Employers Holdings, Inc.
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $83.0M | $101.8M |
| Depreciation & Amortization | $9.9M | $7.2M |
| Depreciation | — | — |
| Amortization | $2.8M | — |
| Stock-Based Compensation | $5.4M | $3.2M |
| Net Cash from Operating Activities | $40.8M | $67.3M |
| Investing Activities | ||
| Capital Expenditures | $1.3M | $3.9M |
| Business Acquisitions | $100.0K | $168.9M |
| Net Cash from Investing Activities | $86.0M | $-135.2M |
| Financing Activities | ||
| Dividends Paid | $11.0M | $11.8M |
| Stock Repurchases | $74.2M | $14.2M |
| Net Cash from Financing Activities | $-135.3M | $120.9M |
| Net Change in Cash | $-8.6M | $53.0M |
| Free Cash Flow | $39.5M | $63.4M |