Lincoln Electric Holdings, Inc.
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $48.6M | $212.3M |
| Depreciation & Amortization | $56.6M | $56.9M |
| Depreciation | — | — |
| Amortization | $4.5M | — |
| Stock-Based Compensation | $5.4M | $4.7M |
| Net Cash from Operating Activities | $250.4M | $257.4M |
| Investing Activities | ||
| Capital Expenditures | $38.2M | $72.4M |
| Business Acquisitions | $25.4M | $44.0M |
| Net Cash from Investing Activities | $-63.6M | $-115.8M |
| Financing Activities | ||
| Dividends Paid | $45.8M | $42.8M |
| Stock Repurchases | $343.0K | $42.3M |
| Net Cash from Financing Activities | $-89.1M | $-67.7M |
| Net Change in Cash | $103.8M | $67.0M |
| Free Cash Flow | $212.1M | $185.0M |