Cincinnati Financial Corporation
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $432.0M | $429.0M |
| Depreciation & Amortization | $38.0M | $32.0M |
| Depreciation | $48.0M | — |
| Amortization | — | — |
| Stock-Based Compensation | $10.0M | $15.0M |
| Net Cash from Operating Activities | $525.0M | $484.0M |
| Investing Activities | ||
| Capital Expenditures | $42.0M | $36.0M |
| Business Acquisitions | — | — |
| Net Cash from Investing Activities | $-815.0M | $1.51B |
| Financing Activities | ||
| Dividends Paid | $249.0M | $250.0M |
| Stock Repurchases | — | $139.0M |
| Net Cash from Financing Activities | $-162.0M | $-1.21B |
| Net Change in Cash | $-452.0M | $783.0M |
| Free Cash Flow | $483.0M | $448.0M |