| Cash Flow for Paychex Inc. (PAYX) | | | | After Hours: $ 30.05 |  -0.02 (-0.07%) | Volume: 1.07 k | 4:20 PM EDT Oct 6, 2008 | | | | | | | Cash Flow | in Thousands of Dollars | | | 05/2008 | 05/2007 | 05/2006 | 05/2005 | 05/2004 | | | Net Income | 576,145 | 515,447 | 464,914 | 368,849 | 302,950 | | Depreciation & Amortization | 80,614 | 73,418 | 66,517 | 62,004 | 55,837 | | Deferred Income Taxes | 3,713 | (16,388) | (7,716) | 9,590 | (8,004) | | Operating Losses | (6,450) | (2,129) | (975) | 6,472 | 31,958 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 18,389 | (14,499) | (37,088) | (36,808) | (19,399) | | Decrease in Inventories | - | - | - | - | - | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | 2,715 | (15,427) | 37,740 | 20,371 | 9,798 | | Increase in Other Current Liabilities | - | - | - | 11,148 | (4,720) | | Decrease in Other Working Capital | 7,112 | 5,370 | 6,788 | - | - | | Other Non-Cash Items | 28,478 | 66,238 | 13,760 | - | - | | Net Cash from Continuing Operations | 724,669 | 631,227 | 569,233 | 467,857 | 390,086 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 724,669 | 631,227 | 569,233 | 467,857 | 390,086 | | | | Sale of Property, Plant, Equipment | 716 | 116 | 42 | 3,506 | 7 | | Sale of Short Term Investments | 81,568,872 | 108,929,040 | 90,227,664 | 2,886,796 | 1,209,887 | | | Purchase of Property, Plant, Equipment | (82,289) | (79,020) | (81,143) | (70,686) | (50,562) | | Acquisitions | (32,940) | (3,100) | (726) | (444) | (13,213) | | Purchase of Short Term Investments | (80,501,600) | (109,642,480) | (91,072,440) | (3,230,532) | (1,237,008) | | Other Investment Changes, Net | (19,599) | 354,551 | 616,560 | 188,905 | (438) | | Cash from Investing Activities | 933,165 | (440,900) | (310,050) | (222,455) | (91,327) | | | Issuance of Debt | - | - | - | - | - | | Issuance of Capital Stock | 58,778 | 43,198 | 32,125 | 9,026 | 18,270 | | | Repayment of Debt | (198,649) | - | - | - | - | | Repurchase of Capital Stock | (999,999) | - | - | - | - | | Payment of Cash Dividends | (442,146) | (301,313) | (231,554) | (192,976) | (177,408) | | Other Financing Charges, Net | 9,066 | 9,718 | - | - | - | | Cash from Financing Activities | (1,572,950) | (248,397) | (199,429) | (183,950) | (159,138) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | 84,884 | (58,070) | 59,754 | 61,452 | 139,621 | | | Cash at Beginning of Year | 79,353 | 137,423 | 77,669 | 219,492 | 79,871 | | Cash at End of Period | 164,237 | 79,353 | 137,423 | 280,944 | 219,492 | | | |
