FY04 Balance Sheet/Cash Flow
Conservative balance sheet - $393M cash and marketable secs. - $ 59M total debt - $614M shareholder equity
Spent $202M on stock buy-back and $72M for acquisitions.
*DSO 74 days – up 1 day from year-ago qtr.
Record cash flow - $234M cash flow from operations
- 1.5M shares remaining under prior authorization
- Additional Board authorized 6M shares through 12/05
Note: Shares reflect the two-for-one stock split (effected in the form of
of a stock dividend) to be paid on July 30, 2004.