PERDOCEO EDUCATION CORP
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $81.2M | $60.1M |
| Depreciation & Amortization | $67.6M | $77.7M |
| Depreciation | $63.5M | — |
| Amortization | $1.1M | — |
| Stock-Based Compensation | $16.5M | $11.5M |
| Net Cash from Operating Activities | $288.3M | $186.7M |
| Investing Activities | ||
| Capital Expenditures | $74.1M | $53.9M |
| Business Acquisitions | — | — |
| Net Cash from Investing Activities | $-49.3M | $-150.8M |
| Financing Activities | ||
| Dividends Paid | — | — |
| Stock Repurchases | $201.1M | $14.1M |
| Net Cash from Financing Activities | $-199.2M | $-21.0M |
| Net Change in Cash | $40.2M | $7.2M |
| Free Cash Flow | $214.2M | $132.9M |