| Cash Flow for Tarrant Apparel Group (TAGS) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 1,748 | (22,221) | 993 | (104,677) | (35,885) | | Depreciation & Amortization | 415 | 455 | 2,127 | 8,338 | 16,098 | | Deferred Income Taxes | (38) | 237 | (167) | (61) | (133) | | Operating Losses | (4,076) | 26,757 | (1,224) | 82,699 | 30,714 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 14,056 | 6,528 | (14,059) | 21,224 | 7,856 | | Decrease in Inventories | 4,634 | 13,305 | (8,503) | 4,162 | 9,626 | | Decrease in Other Current Assets | (3,091) | (1,193) | - | 2,637 | (17,561) | | Increase in Payables | (10,901) | (10,593) | 9,249 | 688 | (4,208) | | Increase in Other Current Liabilities | (1,620) | (967) | (1,362) | (981) | 2,388 | | Decrease in Other Working Capital | 125 | - | - | - | - | | Other Non-Cash Items | 9,430 | (688) | - | - | - | | Net Cash from Continuing Operations | 12,476 | 15,047 | (12,900) | 12,168 | 9,484 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 12,476 | 15,047 | (12,900) | 12,168 | 9,484 | | | | Sale of Property, Plant, Equipment | - | 6 | 131 | 1,220 | 210 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (552) | (309) | (559) | (112) | (368) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | 22,007 | (4,769) | 3,983 | 142 | (895) | | Cash from Investing Activities | 21,455 | (5,071) | 3,555 | 1,250 | (1,053) | | | Issuance of Debt | 205,838 | 235,102 | 218,367 | 138,542 | 239,280 | | Issuance of Capital Stock | 1,695 | - | - | 3,624 | 31,025 | | | Repayment of Debt | (241,878) | (243,409) | (208,596) | (157,718) | (276,288) | | Repurchase of Capital Stock | - | - | - | - | (311) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | (2,405) | - | - | - | | Cash from Financing Activities | (34,345) | (10,713) | 9,772 | (15,552) | (6,295) | | | | Effect of Exchange Rate Changes | - | - | - | 29 | (205) | | Net Change in Cash | (413) | (737) | 427 | (2,105) | 1,931 | | | Cash at Beginning of Year | 905 | 1,642 | 1,215 | 3,320 | 1,388 | | Cash at End of Period | 491 | 905 | 1,642 | 1,215 | 3,319 | | | |
