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The following is an excerpt from a 10-Q SEC Filing, filed by ALTIRIS INC on 11/9/2004.
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ALTIRIS INC - 10-Q - 20041109 - CASH_FLOW

ALTIRIS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows

(Unaudited)

 

    

Nine Months Ended

September 30,


 
     2004

    2003

 

Cash flows from operating activities:

                

Net income

   $ 10,176,000     $ 9,630,000  

Adjustments to reconcile net income to net cash provided by operating activities:

                

Depreciation and amortization

     7,602,000       1,981,000  

Stock-based compensation

     456,000       985,000  

Provision for doubtful accounts and other allowances

     2,486,000       1,179,000  

Reduction of income taxes payable as a result of stock option exercises

     7,340,000       —    

Deferred income taxes

     (1,275,000 )     —    

Gain on sale of available-for-sale securities

     (7,000 )     —    

Changes in operating assets and liabilities, net of acquisitions:

                

Accounts receivable

     (10,993,000 )     (8,342,000 )

Prepaid expenses and other current assets

     (155,000 )     (935,000 )

Other assets

     (5,000 )     (11,000 )

Accounts payable

     (244,000 )     420,000  

Accrued salaries and benefits

     2,111,000       97,000  

Other accrued expenses

     2,385,000       (330,000 )

Deferred revenue

     12,736,000       6,707,000  
    


 


Net cash provided by operating activities

     32,613,000       11,381,000  
    


 


Cash flows from investing activities:

                

Purchase of property and equipment

     (1,834,000 )     (903,000 )

Purchase of available-for-sale securities

     (39,056,000 )     (37,170,000 )

Disposition of available-for-sale securities

     72,861,000       25,798,000  

Cash paid for asset acquisitions, net of cash received of $55,000

     (2,904,000 )     —    
    


 


Net cash provided by (used in) investing activities

     29,067,000       (12,275,000 )
    


 


Cash flows from financing activities:

                

Principal payments on notes payable

     —         (144,000 )

Principal payments under capital lease obligations

     (936,000 )     (738,000 )

Net proceeds from the issuance of common shares

     5,250,000       69,433,000  
    


 


Net cash provided by financing activities

     4,314,000       68,551,000  
    


 


Net increase in cash and cash equivalents

     65,994,000       67,657,000  

Effect of foreign exchange rates on cash and cash equivalents

     247,000       (449,000 )

Cash and cash equivalents, beginning of period

     61,581,000       46,674,000  
    


 


Cash and cash equivalents, end of period

   $ 127,822,000     $ 113,882,000  
    


 


Supplemental disclosure of cash flow information:

                

Cash paid for interest

   $ 186,000     $ 201,000  

Cash paid for income taxes

   $ 576,000     $ 159,000  

Supplemental disclosure of non-cash investing and financing activities:

                

Equipment acquired under capital lease arrangements

   $ 1,031,000     $ 749,000  

Issuance of common shares in connection with asset acquisition:

                

Assets acquired

   $ 6,948,000     $ —    

Liabilities assumed

   $ 2,310,000     $ —    

Settlement of obligation between the parties

   $ 204,000     $ —    

Value of common shares issued

   $ 1,530,000     $ —    

Unrealized gain (loss) on available-for-sale securities

   $ (84,000 )   $ 51,000  
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