STIFEL FINANCIAL CORP
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $75.8M | $55.5M |
| Depreciation & Amortization | $23.2M | $13.9M |
| Depreciation | — | — |
| Amortization | $2.8M | $3.1M |
| Stock-Based Compensation | — | — |
| Net Cash from Operating Activities | $-347.3M | $350.3M |
| Investing Activities | ||
| Capital Expenditures | $27.9M | $21.6M |
| Business Acquisitions | $251.7M | $10.6M |
| Net Cash from Investing Activities | $-850.8M | $-86.5M |
| Financing Activities | ||
| Dividends Paid | — | — |
| Stock Repurchases | — | $12.1M |
| Net Cash from Financing Activities | $1.12B | $-72.1M |
| Net Change in Cash | $-77.9M | $191.8M |
| Free Cash Flow | $-375.1M | $328.6M |