Audiovox 2005 Annual Report Download - page 62

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AUDIOVOX CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)
YEARS ENDED NOVEMBER 30, 2003, 2004 AND 2005
(IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA)
2003 2004 2005
−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−
−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−− −−−−−−−−−−−−−−−
Repayments on bank obligations (277,948) (1,261,353) (5,350)
Principal payments on capital lease obligation (61) (65) (69)
Proceeds from exercise of stock options and warrants 674 1,524 7,692
Repurchase of Class A common stock − − (2,037)
Proceeds from issuance of long−term debt 12,913 − −
Principal payments on debt − (12,951) (1,831)
Payment of guarantee − (291) −
−−− −−−−−−−−−−−−−−− −
Net cash provided by (used in) financing activities 13,561 (44,068) (495)
−−−−− −−−−−− −−−−− −−−−−−−− −−−−−−− −−−−−
Effect of exchange rate changes on cash 302 320 (234)
−−−−−−−−−−−−−− −−−− −−−−−−− −−−−−
Net increase (decrease) in cash and cash equivalents 1,944 38,707 (29,245)
Cash and cash equivalents at beginning of year 2,758 4,702 43,409
−−−−−−− −−−−−− −−−−−−−−−−−−−−− −−−−−− −−−−−−
Cash and cash equivalents at end of year $ 4,702 $ 43,409 $ 14,164
======== ========= ========
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the years for:
Interest, excluding bank charges $ 1,857 $ 5,052 $ 1,699
Income taxes $10,556 $ 7,431 $ 31,639
SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
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