Brown-Forman Corporation
Cash Flow Statement
| Line Item | FY2010 | FY2009 |
|---|---|---|
| Operating Activities | ||
| Net Income | $449.0M | $435.0M |
| Depreciation & Amortization | $59.0M | $55.0M |
| Depreciation | — | — |
| Amortization | $5.0M | $5.0M |
| Stock-Based Compensation | $8.0M | $7.0M |
| Net Cash from Operating Activities | $545.0M | $491.0M |
| Investing Activities | ||
| Capital Expenditures | $34.0M | $49.0M |
| Business Acquisitions | — | — |
| Net Cash from Investing Activities | $-35.0M | $-37.0M |
| Financing Activities | ||
| Dividends Paid | $174.0M | $169.0M |
| Stock Repurchases | $158.0M | $39.0M |
| Net Cash from Financing Activities | $-637.0M | $-216.0M |
| Net Change in Cash | $-108.0M | $221.0M |
| Free Cash Flow | $511.0M | $442.0M |