HORNBECK OFFSHORE SERVICES, INC.
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $156.1M | $-635.9M |
| Depreciation & Amortization | $262.6M | $333.7M |
| Depreciation | — | — |
| Amortization | $2.4M | — |
| Stock-Based Compensation | $12.0M | $21.4M |
| Net Cash from Operating Activities | $417.7M | $437.7M |
| Investing Activities | ||
| Capital Expenditures | $423.4M | $855.1M |
| Business Acquisitions | — | — |
| Net Cash from Investing Activities | $-68.5M | $-558.0M |
| Financing Activities | ||
| Dividends Paid | — | — |
| Stock Repurchases | $14.0M | $3.9M |
| Net Cash from Financing Activities | $-300.7M | $256.2M |
| Net Change in Cash | $47.1M | $134.1M |
| Free Cash Flow | $-5.7M | $-417.3M |