| Cash Flow for Watsco Inc (WSO.B) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 67,489 | 82,364 | 70,019 | 48,105 | 34,895 | | Depreciation & Amortization | 6,420 | 5,908 | 6,189 | 6,765 | 6,499 | | Deferred Income Taxes | 4,117 | (535) | 197 | 3,883 | 1,817 | | Operating Losses | (1,322) | (199) | 9,123 | 4,302 | 6,350 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 23,519 | 9,716 | (26,000) | (7,855) | (6,472) | | Decrease in Inventories | 46,416 | (18,026) | (33,271) | (23,412) | (9,554) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (48,390) | (10,036) | 4,716 | 19,499 | 19,172 | | Increase in Other Current Liabilities | - | - | 2,281 | - | - | | Decrease in Other Working Capital | 1,649 | (1,901) | - | - | - | | Other Non-Cash Items | 6,873 | 1,250 | - | 4,370 | 6,626 | | Net Cash from Continuing Operations | 106,771 | 68,541 | 35,782 | 56,659 | 60,252 | | Net Cash from Discontinued Operations | 1,227 | - | - | - | - | | Cash from Operating Activities | 107,998 | 68,541 | 35,782 | 56,659 | 60,252 | | | | Sale of Property, Plant, Equipment | 428 | 448 | 1,876 | 4,946 | 278 | | Sale of Short Term Investments | 8,551 | - | - | - | - | | | Purchase of Property, Plant, Equipment | (6,071) | (9,992) | (7,283) | (4,846) | (3,069) | | Acquisitions | (108,972) | (9,889) | (49,481) | (3,403) | (18,424) | | Purchase of Short Term Investments | (5,240) | (2,847) | - | - | - | | Other Investment Changes, Net | - | - | 160 | - | (1,294) | | Cash from Investing Activities | (108,000) | (22,280) | (54,728) | (3,303) | (22,509) | | | Issuance of Debt | 54,081 | - | 57 | 30,000 | - | | Issuance of Capital Stock | 4,131 | 3,822 | 6,094 | 6,848 | 4,827 | | | Repayment of Debt | (40,000) | (10,064) | (10,000) | (30,114) | (20,180) | | Repurchase of Capital Stock | (9,386) | (15,328) | (17,721) | (836) | (6,727) | | Payment of Cash Dividends | (36,745) | (26,372) | (16,978) | (10,103) | (5,204) | | Other Financing Charges, Net | 2,986 | 8,371 | - | (346) | - | | Cash from Financing Activities | (24,933) | (39,571) | (38,548) | (4,551) | (27,284) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (24,935) | 6,690 | (57,494) | 48,805 | 10,459 | | | Cash at Beginning of Year | 34,340 | 27,650 | 85,144 | 36,339 | 25,880 | | Cash at End of Period | 9,405 | 34,340 | 27,650 | 85,144 | 36,339 | | | |
