HEICO Corporation
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $44.6M | $48.5M |
| Depreciation & Amortization | $15.0M | $15.1M |
| Depreciation | — | — |
| Amortization | $4.5M | — |
| Stock-Based Compensation | — | — |
| Net Cash from Operating Activities | $75.8M | $73.2M |
| Investing Activities | ||
| Capital Expenditures | $10.3M | $13.5M |
| Business Acquisitions | $59.8M | $24.8M |
| Net Cash from Investing Activities | $-70.0M | $-38.1M |
| Financing Activities | ||
| Dividends Paid | $3.2M | $2.6M |
| Stock Repurchases | $8.1M | — |
| Net Cash from Financing Activities | $-11.5M | $-26.8M |
| Net Change in Cash | $-5.4M | $7.6M |
| Free Cash Flow | $65.6M | $59.7M |