ANAREN INC (ANEN) [Rocket]

In millions, except per share items	Dec-31-13	Sep-30-13	Jun-30-13	Mar-31-13	Dec-31-12	Sep-30-12	Jun-30-12	Mar-31-12
	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q
Net income	2.8	3.0		5.3	3.5	2.9		2.0
Depreciation and amortization [+]	2.0	2.0	2.0		2.2	2.3	2.5	2.5
Depreciation	1.8	1.8	1.7		1.9	1.9	2.1	2.0
Amortization of intangible assets	0.2	0.3	0.3		0.3	0.4	0.5	0.5
Stock-based compensation	0.9	0.9	0.8		1.0	1.1	1.0	0.9
Deferred taxes	-0.2	0.6	-0.6		0.6	0.1	1.0	-0.2
Change in working capital [+]	3.6	-3.0	4.0		-2.4	-4.1	1.8	-3.7
Accounts receivable	0.2	0.3	-1.4		1.1	-3.9	-0.7	-1.4
Inventories	-0.9	-1.3	2.7		-1.3	-0.4	1.7	-1.1
Other current assets	0.5	0.0			-1.4	0.4		0.6
Accounts payable	3.6	-0.7	0.5		-1.1	-1.0	2.2	-2.6
Accrued expenses	0.5	-1.6			-0.4	0.7		1.0
Other	-0.4	0.2			0.7	0.1		-0.1
Other operating activities	-1.1	0.0			0.0	-0.1		0.8
Cash from operations	7.9	3.5	10.9	5.3	4.9	2.1	10.4	2.3

Capital expenditures [+]	-1.3	-2.5	-1.5	0.0	-0.9	-1.3	-2.1	-1.4
Purchases of property and equipment	-1.3	-2.5	-1.5		-0.9	-1.3	-2.1	-1.4
Sales of property and equipment	0.6				5.0	0.2
Acquisitions		-0.4
Sales of short-term investments	-1,320,990.8	-2,485,000.0			-874,990.9	-1,309,000.0		-1,358,996.5
Sales of short-term investments	9.2				9.1			3.5
Other cash from investing	-1.9	1.9			-5.4	5.4		-4.1
Cash from investing	6.5	-0.9	0.1	0.0	7.8	4.3	-2.4	-2.0

Repurchase of common stock, net	-1.2	-1.5			-11.2	-8.9	-17.0	-1.1
Option exercises	2.4	0.4			0.1	1.4		0.0
Other cash from financing	5.0	1.1			0.3	11.2		0.1
Cash from financing	1.4	-0.8	1.3	0.0	-11.0	0.9	-16.9	-1.1

Free cash flow	6.5	1.0	9.4	5.3	4.0	0.8	8.3	1.0
Per share (diluted)	$0.49	$0.08		$0.41	$0.30	$0.06		$0.07

Cash paid for interest		0.0			0.1	0.0		0.0
Cash paid for income taxes	1.4	0.4			2.5			0.0