| Cash Flow for PetroCanada (PCA:CA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 2,733,000 | 1,740,000 | 1,791,000 | 1,757,000 | 1,669,000 | | Depreciation & Amortization | 2,091,000 | 1,365,000 | 1,222,000 | 1,402,000 | 1,539,000 | | Deferred Income Taxes | 377,000 | 311,000 | (85,000) | 27,000 | 59,000 | | Operating Losses | 218,000 | 111,000 | 939,000 | 555,000 | 83,000 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | - | 17,000 | (563,000) | (88,000) | 93,000 | | Decrease in Inventories | - | (36,000) | (18,000) | 4,000 | 34,000 | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | - | 365,000 | 656,000 | 247,000 | (219,000) | | Increase in Other Current Liabilities | - | (60,000) | (159,000) | (36,000) | (75,000) | | Decrease in Other Working Capital | (1,657,000) | (365,000) | - | - | - | | Other Non-Cash Items | (423,000) | 312,000 | - | 399,000 | - | | Net Cash from Continuing Operations | 3,339,000 | 3,760,000 | 3,783,000 | 4,279,000 | 3,208,000 | | Net Cash from Discontinued Operations | - | (137,000) | 204,000 | - | - | | Cash from Operating Activities | 3,339,000 | 3,623,000 | 3,987,000 | 4,279,000 | 3,208,000 | | | | Sale of Property, Plant, Equipment | 183,000 | 688,000 | 81,000 | 44,000 | 165,000 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (3,988,000) | (3,435,000) | (3,676,000) | (4,073,000) | (2,315,000) | | Acquisitions | - | - | - | (644,000) | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | 158,000 | (50,000) | 237,000 | (26,000) | (53,000) | | Cash from Investing Activities | (3,647,000) | (2,738,000) | (3,358,000) | (4,699,000) | (2,203,000) | | | Issuance of Debt | 1,104,000 | - | 762,000 | 847,000 | 804,000 | | Issuance of Capital Stock | 37,000 | 44,000 | 64,000 | 39,000 | 50,000 | | | Repayment of Debt | (7,000) | (7,000) | (309,000) | (299,000) | (1,352,000) | | Repurchase of Capital Stock | (839,000) | (1,011,000) | (346,000) | (447,000) | - | | Payment of Cash Dividends | (255,000) | (201,000) | (181,000) | (159,000) | (106,000) | | Other Financing Charges, Net | - | - | - | (26,000) | - | | Cash from Financing Activities | 40,000 | (1,175,000) | (10,000) | (45,000) | (604,000) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (268,000) | (290,000) | 619,000 | (465,000) | 401,000 | | | Cash at Beginning of Year | 499,000 | 789,000 | 170,000 | 635,000 | 234,000 | | Cash at End of Period | 231,000 | 499,000 | 789,000 | 170,000 | 635,000 | | | |
