| Cash Flow for TAT Technologies Ltd. (TATTF) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2006 | 12/2005 | 12/2004 | 12/2003 | 12/2002 | | | Net Income | 6,066 | 3,529 | 3,739 | 3,834 | 3,589 | | Depreciation & Amortization | 1,815 | 1,427 | 1,031 | 1,004 | 994 | | Deferred Income Taxes | 88 | (233) | 168 | 63 | 131 | | Operating Losses | (59) | (217) | (52) | (24) | 42 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (3,354) | 1,062 | (1,815) | (1,372) | (478) | | Decrease in Inventories | (2,460) | (1,368) | 167 | (1,281) | (409) | | Decrease in Other Current Assets | - | 359 | - | - | - | | Increase in Payables | 2,579 | (984) | (112) | 505 | 380 | | Increase in Other Current Liabilities | 445 | 565 | (1,218) | 917 | 574 | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 33 | - | - | - | - | | Net Cash from Continuing Operations | 5,153 | 4,140 | 1,908 | 3,646 | 4,823 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 5,153 | 4,140 | 1,908 | 3,646 | 4,823 | | | | Sale of Property, Plant, Equipment | 68 | 56 | 30 | 89 | 14 | | Sale of Short Term Investments | 1,610 | 2,146 | 3,369 | 1,650 | 1,089 | | | Purchase of Property, Plant, Equipment | (1,694) | (1,072) | (926) | (1,451) | (899) | | Acquisitions | - | (5,237) | - | - | - | | Purchase of Short Term Investments | (2,267) | (1,404) | (1,161) | (2,680) | (1,626) | | Other Investment Changes, Net | - | - | - | 44 | 449 | | Cash from Investing Activities | (2,283) | (5,511) | 1,312 | (2,348) | (973) | | | Issuance of Debt | - | 12,000 | - | 290 | - | | Issuance of Capital Stock | - | - | 6,957 | 484 | - | | | Repayment of Debt | (3,000) | (9,667) | (584) | (249) | (414) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | (1,208) | (1,087) | (7,130) | (3,140) | - | | Other Financing Charges, Net | 117 | 30 | (452) | 226 | (119) | | Cash from Financing Activities | (4,091) | 1,276 | (1,209) | (2,389) | (533) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (1,221) | (95) | 2,011 | (1,091) | 3,317 | | | Cash at Beginning of Year | 6,983 | 7,078 | 5,067 | 6,158 | 2,841 | | Cash at End of Period | 5,762 | 6,983 | 7,078 | 5,067 | 6,158 | | | |
