M&T BANK CORPORATION
Cash Flow Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $379.9M | $555.9M | $654.3M |
| Depreciation & Amortization | — | — | — |
| Depreciation | $64.4M | — | — |
| Amortization | $64.3M | $66.6M | $66.5M |
| Stock-Based Compensation | — | — | — |
| Net Cash from Operating Activities | $1.19B | $1.63B | $1.33B |
| Investing Activities | |||
| Capital Expenditures | — | — | — |
| Business Acquisitions | $-203.0M | — | — |
| Net Cash from Investing Activities | $2.50B | $-2.26B | $-4.78B |
| Financing Activities | |||
| Dividends Paid | $325.7M | $308.5M | $281.9M |
| Stock Repurchases | $0 | $0 | $508.4M |
| Net Cash from Financing Activities | $-4.01B | $435.9M | $3.59B |
| Net Change in Cash | $-321.8M | $-199.4M | $142.6M |
| Free Cash Flow | — | — | — |