Using the table below, explain the difference between net income and cash flow from operating activities for Techno in 2009 and analyze their cash flows for 2008 and 2009.

Using the table below, explain the difference between net income and cash flow from operating activities for Techno in 2009 and analyze their cash flows for 2008 and 2009.

(in thousands) 2009 2008
Net income $ 316,354 $  242,329
Noncash charges (credits) to income
Depreciation and amortization      68,156       62,591
Deferred taxes      15,394       22,814
$ 399,904 $  327,734
Cash Provided (Used) by Operating Assets and Liabilities:
Receivables   (288,174)      (49,704)
Inventories   (159,419)    (145,554)
Other current assets       (1,470)         3,832
Accounts payable, accrued liabilities       73,684       41,079
Total Cash Provided by Operations    $ 24,525 $  177,387
Investment activities
Additions to plant and equipment    (94,1760)      (93,136)
Other investment activities       14,408      (34,771)
Net investment activities   ($ 79,768) ($ 127,907)
Financing activities
Purchases of treasury stock      (45,854)      (39,267)
Dividends paid      (49,290)      (22,523)
Net changes in short-term borrowing     125,248       45,067
Additions to long-term borrowings     135,249         4,610
Repayments of long-term borrowings    (250,564)
Net financing activities $  165,353 ($ 262,677)
Increase (decrease) in cash $  110,110 ($ 213,197)
Beginning cash balance       78,114     291,311
Ending cash balance $  188,224
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