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The Advisory Board Company Reports Fiscal Year 2009 Second Quarter Results
Date:11/5/2008

m issuance of common stock under

employee stock purchase plan 210 226

Excess tax benefits from stock-based awards 291 3,140

Purchases of treasury stock (43,307) (29,798)

Net cash flows used in financing activities (42,775) (17,064)

Net (decrease) increase in cash and cash

equivalents (3,896) 3,977

Cash and cash equivalents, beginning of period 17,907 13,195

Cash and cash equivalents, end of period $14,011 $17,172


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SOURCE The Advisory Board Company
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