COMMERCE BANCSHARES, INC.
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $169.1M | $188.7M |
| Depreciation & Amortization | $51.5M | $50.7M |
| Depreciation | $37.0M | — |
| Amortization | $4.0M | — |
| Stock-Based Compensation | $6.6M | $6.4M |
| Net Cash from Operating Activities | $295.3M | $217.3M |
| Investing Activities | ||
| Capital Expenditures | $29.2M | $42.6M |
| Business Acquisitions | — | — |
| Net Cash from Investing Activities | $-1.57B | $-1.48B |
| Financing Activities | ||
| Dividends Paid | $74.7M | $72.1M |
| Stock Repurchases | $528.0K | $9.5M |
| Net Cash from Financing Activities | $441.5M | $1.23B |
| Net Change in Cash | $-835.5M | $-28.9M |
| Free Cash Flow | $266.0M | $174.7M |