LANDSTAR SYSTEM, INC.
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $70.4M | $110.9M |
| Depreciation & Amortization | $23.5M | $21.0M |
| Depreciation | — | — |
| Amortization | — | — |
| Stock-Based Compensation | $5.0M | $7.3M |
| Net Cash from Operating Activities | $145.0M | $119.7M |
| Investing Activities | ||
| Capital Expenditures | $2.7M | $8.3M |
| Business Acquisitions | $14.9M | — |
| Net Cash from Investing Activities | $-22.8M | $-9.2M |
| Financing Activities | ||
| Dividends Paid | $8.7M | $8.1M |
| Stock Repurchases | $55.8M | $51.6M |
| Net Cash from Financing Activities | $-135.9M | $-72.0M |
| Net Change in Cash | $-13.2M | $38.2M |
| Free Cash Flow | $142.2M | $111.4M |