| Cash Flow for Xyratex Ltd. (XRTX) | | | | | | | Cash Flow | in Thousands of Dollars | | | 11/2007 | 11/2006 | 11/2005 | 11/2004 | 11/2003 | | | Net Income | 28,109 | 58,178 | 41,889 | (122,245) | (35,815) | | Depreciation & Amortization | 13,683 | 10,105 | 6,694 | 5,336 | 4,969 | | Deferred Income Taxes | (1,616) | 5,824 | 4,403 | (7,709) | (12,919) | | Operating Losses | 341 | 265 | 4,292 | 162,965 | 65,030 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (17,003) | (21,098) | (29,272) | (6,695) | (7,820) | | Decrease in Inventories | 1,449 | (21,528) | (16,297) | (2,084) | (9,832) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 11,150 | 4,302 | 25,668 | 4,251 | 5,208 | | Increase in Other Current Liabilities | (7,198) | 4,990 | (1,435) | (12,392) | 13,949 | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | 8,057 | 7,194 | - | - | - | | Net Cash from Continuing Operations | 41,320 | 54,493 | 38,618 | 22,840 | 19,761 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 41,320 | 54,493 | 38,618 | 22,840 | 19,761 | | | | Sale of Property, Plant, Equipment | - | 762 | - | 36 | - | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (21,807) | (23,932) | (17,070) | (8,985) | (5,107) | | Acquisitions | (1,661) | (12,252) | (34,845) | (7,418) | (175) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | 6,000 | - | | Cash from Investing Activities | (23,468) | (35,422) | (51,915) | (10,367) | (5,282) | | | Issuance of Debt | - | - | - | - | 19,000 | | Issuance of Capital Stock | 2,905 | 3,610 | 2,175 | 53,147 | 273 | | | Repayment of Debt | (7,000) | (7,000) | (11,133) | (4,133) | (12,480) | | Repurchase of Capital Stock | - | - | - | - | (18,939) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | (4,095) | (3,390) | (8,958) | 49,014 | (12,926) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 13,757 | 15,681 | (22,255) | 61,487 | 1,553 | | | Cash at Beginning of Year | 56,921 | 41,240 | 63,495 | 2,008 | 455 | | Cash at End of Period | 70,678 | 56,921 | 41,240 | 63,495 | 2,008 | | | |
