ERP OPERATING LTD PARTNERSHIP
Cash Flow Statement
| Line Item | FY2009 | FY2008 | FY2007 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $382.6M | $433.8M | $1.05B |
| Depreciation & Amortization | — | — | — |
| Depreciation | $582.3M | $559.5M | $531.2M |
| Amortization | — | — | — |
| Stock-Based Compensation | $17.8M | $22.3M | $21.6M |
| Net Cash from Operating Activities | $672.5M | $755.3M | $793.2M |
| Investing Activities | |||
| Capital Expenditures | $2.0M | $2.3M | $7.7M |
| Business Acquisitions | — | — | — |
| Net Cash from Investing Activities | $103.6M | $-344.0M | $-200.7M |
| Financing Activities | |||
| Dividends Paid | — | — | — |
| Stock Repurchases | — | — | — |
| Net Cash from Financing Activities | $-1.47B | $428.7M | $-801.9M |
| Net Change in Cash | $-697.5M | $840.0M | $-209.4M |
| Free Cash Flow | $670.4M | $752.9M | $785.5M |