| Cash Flow for Wayside Technology Group Inc. (WSTG) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 3,703 | 3,268 | 2,653 | 6,322 | 966 | | Depreciation & Amortization | 351 | 259 | 236 | 176 | 291 | | Deferred Income Taxes | 1,170 | 1,214 | - | - | - | | Operating Losses | - | 6 | 456 | (3,995) | - | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 2,627 | (9,502) | (7,369) | (7,045) | (1,442) | | Decrease in Inventories | 149 | 691 | (533) | (304) | 32 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (3,205) | 9,554 | 10,015 | 7,118 | 1,147 | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | 114 | 8 | (2) | (22) | (4) | | Other Non-Cash Items | 652 | 495 | - | - | - | | Net Cash from Continuing Operations | 5,251 | 6,085 | 5,451 | 1,925 | 943 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 5,251 | 6,085 | 5,451 | 1,925 | 943 | | | | Sale of Property, Plant, Equipment | - | 10 | - | - | - | | Sale of Short Term Investments | 18,588 | 17,950 | 14,800 | 5,500 | - | | | Purchase of Property, Plant, Equipment | (482) | (329) | (367) | (187) | (122) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | (21,189) | (17,089) | (16,077) | (7,084) | (5,473) | | Other Investment Changes, Net | - | - | - | - | 5,550 | | Cash from Investing Activities | (3,083) | 542 | (1,644) | (1,771) | (45) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 1,074 | 1,216 | 510 | 359 | 175 | | | Repayment of Debt | - | - | - | - | - | | Repurchase of Capital Stock | (924) | (53) | - | - | (377) | | Payment of Cash Dividends | (2,684) | (2,231) | (1,858) | (1,600) | (1,113) | | Other Financing Charges, Net | 522 | 901 | - | - | - | | Cash from Financing Activities | (2,012) | (167) | (1,348) | (1,241) | (1,315) | | | | Effect of Exchange Rate Changes | 253 | 3 | 22 | 97 | 223 | | Net Change in Cash | 409 | 6,463 | 2,481 | (990) | (194) | | | Cash at Beginning of Year | 13,832 | 7,369 | 4,888 | 5,878 | 6,072 | | Cash at End of Period | 14,241 | 13,832 | 7,369 | 4,888 | 5,878 | | | |
