Q1 FY05 Balance Sheet / Cash Flow
Conservative balance sheet - $364M cash and marketable secs. - $ 61M total debt - $625M shareholder equity
Spent $61M on stock buy-back and $9M for capital expenditures in the quarter.
*DSO 85 days – up 9 days from year-ago qtr.
Strong cash flow - $41M cash flow from operations
- 6M share repurchase program (complete)
- Board authorization to repurchase another 6M shares through December 31, 2005