| Cash Flow for Zebra Technologies Corp. (ZBRA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 110,113 | 70,946 | 111,603 | 120,643 | 91,696 | | Depreciation & Amortization | 26,902 | 16,087 | 13,104 | 12,255 | 11,580 | | Deferred Income Taxes | (5,477) | (6,737) | (834) | (2,358) | (697) | | Operating Losses | 1,853 | (552) | 3,815 | 6,987 | 5,679 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 4,453 | (4,292) | (20,422) | (11,491) | (5,141) | | Decrease in Inventories | (134) | (13,430) | (6,204) | (15,456) | (1,659) | | Decrease in Other Current Assets | - | - | (8,523) | (11,492) | 2,466 | | Increase in Payables | (3,418) | (1,869) | 3,792 | 6,420 | (3,156) | | Increase in Other Current Liabilities | 15,142 | 11,145 | (4,974) | 5,694 | 3,751 | | Decrease in Other Working Capital | (5,460) | (296) | 1,233 | 54 | - | | Other Non-Cash Items | 14,146 | 17,250 | - | - | - | | Net Cash from Continuing Operations | 158,120 | 88,252 | 92,590 | 111,256 | 104,519 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 158,120 | 88,252 | 92,590 | 111,256 | 104,519 | | | | Sale of Property, Plant, Equipment | - | - | - | - | - | | Sale of Short Term Investments | 1,281,979 | 1,131,915 | 1,033,177 | 1,180,960 | 951,702 | | | Purchase of Property, Plant, Equipment | (26,870) | (37,288) | (14,286) | (16,243) | (8,407) | | Acquisitions | (286,761) | (2,681) | (7,657) | - | (13,680) | | Purchase of Short Term Investments | (1,025,089) | (1,110,472) | (1,021,813) | (1,287,388) | (1,057,241) | | Other Investment Changes, Net | - | - | (13,754) | - | - | | Cash from Investing Activities | (56,741) | (18,526) | (24,333) | (122,671) | (127,626) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 8,375 | 10,402 | 11,753 | 15,531 | 17,762 | | | Repayment of Debt | - | - | (171) | (434) | (200) | | Repurchase of Capital Stock | (112,094) | (68,221) | (70,421) | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 921 | 1,514 | - | (238) | (142) | | Cash from Financing Activities | (102,798) | (56,305) | (58,839) | 14,859 | 17,420 | | | | Effect of Exchange Rate Changes | (18) | 1,972 | (1,780) | 273 | 1,535 | | Net Change in Cash | (1,437) | 15,393 | 7,638 | 3,717 | (4,152) | | | Cash at Beginning of Year | 39,648 | 25,621 | 17,983 | 14,266 | 18,418 | | Cash at End of Period | 38,211 | 41,014 | 25,621 | 17,983 | 14,266 | | | |
