| Cash Flow for Yanzhou Coal Mining Company Li (YZC) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 621,980 | 477,008 | 357,072 | 381,072 | 167,575 | | Depreciation & Amortization | 169,363 | 135,933 | 117,965 | 117,401 | 112,806 | | Deferred Income Taxes | - | - | 15,261 | 13,527 | (8) | | Operating Losses | (210,846) | (218,338) | 65 | 15,231 | (4,339) | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (73,471) | 5,187 | (124,030) | (1,261) | (52,640) | | Decrease in Inventories | 19,972 | (8,473) | 7,433 | 3,277 | 11,253 | | Decrease in Other Current Assets | - | - | 19,885 | (25,836) | - | | Increase in Payables | (12,346) | 30,195 | 2,401 | 6,121 | (21,154) | | Increase in Other Current Liabilities | 85,169 | 8,228 | 93,530 | (17,670) | 82,604 | | Decrease in Other Working Capital | (43,132) | 60,347 | - | - | - | | Other Non-Cash Items | 50,421 | (2,524) | - | - | - | | Net Cash from Continuing Operations | 624,079 | 482,196 | 488,076 | 533,740 | 326,309 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 624,079 | 482,196 | 488,076 | 533,740 | 326,309 | | | | Sale of Property, Plant, Equipment | 4,325 | 1,813 | 542 | 2,055 | 4,155 | | Sale of Short Term Investments | - | 16,871 | - | - | 10,887 | | | Purchase of Property, Plant, Equipment | (389,621) | (404,581) | (162,982) | (89,757) | (159,197) | | Acquisitions | (2,049) | (59,232) | 21,094 | (21,297) | (6,183) | | Purchase of Short Term Investments | (16,558) | - | (164,333) | (72,997) | - | | Other Investment Changes, Net | 8,132 | (6,468) | 25,359 | (95,941) | (7,944) | | Cash from Investing Activities | (518,980) | (464,067) | (280,320) | (277,938) | (158,281) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | - | - | - | 212,231 | - | | | Repayment of Debt | (8,035) | (25,600) | (24,780) | (25,426) | (72,480) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | (134,666) | (138,502) | (99,026) | (56,897) | (36,270) | | Other Financing Charges, Net | 3,240 | (1,216) | (1,244) | - | (1,343) | | Cash from Financing Activities | (139,460) | (165,318) | (125,050) | 129,907 | (110,092) | | | | Effect of Exchange Rate Changes | (5,529) | (2,524) | 163 | - | - | | Net Change in Cash | (39,890) | (149,713) | 82,870 | 385,710 | 57,936 | | | Cash at Beginning of Year | 645,613 | 753,354 | 646,354 | 244,472 | 186,536 | | Cash at End of Period | 605,722 | 603,641 | 729,223 | 630,182 | 244,472 | | | |
