FORRESTER RESEARCH, INC.
Cash Flow Statement
| Line Item | FY2009 |
|---|---|
| Operating Activities | |
| Net Income | $18.9M |
| Depreciation & Amortization | — |
| Depreciation | $4.4M |
| Amortization | $2.3M |
| Stock-Based Compensation | $6.1M |
| Net Cash from Operating Activities | $43.1M |
| Investing Activities | |
| Capital Expenditures | $4.3M |
| Business Acquisitions | $5.6M |
| Net Cash from Investing Activities | $-59.5M |
| Financing Activities | |
| Dividends Paid | — |
| Stock Repurchases | $20.4M |
| Net Cash from Financing Activities | $-16.1M |
| Net Change in Cash | $-31.7M |
| Free Cash Flow | $38.8M |