| Cash Flow for Wall Financial (WFC:CA) | | | | | | | Cash Flow | in Thousands of Dollars | | | 01/2008 | 01/2007 | 01/2006 | 01/2005 | 01/2004 | | | Net Income | 24,477 | 25,720 | 22,254 | 21,995 | 6,512 | | Depreciation & Amortization | 4,333 | 4,422 | 4,378 | 4,767 | 3,861 | | Deferred Income Taxes | (1,382) | (3,059) | (607) | 1,245 | 2,305 | | Operating Losses | 16,106 | 42,767 | (12,388) | (25,855) | 1,572 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 13,982 | (23,141) | 5,019 | 3,986 | 4,218 | | Decrease in Inventories | (53) | (30) | (56) | 40 | - | | Decrease in Other Current Assets | (301) | (115) | - | - | - | | Increase in Payables | 463 | 6,196 | 254 | 3,715 | 491 | | Increase in Other Current Liabilities | (8,348) | (1,349) | - | 2,872 | - | | Decrease in Other Working Capital | - | - | (74,046) | - | (2,201) | | Other Non-Cash Items | 8,323 | (19) | 6,831 | (50,617) | 51,588 | | Net Cash from Continuing Operations | 57,599 | 51,391 | (49,030) | (37,830) | 68,346 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 57,599 | 51,391 | (49,030) | (37,830) | 68,346 | | | | Sale of Property, Plant, Equipment | - | - | 16,508 | 10,852 | 10,615 | | Sale of Short Term Investments | - | - | - | 22,996 | - | | | Purchase of Property, Plant, Equipment | (16,041) | (1,525) | (27,469) | (849) | (1,218) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | (5,199) | - | | Cash from Investing Activities | (16,041) | (1,424) | (11,019) | 27,800 | 9,397 | | | Issuance of Debt | 4,745 | 5,000 | 74,060 | 44,696 | - | | Issuance of Capital Stock | - | - | - | - | - | | | Repayment of Debt | (6,758) | (55,225) | (12,075) | (21,954) | (72,707) | | Repurchase of Capital Stock | - | - | (103) | (1,092) | (792) | | Payment of Cash Dividends | (22,444) | (4,810) | - | (8,845) | (4,875) | | Other Financing Charges, Net | (19,565) | 8,102 | 703 | (3,453) | 1,417 | | Cash from Financing Activities | (44,023) | (46,933) | 62,585 | 9,353 | (76,957) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (2,465) | 3,034 | 2,537 | (677) | 786 | | | Cash at Beginning of Year | 7,344 | 4,310 | 1,774 | 2,451 | 1,665 | | Cash at End of Period | 4,880 | 7,344 | 4,310 | 1,774 | 2,451 | | | |
