| Cash Flow for Valhi Inc. (VHI) | | | | After Hours: $ 18.3562 |  -0.2238 (-1.20%) | Volume: 2.8 k | 4:13 PM EDT Aug 28, 2008 | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (45,700) | 141,682 | 81,451 | 312,392 | 39,486 | | Depreciation & Amortization | 66,300 | 72,513 | 74,527 | 78,352 | 72,969 | | Deferred Income Taxes | 86,400 | 37,292 | 41,599 | (300,224) | 29,549 | | Operating Losses | (32,800) | (122,028) | (54,097) | 47,145 | (9,188) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (4,900) | 8,241 | (4,052) | (25,148) | 3,795 | | Decrease in Inventories | 3,900 | (3,844) | (48,858) | 46,937 | (20,938) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (4,800) | (6,769) | 1,407 | (10,116) | (8,948) | | Increase in Other Current Liabilities | (11,600) | (19,720) | 19,832 | 10,867 | 1,821 | | Decrease in Other Working Capital | (5,300) | (16,196) | (6,869) | (18,576) | - | | Other Non-Cash Items | 12,000 | (4,876) | (649) | 500 | - | | Net Cash from Continuing Operations | 63,500 | 86,295 | 104,291 | 142,129 | 108,546 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 63,500 | 86,295 | 104,291 | 142,129 | 108,546 | | | | Sale of Property, Plant, Equipment | 600 | 39,420 | 18,647 | 2,964 | 13,472 | | Sale of Short Term Investments | 28,500 | 42,922 | 38,866 | 2,745 | - | | | Purchase of Property, Plant, Equipment | (63,800) | (63,773) | (62,778) | (48,521) | (45,331) | | Acquisitions | - | (9,832) | (7,342) | - | - | | Purchase of Short Term Investments | (23,300) | (43,416) | (58,098) | (17,632) | - | | Other Investment Changes, Net | (7,400) | (8,024) | 91,075 | 2,357 | (1,906) | | Cash from Investing Activities | (65,400) | (89,514) | 20,370 | (58,087) | (33,765) | | | Issuance of Debt | 331,100 | 772,703 | 56,996 | 323,556 | 43,460 | | Issuance of Capital Stock | 2,400 | 961 | 2,507 | 9,201 | - | | | Repayment of Debt | (324,400) | (751,586) | (54,210) | (219,723) | (79,975) | | Repurchase of Capital Stock | (11,100) | (43,794) | (62,060) | - | - | | Payment of Cash Dividends | (45,600) | (47,981) | (48,805) | (29,804) | (29,796) | | Other Financing Charges, Net | (8,500) | (17,856) | (10,190) | (4,792) | (4,933) | | Cash from Financing Activities | (56,100) | (87,553) | (115,762) | 78,438 | (71,244) | | | | Effect of Exchange Rate Changes | 7,100 | 4,962 | (1,765) | 1,955 | 5,178 | | Net Change in Cash | (50,900) | (85,810) | 7,134 | 164,435 | 8,715 | | | Cash at Beginning of Year | 189,200 | 274,963 | 267,829 | 103,394 | 94,679 | | Cash at End of Period | 138,300 | 189,153 | 274,963 | 267,829 | 103,394 | | | |
