PROGRESS SOFTWARE CORP /MA
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $32.8M | $46.3M |
| Depreciation & Amortization | — | — |
| Depreciation | $11.9M | $10.7M |
| Amortization | $28.5M | $19.5M |
| Stock-Based Compensation | $21.5M | $19.3M |
| Net Cash from Operating Activities | $62.8M | $87.2M |
| Investing Activities | ||
| Capital Expenditures | $7.4M | $8.2M |
| Business Acquisitions | — | $140.3M |
| Net Cash from Investing Activities | $-9.2M | $62.6M |
| Financing Activities | ||
| Dividends Paid | — | — |
| Stock Repurchases | $5.2M | $111.5M |
| Net Cash from Financing Activities | $9.0M | $-84.6M |
| Net Change in Cash | $79.4M | $42.6M |
| Free Cash Flow | $55.4M | $79.0M |