United Parcel Service Inc.
Cash Flow Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $1.97B | $3.00B | $382.0M |
| Depreciation & Amortization | $1.75B | $1.81B | $1.75B |
| Depreciation | — | — | — |
| Amortization | $185.0M | $202.0M | — |
| Stock-Based Compensation | $430.0M | $516.0M | $447.0M |
| Net Cash from Operating Activities | $5.29B | $8.43B | $1.12B |
| Investing Activities | |||
| Capital Expenditures | $1.60B | $2.64B | $2.82B |
| Business Acquisitions | — | — | — |
| Net Cash from Investing Activities | $-1.25B | $-3.18B | $-2.20B |
| Financing Activities | |||
| Dividends Paid | $1.75B | $2.22B | $1.70B |
| Stock Repurchases | $561.0M | $3.57B | $2.64B |
| Net Cash from Financing Activities | $-3.05B | $-6.70B | $2.30B |
| Net Change in Cash | $1.04B | $-1.52B | $1.23B |
| Free Cash Flow | $3.68B | $5.79B | $-1.70B |