The Sherwin-Williams Company
Cash Flow Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $435.8M | $476.9M | $615.6M |
| Depreciation & Amortization | — | — | — |
| Depreciation | $145.2M | $143.2M | $139.0M |
| Amortization | $25.7M | $22.3M | $24.5M |
| Stock-Based Compensation | $23.3M | $41.1M | $35.4M |
| Net Cash from Operating Activities | $859.2M | $876.2M | $874.5M |
| Investing Activities | |||
| Capital Expenditures | $91.3M | $117.2M | $165.9M |
| Business Acquisitions | $15.4M | $68.7M | $282.4M |
| Net Cash from Investing Activities | $-130.4M | $-236.8M | $-456.6M |
| Financing Activities | |||
| Dividends Paid | $162.6M | — | — |
| Stock Repurchases | — | — | — |
| Net Cash from Financing Activities | $-682.8M | $-637.9M | $-866.6M |
| Net Change in Cash | $43.1M | $-1.1M | $-441.8M |
| Free Cash Flow | $767.9M | $759.0M | $708.7M |