Computer Associates 2009 Annual Report Download - page 75

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CA, Inc. and Subsidiaries
Consolidated Statements of Cash Flows
(IN MILLIONS) 2009 2008 2007
YEAR ENDED MARCH 31,
OPERATING ACTIVITIES:
Net income $ 694 $ 500 $ 118
Loss from discontinued operations, net of income taxes ——3
Income from continuing operations 694 500 121
Adjustments to reconcile income from continuing operations to net cash provided
by continuing operating activities:
Depreciation and amortization 274 273 502
Provision for deferred income taxes (42) (4) (217)
Provision for bad debts 15 23 4
Non-cash stock based compensation expense and defined contribution plan 116 122 116
Non-cash charge for purchased in-process research and development ——10
(Gains) losses on sale and disposal of assets and repayment of debt, net (3) 12 (18)
Charge for impairment of assets 5616
Foreign currency transaction losses (gains) — before taxes 67 (28) —
Changes in other operating assets and liabilities, net of effect of acquisitions:
Decrease in trade and current installment accounts receivable, net 44 71 195
Decrease in noncurrent installment accounts receivable, net 155 40 79
(Decrease) increase in deferred revenue (billed or collected) — current and noncurrent (49) 258 294
Increase (decrease) in taxes payable, net 35 (82) (93)
Decrease in accounts payable, accrued expenses and other (99) (95) (12)
(Decrease) increase in accrued salaries, wages, and commissions (29) 26 (14)
Restructuring and other, net (13) 12 77
Changes in other operating assets and liabilities 42 (31) 8
Net Cash Provided by Continuing Operating Activities 1,212 1,103 1,068
Investing Activities:
Acquisitions, primarily goodwill, purchased software, and other intangible assets, net of cash acquired (76) (27) (212)
Settlements of purchase accounting liabilities (7) (7) (21)
Purchases of property and equipment (83) (117) (150)
Proceeds from sale and divesture of assets 619 22
Proceeds from sale-lease back transactions —27 201
Capitalized software development costs (129) (112) (85)
Other investing activities 5(2) 43
Net Cash Used in Investing Activities (284) (219) (202)
See accompanying Notes to the Consolidated Financial Statements.
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