| Cash Flow for United Natural Foods Inc. (UNFI) | | | | | | | Cash Flow | in Thousands of Dollars | | | 07/2008 | 07/2007 | 07/2006 | 07/2005 | 07/2004 | | | Net Income | 48,479 | 50,153 | 43,277 | 41,572 | 31,986 | | Depreciation & Amortization | 22,544 | 18,376 | 17,099 | 13,573 | 11,660 | | Deferred Income Taxes | 2,257 | 1,707 | (1,355) | 1,763 | 3,724 | | Operating Losses | 1 | 1,997 | (140) | 2,429 | 2,787 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (8,339) | (10,685) | (15,313) | (27,568) | (20,180) | | Decrease in Inventories | (58,112) | (52,975) | (21,242) | (34,645) | (37,801) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (8,319) | 27,739 | (8,936) | 32,219 | 13,688 | | Increase in Other Current Liabilities | 9,671 | (1,308) | (887) | 4,199 | (2,198) | | Decrease in Other Working Capital | - | - | - | 8,095 | 6,213 | | Other Non-Cash Items | 7,381 | 6,278 | 8,336 | - | - | | Net Cash from Continuing Operations | 9,129 | 35,510 | 25,188 | 38,346 | 8,966 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 9,129 | 35,510 | 25,188 | 38,346 | 8,966 | | | | Sale of Property, Plant, Equipment | - | 5,452 | 224 | 242 | 244 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (51,083) | (46,804) | (19,290) | (65,951) | (23,851) | | Acquisitions | (107,812) | (9,303) | (3,286) | (16,615) | (6) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | (1,010) | - | - | - | | Cash from Investing Activities | (158,895) | (51,665) | (22,352) | (82,324) | (23,613) | | | Issuance of Debt | 168,050 | 14,691 | 1,431 | 41,138 | 21,038 | | Issuance of Capital Stock | 920 | 7,127 | 18,679 | 10,991 | 9,043 | | | Repayment of Debt | (9,767) | (11,225) | (14,727) | (9,169) | (5,446) | | Repurchase of Capital Stock | - | - | (6,092) | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | (1,114) | 2,518 | 5,312 | - | - | | Cash from Financing Activities | 158,089 | 13,111 | 4,603 | 42,960 | 24,635 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 8,323 | (3,044) | 7,439 | (1,018) | 9,988 | | | Cash at Beginning of Year | 17,010 | 20,054 | 12,615 | 13,633 | 3,645 | | Cash at End of Period | 25,333 | 17,010 | 20,054 | 12,615 | 13,633 | | | |
