| Cash Flow for Petrobank J (PBG:CA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | 81,427 | 23,106 | 12,808 | 8,506 | (14,691) | | Depreciation & Amortization | 79,656 | 30,940 | 16,382 | 33,367 | 27,363 | | Deferred Income Taxes | 5,773 | 543 | 607 | 6,482 | (500) | | Operating Losses | 10,686 | 1,684 | (4,038) | (15,918) | 17,086 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | - | - | - | 8,465 | (10,007) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | - | - | - | (7,044) | 6,041 | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | 10,716 | 3,046 | (1,003) | 7,147 | (4,806) | | Other Non-Cash Items | (3,407) | 3,105 | 1,168 | - | - | | Net Cash from Continuing Operations | 185,580 | 64,040 | 27,887 | 41,005 | 20,486 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 185,580 | 64,040 | 27,887 | 41,005 | 20,486 | | | | Sale of Property, Plant, Equipment | - | - | - | 143,027 | 20,448 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (510,264) | (229,693) | (118,152) | (47,901) | (116,060) | | Acquisitions | (120,250) | - | - | - | (8,573) | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | 69,455 | 1,247 | 29,144 | (7,483) | 2,802 | | Cash from Investing Activities | (561,059) | (228,446) | (89,008) | 87,643 | (101,383) | | | Issuance of Debt | 363,728 | 29,765 | 12,651 | - | 64,512 | | Issuance of Capital Stock | 145,955 | 180,653 | 48,880 | 802 | 12,786 | | | Repayment of Debt | (2,629) | (49,924) | (49,749) | (53,156) | (7,806) | | Repurchase of Capital Stock | - | - | - | - | (9) | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 352 | 14,023 | (827) | (785) | (810) | | Cash from Financing Activities | 507,406 | 174,517 | 10,955 | (53,139) | 68,673 | | | | Effect of Exchange Rate Changes | 3,100 | 958 | - | - | - | | Net Change in Cash | 135,027 | 11,069 | (50,166) | 75,509 | (12,224) | | | Cash at Beginning of Year | 36,412 | 25,343 | 75,509 | - | 12,224 | | Cash at End of Period | 171,439 | 36,412 | 25,343 | 75,509 | - | | | |
