc. (SMOD) | | | | | | | Cash Flow | in Thousands of Dollars | | | 08/2008 | 08/2007 | 08/2006 | 08/2005 | | | Net Income | N/A | 55,922 | 32,306 | 26,196 | | Depreciation & Amortization | N/A | 9,031 | 8,673 | 8,505 | | Deferred Income Taxes | N/A | 270 | (3,679) | 931 | | Operating Losses | N/A | - | (2,351) | (4) | | Extraordinary Losses | N/A | - | - | - | | | Decrease in Receivables | N/A | 18,574 | (76,833) | 24,930 | | Decrease in Inventories | N/A | 3,907 | (10,402) | (8,118) | | Decrease in Other Current Assets | N/A | - | - | - | | Increase in Payables | N/A | (33,714) | 53,213 | (3,372) | | Increase in Other Current Liabilities | N/A | (2,871) | (2,758) | 7,921 | | Decrease in Other Working Capital | N/A | - | - | 112 | | Other Non-Cash Items | N/A | 5,654 | 6,373 | - | | Net Cash from Continuing Operations | N/A | 69,736 | 501 | 55,586 | | Net Cash from Discontinued Operations | N/A | - | - | - | | Cash from Operating Activities | N/A | 69,736 | 501 | 55,586 | | | | Sale of Property, Plant, Equipment | N/A | - | 131 | 284 | | Sale of Short Term Investments | N/A | - | 5,071 | - | | | Purchase of Property, Plant, Equipment | N/A | (14,059) | (20,431) | (6,109) | | Acquisitions | N/A | - | (680) | (2,260) | | Purchase of Short Term Investments | N/A | - | - | (5,071) | | Other Investment Changes, Net | N/A | (388) | (5) | 253 | | Cash from Investing Activities | N/A | (14,447) | (15,914) | (12,903) | | | Issuance of Debt | N/A | 110,953 | - | 120,120 | | Issuance of Capital Stock | N/A | 1,926 | 74,277 | - | | | Repayment of Debt | N/A | (111,271) | (48,138) | (54,650) | | Repurchase of Capital Stock | N/A | - | - | (65,140) | | Payment of Cash Dividends | N/A | - | - | - | | Other Financing Charges, Net | N/A | 602 | (1,000) | (4,000) | | Cash from Financing Activities | N/A | 2,210 | 25,139 | (3,670) | | | | Effect of Exchange Rate Changes | N/A | 1,028 | (76) | 210 | | Net Change in Cash | N/A | 58,527 | 9,650 | 39,223 | | | Cash at Beginning of Year | N/A | 85,620 | 75,970 | 36,747 | | Cash at End of Period | N/A | 144,147 | 85,620 | 75,970 | | | |
