| Cash Flow for ViroPharma Inc. (VPHM) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 95,353 | 66,666 | 113,705 | (19,534) | (36,942) | | Depreciation & Amortization | 6,924 | 6,166 | 5,537 | 1,176 | 2,287 | | Deferred Income Taxes | 11,464 | - | - | - | - | | Operating Losses | - | (555) | (38,541) | 4,814 | (840) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (10,042) | 4,059 | (7,694) | (8,711) | 89 | | Decrease in Inventories | 57 | 6,236 | (9,974) | - | - | | Decrease in Other Current Assets | - | - | (628) | 1,464 | 1,104 | | Increase in Payables | (726) | (6,513) | 8,465 | 141 | (330) | | Increase in Other Current Liabilities | 10,603 | (4,991) | 633 | 439 | 432 | | Decrease in Other Working Capital | 1,120 | (385) | - | - | - | | Other Non-Cash Items | 8,225 | 24,460 | - | - | - | | Net Cash from Continuing Operations | 122,867 | 95,016 | 71,503 | (20,211) | (34,201) | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 122,867 | 95,016 | 71,503 | (20,211) | (34,201) | | | | Sale of Property, Plant, Equipment | - | - | - | 2,107 | - | | Sale of Short Term Investments | 588,347 | 1,056,285 | 303,165 | 306,655 | 176,138 | | | Purchase of Property, Plant, Equipment | (14,816) | (8,421) | (10,921) | (1,005) | (984) | | Acquisitions | - | - | - | (118,031) | - | | Purchase of Short Term Investments | (789,707) | (1,256,862) | (292,696) | (218,430) | (141,812) | | Other Investment Changes, Net | - | - | - | - | - | | Cash from Investing Activities | (216,176) | (208,998) | 8,581 | (28,704) | 33,342 | | | Issuance of Debt | 241,825 | - | 12,500 | 62,500 | - | | Issuance of Capital Stock | 712 | 10,855 | 165,058 | 279 | 83 | | | Repayment of Debt | - | (79,596) | (48,440) | (3,840) | (117) | | Repurchase of Capital Stock | (23,250) | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 2,184 | - | - | - | (2,125) | | Cash from Financing Activities | 221,471 | (66,689) | 129,118 | 58,939 | (2,159) | | | | Effect of Exchange Rate Changes | 5 | - | - | - | - | | Net Change in Cash | 128,167 | (180,671) | 209,202 | 10,024 | (3,018) | | | Cash at Beginning of Year | 51,524 | 232,195 | 22,993 | 12,969 | 15,987 | | Cash at End of Period | 179,691 | 51,524 | 232,195 | 22,993 | 12,969 | | | |
