| Cash Flow for Sotheby's (BID) | | | | After Hours: $ 25.22 | 0.00 (0.00%) | Volume: 2.37 k | 4:43 PM EDT Sep 5, 2008 | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 213,139 | 107,049 | 61,602 | 86,679 | (26,483) | | Depreciation & Amortization | 22,101 | 22,783 | 22,075 | 23,830 | 25,344 | | Deferred Income Taxes | (25,608) | 23,347 | 8,757 | 22,538 | (16,538) | | Operating Losses | (4,957) | (968) | 21,098 | (20,597) | 6,831 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (443,307) | (21,653) | 34,833 | (172,482) | 51,148 | | Decrease in Inventories | (84,859) | (17,177) | (14,526) | (19,312) | (2,771) | | Decrease in Other Current Assets | - | - | (2,863) | (372) | 5,085 | | Increase in Payables | 33,746 | 157,374 | 30,664 | 28,225 | (19,953) | | Increase in Other Current Liabilities | 176,015 | - | (101,614) | 204,024 | (70,039) | | Decrease in Other Working Capital | 31,700 | (6,301) | - | - | - | | Other Non-Cash Items | 43,212 | 12,176 | - | 3,461 | - | | Net Cash from Continuing Operations | (37,145) | 270,413 | 58,786 | 146,118 | (53,148) | | Net Cash from Discontinued Operations | - | - | - | - | 7,537 | | Cash from Operating Activities | (37,145) | 270,413 | 58,786 | 146,118 | (45,611) | | | | Sale of Property, Plant, Equipment | 6,163 | - | - | 53,863 | 167,054 | | Sale of Short Term Investments | 511,317 | 405,407 | 433,163 | 178,414 | 1,731 | | | Purchase of Property, Plant, Equipment | (17,396) | (12,719) | (14,862) | (13,662) | (6,596) | | Acquisitions | (1,728) | - | - | - | - | | Purchase of Short Term Investments | (385,275) | (592,918) | (323,163) | (288,414) | - | | Other Investment Changes, Net | 50,659 | 2,373 | (42,282) | 13,688 | 1,001 | | Cash from Investing Activities | 163,740 | (197,857) | 52,856 | (55,356) | 141,360 | | | Issuance of Debt | - | 398,673 | 174,542 | 65,000 | 145,000 | | Issuance of Capital Stock | 18,557 | 66,987 | 9,322 | 9,945 | 43 | | | Repayment of Debt | (1,619) | (446,126) | (140,125) | (85,113) | (225,000) | | Repurchase of Capital Stock | - | (212) | (177,215) | - | - | | Payment of Cash Dividends | (33,326) | (12,946) | - | - | - | | Other Financing Charges, Net | 15,693 | 14,871 | - | 133 | (1,584) | | Cash from Financing Activities | (695) | 21,247 | (133,476) | (10,035) | (81,541) | | | | Effect of Exchange Rate Changes | 1,259 | 2,335 | (233) | 893 | 2,539 | | Net Change in Cash | 127,159 | 96,138 | (22,067) | 81,620 | 16,747 | | | Cash at Beginning of Year | 221,094 | 124,956 | 147,023 | 65,403 | 48,656 | | Cash at End of Period | 348,253 | 221,094 | 124,956 | 147,023 | 65,403 | | | |
