| Cash Flow for UFP Technologies Inc. (UFPT) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 4,159 | 2,515 | 659 | 871 | (1,516) | | Depreciation & Amortization | 2,815 | 3,060 | 2,937 | 2,493 | 2,706 | | Deferred Income Taxes | 1,210 | 857 | (98) | 304 | (819) | | Operating Losses | 40 | 82 | 533 | (72) | 1,577 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (167) | 3,768 | (3,481) | (2,680) | (636) | | Decrease in Inventories | 53 | 598 | (1,205) | (824) | 251 | | Decrease in Other Current Assets | - | - | - | 420 | - | | Increase in Payables | 532 | (647) | 1,336 | 733 | 36 | | Increase in Other Current Liabilities | 760 | 1,270 | 396 | 360 | (868) | | Decrease in Other Working Capital | (134) | (37) | 13 | 45 | 8 | | Other Non-Cash Items | 933 | 604 | - | - | - | | Net Cash from Continuing Operations | 10,147 | 12,093 | 1,008 | 1,434 | 749 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 10,147 | 12,093 | 1,008 | 1,434 | 749 | | | | Sale of Property, Plant, Equipment | 32 | 30 | - | - | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (2,101) | (1,516) | (1,110) | (2,142) | (1,240) | | Acquisitions | - | (309) | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | 15 | 15 | 13 | 13 | 342 | | Cash from Investing Activities | (2,053) | (1,780) | (1,097) | (2,129) | (898) | | | Issuance of Debt | 1,328 | 1,359 | 1,860 | 2,254 | 8,036 | | Issuance of Capital Stock | 296 | 568 | 75 | 50 | 48 | | | Repayment of Debt | (1,785) | (10,728) | (1,794) | (1,496) | (7,651) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 110 | (761) | (105) | (105) | - | | Cash from Financing Activities | (50) | (9,562) | 36 | 703 | 433 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 8,043 | 752 | (53) | 8 | 284 | | | Cash at Beginning of Year | 1,017 | 265 | 318 | 310 | 26 | | Cash at End of Period | 9,060 | 1,017 | 265 | 318 | 310 | | | |
