| Cash Flow for Shermag Inc (SMG:CA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 03/2007 | 03/2006 | 03/2005 | 03/2004 | 03/2003 | | | Net Income | (17,379) | (30,624) | (9,908) | 17,091 | 16,156 | | Depreciation & Amortization | - | - | - | - | - | | Deferred Income Taxes | (2,208) | (381) | (1,380) | (79) | 366 | | Operating Losses | (197) | 70 | 15,140 | 107 | 17 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 9,809 | (933) | 1,721 | - | - | | Decrease in Inventories | 2,582 | 14,304 | (4,621) | - | - | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (3,916) | 603 | (1,707) | - | - | | Increase in Other Current Liabilities | - | (65) | 36 | - | - | | Decrease in Other Working Capital | - | - | - | (8,551) | (242) | | Other Non-Cash Items | 3,578 | 19,635 | - | - | - | | Net Cash from Continuing Operations | (3,892) | 8,531 | 6,310 | 15,854 | 22,940 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (3,892) | 8,531 | 6,310 | 15,854 | 22,940 | | | | Sale of Property, Plant, Equipment | 1,887 | 476 | 4 | 81 | 77 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (1,862) | (1,500) | (4,816) | (3,708) | (2,406) | | Acquisitions | - | - | - | (26,908) | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (886) | (1,452) | (1,342) | (3,359) | (1,614) | | Cash from Investing Activities | (861) | (2,476) | (6,154) | (33,894) | (3,943) | | | Issuance of Debt | 26,754 | - | 62 | 43,509 | - | | Issuance of Capital Stock | - | - | 9 | 377 | 19 | | | Repayment of Debt | (22,378) | (16,302) | (6,197) | (15,458) | (15,785) | | Repurchase of Capital Stock | - | - | - | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 169 | - | - | - | - | | Cash from Financing Activities | 4,545 | (16,302) | (6,126) | 28,428 | (15,766) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (208) | (10,247) | (5,970) | 10,388 | 3,231 | | | Cash at Beginning of Year | 229 | 10,476 | 16,446 | 6,058 | 2,827 | | Cash at End of Period | 21 | 229 | 10,476 | 16,446 | 6,058 | | | |
