| Cash Flow for Valassis Communications Inc. (VCI) | | | | After Hours: $ 5.24 | 0.00 (0.00%) | Volume: 11.6 k | 4:57 PM EDT Oct 10, 2008 | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 58,002 | 51,282 | 95,396 | 100,747 | 103,708 | | Depreciation & Amortization | 54,592 | 14,374 | 15,374 | 15,224 | 14,663 | | Deferred Income Taxes | 3,648 | 1,569 | 4,201 | 5,971 | 2,272 | | Operating Losses | (1,794) | (407) | 1,736 | 5,765 | 953 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 3,411 | (66,344) | (9,285) | (56,111) | (14,895) | | Decrease in Inventories | (11,613) | (599) | 2,381 | (6,624) | 57 | | Decrease in Other Current Assets | - | - | 1,968 | - | (3,914) | | Increase in Payables | 15,063 | 58,082 | (16,128) | 35,720 | 10,530 | | Increase in Other Current Liabilities | (8,453) | (8,133) | 15,902 | (25,236) | 10,809 | | Decrease in Other Working Capital | 7,953 | (6,962) | - | 2,203 | - | | Other Non-Cash Items | 15,611 | 10,347 | - | - | - | | Net Cash from Continuing Operations | 156,832 | 49,806 | 116,189 | 76,819 | 122,720 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 156,832 | 49,806 | 116,189 | 76,819 | 122,720 | | | | Sale of Property, Plant, Equipment | - | - | 18 | 813 | 667 | | Sale of Short Term Investments | 258,869 | 598,589 | 372,765 | - | - | | | Purchase of Property, Plant, Equipment | (30,545) | (16,256) | (24,666) | (18,941) | (20,286) | | Acquisitions | (1,187,874) | - | - | (5,500) | (48,357) | | Purchase of Short Term Investments | (156,335) | (629,091) | (341,929) | - | - | | Other Investment Changes, Net | (604) | 202 | (6,055) | (2,988) | (94) | | Cash from Investing Activities | (1,117,489) | (50,556) | 133 | (26,866) | (68,070) | | | Issuance of Debt | 1,130,000 | - | - | - | 160,000 | | Issuance of Capital Stock | - | 5,752 | 33,580 | 18,524 | 1,692 | | | Repayment of Debt | (98,637) | (14,440) | - | (38,741) | (108,424) | | Repurchase of Capital Stock | - | (3,913) | (169,037) | (50,968) | (18) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 1,031,363 | (12,601) | (135,457) | (71,185) | 53,250 | | | | Effect of Exchange Rate Changes | 1,914 | 1,650 | (1,759) | 1,952 | 2,303 | | Net Change in Cash | 72,620 | (11,701) | (20,894) | (19,280) | 110,204 | | | Cash at Beginning of Year | 52,619 | 64,320 | 85,214 | 207,360 | 97,156 | | Cash at End of Period | 125,239 | 52,619 | 64,320 | 188,080 | 207,360 | | | |
