CLEVELAND-CLIFFS INC.
Cash Flow Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $205.1M | $515.8M | $270.0M |
| Depreciation & Amortization | $236.6M | $201.1M | $107.2M |
| Depreciation | $120.6M | $113.5M | — |
| Amortization | $8.2M | $2.8M | — |
| Stock-Based Compensation | $10.1M | $21.4M | $11.8M |
| Net Cash from Operating Activities | $185.7M | $853.2M | $288.9M |
| Investing Activities | |||
| Capital Expenditures | $116.3M | $182.5M | $199.5M |
| Business Acquisitions | $0 | $0 | $343.8M |
| Net Cash from Investing Activities | $-179.3M | $-795.6M | $-745.4M |
| Financing Activities | |||
| Dividends Paid | $31.9M | $36.1M | $20.9M |
| Stock Repurchases | — | — | — |
| Net Cash from Financing Activities | $304.3M | $32.4M | $250.1M |
| Net Change in Cash | $323.7M | $21.9M | $-194.6M |
| Free Cash Flow | $69.4M | $670.7M | $89.4M |