| Cash Flow for Calfrac Well Services Ltd. (CFW:CA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 38,568 | 72,450 | 60,113 | 45,630 | (15,956) | | Depreciation & Amortization | 37,107 | 25,699 | 17,179 | 11,992 | 9,434 | | Deferred Income Taxes | 8,799 | 1,505 | 1,400 | 573 | (300) | | Operating Losses | 6 | (5) | 1,900 | 751 | 17,724 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | (2,499) | 3,105 | (30,976) | (26,112) | 1,555 | | Decrease in Inventories | (11,626) | (7,242) | (3,457) | (730) | (1,846) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 10,103 | 17,673 | 13,952 | 11,519 | (746) | | Increase in Other Current Liabilities | (3,128) | 1,857 | 2,792 | (5,725) | - | | Decrease in Other Working Capital | (2,861) | (1,563) | - | (3,067) | - | | Other Non-Cash Items | 2,592 | 2,283 | - | - | (684) | | Net Cash from Continuing Operations | 79,483 | 110,518 | 62,047 | 34,395 | 9,181 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 79,483 | 110,518 | 62,047 | 34,395 | 9,181 | | | | Sale of Property, Plant, Equipment | 416 | 4,289 | 52 | 111 | 1,342 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (91,939) | (155,478) | (97,614) | (51,327) | (5,075) | | Acquisitions | (13,854) | - | (3,000) | (1,759) | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (18,233) | - | - | - | - | | Cash from Investing Activities | (123,610) | (136,881) | (100,562) | (52,975) | (3,733) | | | Issuance of Debt | 199,949 | 56,583 | 12,013 | 1,379 | 21,305 | | Issuance of Capital Stock | 3,396 | 867 | 1,867 | 119,780 | 29 | | | Repayment of Debt | (107,546) | (7,198) | (9,000) | (31,280) | (26,648) | | Repurchase of Capital Stock | (2,207) | (3,869) | (1,385) | (58,437) | - | | Payment of Cash Dividends | (3,674) | (3,627) | (3,623) | - | - | | Other Financing Charges, Net | - | - | - | - | - | | Cash from Financing Activities | 89,918 | 42,756 | (128) | 31,442 | (5,314) | | | | Effect of Exchange Rate Changes | (12,267) | - | - | - | - | | Net Change in Cash | 33,524 | 16,393 | (38,643) | 12,862 | 134 | | | Cash at Beginning of Year | 5,580 | (10,813) | 27,830 | 14,968 | 988 | | Cash at End of Period | 39,104 | 5,580 | (10,813) | 27,830 | 1,122 | | | |
