| Cash Flow for Timminco (TIM:CA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Net Income | (18,036) | (46,233) | (15,795) | (6,907) | (3,776) | | Depreciation & Amortization | 3,146 | 5,911 | - | - | - | | Deferred Income Taxes | (1,226) | 214 | 2,101 | (237) | - | | Operating Losses | 2,602 | 2,762 | 3,282 | 2,275 | 10,344 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 810 | 2,323 | 2,342 | (755) | 6,752 | | Decrease in Inventories | (7,145) | 2,071 | 8,284 | 94 | (3,777) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 369 | (1,692) | 2,458 | 3,865 | (572) | | Increase in Other Current Liabilities | - | - | - | - | - | | Decrease in Other Working Capital | - | - | - | - | - | | Other Non-Cash Items | (1,443) | 31,506 | - | - | - | | Net Cash from Continuing Operations | (20,054) | (2,419) | 12,544 | 5,125 | 14,367 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | (20,054) | (2,419) | 12,544 | 5,125 | 14,367 | | | | Sale of Property, Plant, Equipment | 772 | 388 | 29 | 330 | 118 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (23,787) | (4,292) | (3,464) | (3,151) | (2,849) | | Acquisitions | - | - | (370) | (1,560) | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | (5,733) | (199) | 537 | (7,494) | (642) | | Cash from Investing Activities | (45,737) | (5,161) | (3,370) | (11,875) | (3,320) | | | Issuance of Debt | - | 7,482 | 16,682 | 4,396 | 17,682 | | Issuance of Capital Stock | 111,863 | - | - | 7,052 | 4,844 | | | Repayment of Debt | (30,625) | (1,343) | (23,031) | (4,049) | (31,137) | | Repurchase of Capital Stock | - | - | (5) | - | - | | Payment of Cash Dividends | - | - | - | - | - | | Other Financing Charges, Net | 3,212 | (235) | (908) | (134) | (2,525) | | Cash from Financing Activities | 84,450 | 5,904 | (7,262) | 7,265 | (11,136) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 18,659 | (1,676) | 1,912 | 515 | (89) | | | Cash at Beginning of Year | 804 | 2,480 | 568 | 53 | 142 | | Cash at End of Period | 19,463 | 804 | 2,480 | 568 | 53 | | | |
