Blackbaud, Inc.
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $27.5M | $29.9M |
| Depreciation & Amortization | $15.6M | $12.9M |
| Depreciation | $8.4M | — |
| Amortization | $768.0K | $713.0K |
| Stock-Based Compensation | $12.4M | $12.1M |
| Net Cash from Operating Activities | $86.9M | $60.3M |
| Investing Activities | ||
| Capital Expenditures | $5.5M | $7.7M |
| Business Acquisitions | $2.3M | $49.9M |
| Net Cash from Investing Activities | $-7.8M | $-56.0M |
| Financing Activities | ||
| Dividends Paid | $17.7M | $17.5M |
| Stock Repurchases | — | $43.7M |
| Net Cash from Financing Activities | $-73.2M | $-958.0K |
| Net Change in Cash | $6.4M | $1.6M |
| Free Cash Flow | $81.4M | $52.6M |