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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income								9.9
Adjustments to reconcile net income to net cash from operating activities:
Depreciation								8.4
Amortization								1.9
Deferred income taxes								0.8
Equity-based compensation								3.8
Changes in operating assets and liabilities:
Receivables								-0.3
Inventories								-1.9
Prepaid expenses and other assets								-0.3
Accounts payable								-3.1
Accrued expenses								-1.8
Customer advance payments								1.3
Other liabilities								0.4
Pension and postretirement benefit obligation								-0.5
Net cash provided by operating activities								18.6

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures								-7.2
Maturities and sales of held to maturity securities								6.8
Net cash provided by investing activities								-10.2

CASH FLOWS FROM FINANCING ACTIVITIES:
Stock options exercised								4.4
Excess tax benefit								0.7
Purchase of treasury stock								-11.2
Net cash provided by (used in) financing activities								-36.1
Effect of exchange rates on cash								0.4
Net increase in cash and cash equivalents								-27.3
Cash and cash equivalents, end of period								23.2

Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest								0.3
Income tax payments, net								2.8