Granite Construction Incorporated
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $73.5M | $122.4M |
| Depreciation & Amortization | $80.2M | $87.3M |
| Depreciation | — | — |
| Amortization | $3.0M | — |
| Stock-Based Compensation | $10.8M | $7.5M |
| Net Cash from Operating Activities | $64.3M | $257.3M |
| Investing Activities | ||
| Capital Expenditures | $87.6M | $94.1M |
| Business Acquisitions | $0 | $14.0M |
| Net Cash from Investing Activities | $-129.9M | $-18.3M |
| Financing Activities | ||
| Dividends Paid | $20.1M | $20.1M |
| Stock Repurchases | $3.4M | $45.5M |
| Net Cash from Financing Activities | $-56.3M | $-130.7M |
| Net Change in Cash | $-121.9M | $108.4M |
| Free Cash Flow | $-23.3M | $163.2M |