| Cash Flow for T3 Energy Services Inc (TTES) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 25,250 | 18,092 | 4,513 | 1,519 | (28,279) | | Depreciation & Amortization | 4,971 | 3,520 | 3,183 | 2,762 | 3,682 | | Deferred Income Taxes | (732) | 1,471 | (302) | (96) | 1,028 | | Operating Losses | (626) | 24 | 4,012 | 3,631 | 31,710 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (6,026) | (4,201) | (8,271) | 26 | (650) | | Decrease in Inventories | (8,942) | (8,958) | (6,356) | (3,232) | 1,944 | | Decrease in Other Current Assets | - | - | (52) | (41) | 706 | | Increase in Payables | 497 | 1,353 | 6,440 | 1,908 | (4,519) | | Increase in Other Current Liabilities | (3,430) | 5,005 | 3,129 | (726) | 190 | | Decrease in Other Working Capital | (136) | (40) | - | 102 | - | | Other Non-Cash Items | 1,436 | 1,833 | - | - | - | | Net Cash from Continuing Operations | 12,714 | 18,676 | 3,990 | 7,741 | 7,762 | | Net Cash from Discontinued Operations | 1,048 | 231 | - | 10,657 | (1,535) | | Cash from Operating Activities | 13,762 | 18,907 | 3,990 | 18,398 | 6,227 | | | | Sale of Property, Plant, Equipment | 101 | 223 | 59 | 1,084 | 302 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (7,045) | (9,055) | (2,523) | (2,507) | (1,604) | | Acquisitions | (90,893) | (2,248) | - | (10,442) | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (467) | 468 | 718 | - | - | | Cash from Investing Activities | (98,304) | (10,612) | (1,746) | (11,865) | (1,302) | | | Issuance of Debt | 61,330 | - | 3,270 | 6,788 | - | | Issuance of Capital Stock | 28,533 | 657 | - | - | - | | | Repayment of Debt | (68) | (7,009) | (15,044) | (12,276) | (5,548) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 957 | 328 | - | (926) | (215) | | Cash from Financing Activities | 90,752 | (6,024) | (1,200) | (6,414) | (5,763) | | | | Effect of Exchange Rate Changes | (81) | (40) | 23 | (41) | - | | Net Change in Cash | 6,129 | 2,231 | 1,067 | 78 | (838) | | | Cash at Beginning of Year | 3,393 | 1,162 | 95 | 17 | 857 | | Cash at End of Period | 9,522 | 3,393 | 1,162 | 95 | 19 | | | |
