The First Marblehead Corporation

(NYSE:FMD)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Cash Flow Statement
Cash At Beginning Of Period — 95,937 106,271 106,271
Cash At End Of Period — 70,280 182,700 243,170
Net Change In Cash And Cash Equivalents — -25,657 76,429 136,899
Effect Of Exchange Rate Changes — — — —
Net Income Or Loss — -235,076 -178,405 51,145
Cash From Operating Activities
Depreciation Expenses — 19,633 14,532 9,420
Amortization Expenses — — — —
Amortization Of Intangibles Expenses — — — —
Deferred Income Taxes — -237,363 -185,957 -46,609
Operating Gains Or Losses — — — —
Extraordinary Gains Or Losses — — — —
Increase Or Decrease In Receivables — 391,662 342,517 39,228
Increase Or Decrease In Inventories — — — —
Increase Or Decrease In Prepaid Expenses — 60,872 15,437 -4,803
Increase Or Decrease In Other Current Assets — 60,872 15,437 -4,803
Increase Or Decrease In Payables — — -470,553 -320,971
Increase Or Decrease In Other Current Liabilities — -6,671 -25,737 -28,287
Increase Or Decrease In Other Working Capital — — — 79,404
Other Non Cash Items — -461,387 64,062 -8,438
Net Cash From Continuing Operations — 10,192 5,803 4,037
Net Cash From Discontinued Operations — -458,138 -418,301 -225,874
Net Cash From Operating Activities — — — —
Cash From Investing Activities
Sale Of Property Plant And Equipment — — — —
Sale Of Long Term Investments — — — —
Sale Of Short Term Investments — — — —
Purchase Of Property Plant And Equipment — -7,057 -8,127 -7,458
Acquisitions — — — —
Purchase Of Long Term Investments — — — —
Purchase Of Short Term Investments — -33,300 -25,000 -25,000
Other Investing Changes Net — -69,535 -186 -124
Cash From Discontinued Investing Activities — — — —
Net Cash From Investing Activities — -18,526 11,198 13,326
Cash From Financing Activities
Issuance Of Debt — 59,592 60,700 60,307
Issuance Of Capital Stock — -5,490 -3,974 -2,462
Repayment Of Debt — -23 -900 -805
Repurchase Of Capital Stock — -36,944 -36,944 -36,944
Payment Of Cash Dividends — 190,973 221,750 93,951
Net Other Financing Charges — 190,973 221,750 93,951
Cash From Discontinued Financing Activities — — — —
Net Cash From Financing Activities — 451,007 483,532 349,447