| Cash Flow for Zoltek Companies Inc. (ZOLT) | | | | | | | Cash Flow | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Net Income | (2,517) | (65,802) | (40,393) | (16,737) | (15,602) | | Depreciation & Amortization | 9,205 | 5,853 | 5,232 | 5,614 | 6,230 | | Deferred Income Taxes | 828 | - | - | - | - | | Operating Losses | 6,968 | 51,138 | 18,410 | 5,918 | 751 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (18,320) | (6,772) | (1,234) | (4,295) | 2,437 | | Decrease in Inventories | (5,388) | 2,318 | (147) | (176) | 1,758 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 3,224 | 658 | 3,053 | 2,487 | (1,690) | | Increase in Other Current Liabilities | 540 | 2,035 | (71) | (1,594) | 1,267 | | Decrease in Other Working Capital | 171 | (25) | - | - | - | | Other Non-Cash Items | 1,567 | 969 | - | - | - | | Net Cash from Continuing Operations | 5,324 | 3,218 | (7,476) | (6,859) | (4,445) | | Net Cash from Discontinued Operations | 1,555 | (413) | (1,624) | (234) | - | | Cash from Operating Activities | 6,879 | 2,805 | (9,100) | (7,093) | (4,445) | | | | Sale of Property, Plant, Equipment | - | - | 1 | 137 | 760 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (53,412) | (40,795) | (14,790) | (6,128) | (1,577) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | 2,254 | (6,634) | - | - | 2 | | Cash from Investing Activities | (51,158) | (47,440) | (14,791) | (5,997) | (815) | | | Issuance of Debt | 11,033 | 47,505 | 45,000 | 26,731 | 16,240 | | Issuance of Capital Stock | 146,081 | 13,234 | 2,947 | 255 | 21 | | | Repayment of Debt | - | (3,744) | (22,349) | (13,211) | (10,880) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | (1,660) | (1,541) | (1,693) | (1,249) | - | | Cash from Financing Activities | 155,454 | 55,454 | 23,905 | 12,526 | 5,381 | | | | Effect of Exchange Rate Changes | (216) | (272) | (26) | (7) | 32 | | Net Change in Cash | 110,959 | 10,547 | (12) | (571) | 153 | | | Cash at Beginning of Year | 10,802 | 255 | 267 | 838 | 685 | | Cash at End of Period | 121,761 | 10,802 | 255 | 267 | 838 | | | |
