HANOVER INSURANCE GROUP, INC.
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $197.2M | $20.6M |
| Depreciation & Amortization | $11.8M | $15.1M |
| Depreciation | — | — |
| Amortization | — | — |
| Stock-Based Compensation | $11.7M | $11.6M |
| Net Cash from Operating Activities | $91.6M | $209.5M |
| Investing Activities | ||
| Capital Expenditures | $10.4M | $9.5M |
| Business Acquisitions | $21.8M | — |
| Net Cash from Investing Activities | $-174.2M | $189.2M |
| Financing Activities | ||
| Dividends Paid | $37.5M | $23.0M |
| Stock Repurchases | $148.1M | $58.5M |
| Net Cash from Financing Activities | $-130.2M | $-144.6M |
| Net Change in Cash | $-212.8M | $254.1M |
| Free Cash Flow | $81.2M | $200.0M |