PIPER SANDLER COMPANIES
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $30.4M | $-183.0M |
| Depreciation & Amortization | — | — |
| Depreciation | $7.2M | $9.0M |
| Amortization | $2.5M | $2.6M |
| Stock-Based Compensation | $41.2M | $21.3M |
| Net Cash from Operating Activities | $-115.9M | $62.1M |
| Investing Activities | ||
| Capital Expenditures | $3.7M | $2.4M |
| Business Acquisitions | — | $6.3M |
| Net Cash from Investing Activities | $-3.7M | $-8.7M |
| Financing Activities | ||
| Dividends Paid | — | — |
| Stock Repurchases | $28.5M | $23.8M |
| Net Cash from Financing Activities | $113.3M | $-153.5M |
| Net Change in Cash | $-5.9M | $-100.5M |
| Free Cash Flow | $-119.6M | $59.7M |