Arthur J. Gallagher & Co.
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $128.6M | $77.3M |
| Depreciation & Amortization | $85.6M | $73.7M |
| Depreciation | $30.6M | $30.0M |
| Amortization | — | — |
| Stock-Based Compensation | $9.9M | $11.4M |
| Net Cash from Operating Activities | $211.5M | $160.6M |
| Investing Activities | ||
| Capital Expenditures | $23.5M | $32.0M |
| Business Acquisitions | $44.6M | $274.2M |
| Net Cash from Investing Activities | $-94.6M | $-262.1M |
| Financing Activities | ||
| Dividends Paid | $127.9M | $118.5M |
| Stock Repurchases | $1.0M | $1.3M |
| Net Cash from Financing Activities | $-105.4M | $40.0M |
| Net Change in Cash | $11.5M | $-61.5M |
| Free Cash Flow | $188.0M | $128.6M |