| Cash Flow for Veeco Instruments Inc. (VECO) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (17,359) | 14,917 | (897) | (62,555) | (9,747) | | Depreciation & Amortization | 24,991 | 30,080 | 29,811 | 31,264 | 24,858 | | Deferred Income Taxes | 1,332 | 1,370 | 929 | 39,864 | (1,370) | | Operating Losses | (705) | (1,376) | 377 | 600 | 1,899 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 15,114 | 3,761 | (8,837) | (12,630) | 13,325 | | Decrease in Inventories | (1,331) | (10,518) | 20,741 | (10,236) | 8,112 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (4,049) | 9,155 | 6,053 | 5,178 | 3,199 | | Increase in Other Current Liabilities | 13,129 | 228 | 419 | 7,522 | (18,506) | | Decrease in Other Working Capital | (1,638) | (4,651) | (3,824) | 603 | - | | Other Non-Cash Items | 9,701 | 3,049 | 138 | 1,389 | - | | Net Cash from Continuing Operations | 39,185 | 46,015 | 44,910 | 999 | 21,770 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 39,185 | 46,015 | 44,910 | 999 | 21,770 | | | | Sale of Property, Plant, Equipment | 312 | 47 | 2,260 | 4,395 | 2,833 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (9,092) | (17,401) | (11,676) | (15,476) | (8,077) | | Acquisitions | - | (3,068) | (15,038) | (10,500) | (131,105) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | 1,849 | - | - | - | | Cash from Investing Activities | (8,780) | (18,736) | (24,557) | (12,746) | (131,242) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 3,172 | 15,524 | 2,133 | 5,718 | 2,969 | | | Repayment of Debt | (60,706) | (19,776) | (355) | (333) | (317) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | (1,950) | (99) | - | - | - | | Cash from Financing Activities | (59,484) | (4,351) | 1,778 | 5,385 | 2,652 | | | | Effect of Exchange Rate Changes | (884) | (381) | 2,092 | (192) | (645) | | Net Change in Cash | (29,963) | 22,547 | 24,223 | (6,554) | (107,465) | | | Cash at Beginning of Year | 147,046 | 124,499 | 100,276 | 106,830 | 214,295 | | Cash at End of Period | 117,083 | 147,046 | 124,499 | 100,276 | 106,830 | | | |
