 |
|
|
 |
|
 |
 |
|
 |
|
 |
|
| |
|
|
|
|
|
|
| Operations |
|
|
|
|
|
|
| |
Net income |
$ |
7,785 |
|
$ |
9,421 |
|
$ |
7,346 |
|
| |
Cumulative effect of accounting change, net of tax |
– |
|
– |
|
375 |
|
| |
Depreciation, amortization, and other noncash items |
926 |
|
1,250 |
|
1,536 |
|
| |
Net recognized (gains)/losses on investments |
(803 |
) |
(1,732 |
) |
2,221 |
|
| |
Stock option income tax benefits |
3,107 |
|
5,535 |
|
2,066 |
|
| |
Deferred income taxes |
(650 |
) |
(425 |
) |
(420 |
) |
| |
Unearned revenue |
5,877 |
|
6,177 |
|
6,970 |
|
| |
Recognition of unearned revenue |
(4,526 |
) |
(5,600 |
) |
(6,369 |
) |
| |
Accounts receivable |
(687 |
) |
(944 |
) |
(418 |
) |
| |
Other current assets |
(235 |
) |
(775 |
) |
(482 |
) |
| |
Other long-term assets |
(117 |
) |
(864 |
) |
(330 |
) |
| |
Other current liabilities |
1,469 |
|
(617 |
) |
927 |
|
|
| |
|
Net cash from operations |
12,146 |
|
11,426 |
|
13,422 |
|
|
| |
|
|
|
|
|
|
| Financing |
|
|
|
|
|
|
| |
Common stock issued |
1,350 |
|
2,245 |
|
1,620 |
|
| |
Common stock repurchased |
(2,950 |
) |
(4,896 |
) |
(6,074 |
) |
| |
Sales/(repurchases) of put warrants |
766 |
|
472 |
|
(1,367 |
) |
| |
Preferred stock dividends |
(28 |
) |
(13 |
) |
– |
|
| |
Other, net |
– |
|
– |
|
235 |
|
|
| |
|
Net cash used for financing |
(862 |
) |
(2,192 |
) |
(5,586 |
) |
|
| |
|
|
|
|
|
|
| Investing |
|
|
|
|
|
|
| |
Additions to property and equipment |
(583 |
) |
(879 |
) |
(1,103 |
) |
| |
Purchases of investments |
(34,686 |
) |
(42,290 |
) |
(66,346 |
) |
| |
Maturities of investments |
4,063 |
|
4,025 |
|
5,867 |
|
| |
Sales of investments |
21,006 |
|
29,752 |
|
52,848 |
|
|
| |
|
Net cash used for investing |
(10,200 |
) |
(9,392 |
) |
(8,734 |
) |
|
| Net change in cash and equivalents |
1,084 |
|
(158 |
) |
(898 |
) |
| Effect of exchange rates on cash and equivalents |
52 |
|
29 |
|
(26 |
) |
| Cash and equivalents, beginning of year |
3,839 |
|
4,975 |
|
4,846 |
|
|
| Cash and equivalents, end of year |
$ |
4,975 |
|
$ |
4,846 |
|
$ |
3,922 |
|
|
See accompanying notes.
|
|
|
