STRATEGY INC
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $18.2M | $92.2M | $105.9M | $5.0M | $83.3M | $20.5M | $17.9M | $43.8M |
| Depreciation & Amortization | $15.5M | $19.9M | $21.2M | $25.3M | $26.4M | $22.5M | $17.3M | $6.2M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $14.3M | $11.8M | $17.3M | $11.8M | $2.1M | $0 | $0 | — |
| Net Cash from Operating Activities | $78.3M | $110.6M | $149.7M | $14.6M | $29.9M | $49.9M | $60.8M | $75.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.0M | $2.3M | $3.5M | $12.4M | $11.0M | $29.6M | $36.7M | $16.3M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-69.7M | $4.3M | $-7.7M | $-82.1M | $-54.9M | $-35.8M | $-36.2M | $-17.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | $0 | — | — | — | $0 | $0 | $109.0M |
| Net Cash from Financing Activities | $1.7M | $-1.0M | $9.2M | $-1.5M | $21.6M | $9.8M | $2.5M | $-107.1M |
| Net Change in Cash | $18.5M | $109.6M | $145.4M | $-73.3M | $-4.2M | $24.8M | $25.5M | $-50.7M |
| Free Cash Flow | $74.3M | $108.3M | $146.2M | $2.2M | $18.9M | $20.3M | $24.1M | $59.5M |