GLOBECOMM SYSTEMS INC (GCOM) [Rocket]

In millions, except per share items	Sep-30-13	Jun-30-13	Mar-31-13	Dec-31-12	Sep-30-12	Jun-30-12	Mar-31-12	Dec-31-11
	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Net income	12.7	15.2	17.8	16.5	21.9	28.6	23.6	23.7
Depreciation and amortization	12.3	12.1	12.0	12.2	12.4	12.6	12.3	11.6
Stock-based compensation	3.8	3.9	3.7	3.6	3.5	3.5	3.8	3.7
Tax benefit from stock-based compensation		3.8				3.6
Deferred taxes	1.7	3.1	4.3	5.0	5.1	5.2	7.9	6.7
Change in working capital [+]	5.6	1.5	-3.2	8.9	6.7	4.6	0.5	-12.3
Accounts receivable	9.2	0.7	-4.8	12.1	-7.8	-2.8	-2.9	-13.1
Inventories	10.5	13.5	13.2	13.1	21.2	11.5	8.6	-2.3
Other current assets	-2.0	-0.7	0.3	0.6	0.6	1.5	-0.1	-2.1
Accounts payable	-13.0	-12.3	-7.9	-6.0	1.1	4.4	9.6	2.5
Deferred revenues	3.4	3.0	1.6	-5.5	-4.2	-5.6	-9.3	4.3
Other	-2.5	-2.7	-5.5	-5.4	-4.3	-4.3	-5.4	-1.5
Other operating activities	-1.3	-3.7	-6.0	-1.5	-4.1	-9.8	-2.6	-5.7
Cash from operations	38.8	35.9	32.1	48.3	49.1	48.2	45.4	27.8

Capital expenditures	-11.0	-11.8	-14.6	-15.6	-15.9	-14.8	-12.4	-9.2
Purchases of property and equipment	-11.0	-11.8	-14.6	-15.6	-15.9	-14.8	-12.4	-9.2
Acquisitions	-3.8
Other cash from investing					-4.7
Cash from investing	-14.8	-16.5	-19.3	-20.3	-20.6	-19.3	-35.4	-32.2

Option exercises	1.3	1.1	1.0	1.8	2.0	2.3	2.8	3.0
Other cash from financing	-1.5	-3.2	-3.9	-3.2	-2.9	-2.4	16.9	17.7
Cash from financing	-2.9	-4.2	-5.0	-5.0	-4.9	-4.7	14.1	14.8

Free cash flow	27.8	24.1	17.5	32.7	33.1	33.4	33.1	18.7
Per share (diluted)	$1.20	$1.05	$0.76	$1.43	$1.46	$1.47	$1.47	$0.84

Cash paid for interest	0.7	0.7	0.8	0.9	1.0	1.1	1.1	0.9