GRAND CANYON EDUCATION, INC.
Cash Flow Statement
| Line Item | FY2009 |
|---|---|
| Operating Activities | |
| Net Income | $27.3M |
| Depreciation & Amortization | $8.0M |
| Depreciation | — |
| Amortization | — |
| Stock-Based Compensation | $3.4M |
| Net Cash from Operating Activities | $61.2M |
| Investing Activities | |
| Capital Expenditures | $60.3M |
| Business Acquisitions | — |
| Net Cash from Investing Activities | $-58.4M |
| Financing Activities | |
| Dividends Paid | — |
| Stock Repurchases | $14.5M |
| Net Cash from Financing Activities | — |
| Net Change in Cash | $27.4M |
| Free Cash Flow | $902.0K |