| Cash Flow for Westamerica Ban Corp. (WABC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 89,776 | 98,806 | 107,441 | 95,218 | 95,063 | | Provision for Loan Loss | 700 | 445 | 900 | 2,700 | 3,300 | | Depreciation & Amortization | 8,534 | 9,807 | 9,759 | 6,058 | 6,186 | | Deferred Income Taxes | - | - | - | - | - | | Change in Assets (Receivables) | (4,198) | (4,376) | (3,974) | (330) | 57,402 | | Change in Liabilities (Payables) | 11,633 | 3,327 | 5,539 | 7,063 | (54,306) | | Investment Securities Gain | - | - | 4,903 | (2,169) | (2,443) | | Net Policy Acquisition Cost | - | - | - | - | - | | Realized Investment Gains | (181) | (233) | (3,685) | 1,618 | 20 | | Net Premiums Receivables | - | - | - | - | - | | Change in Income Taxes | 586 | (423) | (1,331) | (3,779) | 6,550 | | Other Non-Cash Items | 1,507 | 637 | - | 7,147 | 3,593 | | Net Cash from Operating Activities | 108,357 | 107,990 | 119,551 | 113,526 | 115,365 | | | | Proceeds from Sale/Mat. Inv. | 223,719 | 250,193 | 466,495 | 716,129 | 882,719 | | Purchase of Investment Securities | (30,571) | (30,832) | (251,411) | (986,863) | (1,443,127) | | Net Increase Fed. Funds Sold | (37) | 106 | (1,408) | - | - | | Purchase of Property & Equipment | (1,325) | (588) | (1,655) | (3,390) | (4,345) | | Acquisitions | - | - | (35,210) | - | - | | Other Investment Changes, Net | 26,184 | 139,280 | 70,086 | 21,099 | 168,262 | | Net Cash from Investing Activities | 217,970 | 358,159 | 246,897 | (253,025) | (396,491) | | | Net Change in Deposits | (251,944) | (329,367) | (107,498) | 119,628 | 169,925 | | Cash Dividends paid | (40,647) | (40,696) | (39,322) | (35,090) | (32,935) | | Repayment of Long Term Debt | (147) | (3,362) | (3,338) | (110,418) | (67,166) | | Change in Short Term Debt | 66,622 | (43,196) | (47,649) | 144,776 | 240,910 | | Issuance of Long term Debt | - | - | - | - | 36 | | Issuance of Preferred Stock | - | - | - | - | - | | Issuance of Common Stock | 11,908 | 12,755 | 9,830 | 12,572 | 8,176 | | Purchase of Treasury Stock | (87,103) | (88,981) | (95,351) | (55,444) | (70,769) | | Other Financing Activities | 306 | 1,867 | - | - | - | | Cash from Financing Activities | (301,005) | (490,980) | (283,328) | 76,024 | 248,177 | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash & Equivalents | 25,322 | (24,831) | 83,120 | (63,475) | (32,949) | | | Cash at Beginning of Period | 184,442 | 209,273 | 126,153 | 189,628 | 222,577 | | Cash at End of Period | 209,764 | 184,442 | 209,273 | 126,153 | 189,628 | | | |
