ORBITAL SCIENCES CORPORATION
Condensed Consolidated Statements of Cash Flows
(in thousands)
|
| |
September 30, 2009
Third Quarter |
September 30, 2009
Nine Months
|
| |
|
|
Net income |
$ 9,382 |
$ 27,323 |
Investment impairment charge |
2,000 |
3,300 |
Depreciation |
4,439 |
14,071 |
Deferred income taxes |
794 |
7,462 |
Changes in assets and liabilities |
16,685 |
18,779 |
Other |
1,596 |
8,278 |
Net cash provided by operating activities |
34,896 |
79,213 |
Capital expenditures |
(10,470) |
(28,827) |
Sale of investment |
- |
1,138 |
Other |
(84) |
100 |
Net cash used in investing activities |
(10,554) |
(27,589) |
Repurchase of common stock |
- |
(16,681) |
Net proceeds from issuance of common stock |
768 |
2,030 |
Other |
(1,213) |
(1,096) |
Net cash used in financing activities |
(445) |
(15,747) |
Net increase in cash |
23,897 |
35,877 |
Cash, beginning of period |
340,287 |
328,307 |
Cash, end of period |
$ 364,184 |
$ 364,184 |
|
