United Bankshares, Inc.
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $67.3M | $87.0M |
| Depreciation & Amortization | $6.8M | $6.7M |
| Depreciation | $5.8M | — |
| Amortization | $2.6M | — |
| Stock-Based Compensation | $484.0K | $547.0K |
| Net Cash from Operating Activities | $53.7M | $113.9M |
| Investing Activities | ||
| Capital Expenditures | $4.9M | $2.4M |
| Business Acquisitions | — | — |
| Net Cash from Investing Activities | $545.2M | $-203.5M |
| Financing Activities | ||
| Dividends Paid | $50.4M | $50.2M |
| Stock Repurchases | $1.2M | $206.0K |
| Net Cash from Financing Activities | $-362.6M | $72.5M |
| Net Change in Cash | $236.2M | $-17.1M |
| Free Cash Flow | $48.7M | $111.5M |