WEX Inc.
Cash Flow Statement
| Line Item | FY2009 | FY2008 |
|---|---|---|
| Operating Activities | ||
| Net Income | $139.7M | $127.6M |
| Depreciation & Amortization | $22.6M | $20.6M |
| Depreciation | — | — |
| Amortization | $5.1M | — |
| Stock-Based Compensation | $5.7M | $5.2M |
| Net Cash from Operating Activities | $-33.2M | $339.2M |
| Investing Activities | ||
| Capital Expenditures | $17.8M | $16.1M |
| Business Acquisitions | — | $41.6M |
| Net Cash from Investing Activities | $-15.8M | $-60.8M |
| Financing Activities | ||
| Dividends Paid | — | — |
| Stock Repurchases | $6.3M | $39.0M |
| Net Cash from Financing Activities | $-94.9M | $-138.2M |
| Net Change in Cash | $-143.8M | $140.1M |
| Free Cash Flow | $-51.0M | $323.1M |