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1 9 3 - 1 0 3 Exhibit 2 Beta Corporation, Consolidated Statements of Cash Flows ( $ thousand ) 193-103 Exhibit2 Beta Corporation, Consolidated
Exhibit Beta Corporation, Consolidated Statements of Cash Flows $ thousand
193-103 Exhibit2 Beta Corporation, Consolidated Statements of Cash Flows ($ thousand) Year Ended December 31, Cash Flows from Operating Activities: Cash received from customers Cash paid to suppliers and employees Interest received Interest paid Income taxes paid Net cash generated by operating activities Cash Flows from Investing Activities: Capital expenditures Marketable securities purchases Net cash used in investing activities Cash Flow from Financing Activities: Net payrnents under working capital line of credit Net payments under equipment line of credit Principal payments under capital lease obligations Proceeds (payment) of subordinated debt Proceeds from the issuance of common stock Net cash provided by (used in) financing activities Effect of exchange rate changes on cash Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Reconciliation of Net Income to Net Cash Generated by Operating Activities: Net income Adjustments to Reconcile Net Income to Net Cash Consumed by Operating Activities: Bad debt provision Depreciation and amortization Amortization of original issue discount Loss on disposition of assets Compensation expense related to stock grants Changes in Assets and Liabilities: (Increase) in accounts receivable (Increase) decrease in inventory (Increase) decrease in deposits and other assets Increase (decrease) in accounts payable and accrued expenses Total adjustments Net cash generated by operating activities 1991 $83,865 (77,820) 643 (536) (2,233) 3,919 (6,031) (8,000) (14,031) (985) (169) (5,000) 23,082 16,928 (4) 6,812 5,375 $12,187 $ 6,323 99 4,028 208 17 40 (10,837) (951) (665) 5,657 ( 2,404) $ 3,919 1990 $73,273 (65,480) 355 (1.046) (102) 7,000 (4,600) (4,600) (2,000) (126) (213) 141 (2,198) 14 216 5,159 s 5.375 $ 5,201 47 2,701 324 9 85 (613) (810) (310) 1.799 s 7,000 1989 $51,110 (46,589) 132 (908) (75) 3.670 (3.650) (3,650) (860) (388) (276) 4.400 639 3,515 3,535 1,624 $ 5,159 $417 98 2.231 68 58 (1 ,550) 1.043 (762) 2.067 3.253 $ 3,670
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