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The Advisory Board Company Reports Results For Quarter Ended 12/31/09
Date:2/4/2010

d incentive compensation 1,976 (761) Other long-term liabilities (478) 2,313 ---- ----- Net cash flows provided by operating activities 27,483 30,107 ------ ------ Cash flows from investing activities: Purchases of property and equipment (939) (12,633) Capitalized software development costs (496) (728) Cash paid for acquisition, net of cash acquired (11,100) (18,592) Cash in Escrow (2,500) - Redemption of marketable securities 20,350 78,054 Purchases of marketable securities (9,965) (13,079) Other investing activities (5,000) - ------ --- Net cash flows (used in) provided by investing activities (9,650) 33,022 ------ ------ Cash flows from financing activities: Proceeds on issuance of stock from exercise of stock options 214 421 Repurchase of shares to satisfy minimum employee tax withholding (2) (390) Proceeds on issuance of stock under employee stock purchase plan 109 282 Excess tax benefits from share-based compensation arrangements - 291 Purchases of treasury stock (2,999) (56,491)
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