Net cash used in investing activities was $48.7 million in the September 2012 quarter compared to $42.7 million in the prior-year quarter, reflecting a $3.5 million increase in capital deployed for gaming operations equipment as we continued to upgrade our installed base with newer gaming cabinets and operating systems, and $4.4 million for higher property, plant and equipment expenditures, primarily related to costs to complete two significant projects during the quarter, all of which were partially offset by a $1.9 million decrease in capital deployed to acquire or license intangible and other non-current assets. With two major property, plant and equipment projects now largely complete and anticipated lower capital investment in gaming operations assets, the Company expects an aggregate 20% decline in annual capital spending on gaming operations equipment and property, plant and equipment in fiscal 2013.Net cash provided by financing activities was $20.6 million compared to $8.2 million in the prior year primarily due to $22.5 million of lower stock repurchase activity compared with the prior-year period, partially offset by $10.0 million of lower net borrowings under the Company’s line of credit.
WMS Reports Fiscal 2013 First Quarter Revenue Of $159 Million And EPS Of $0.17 Per Diluted Share
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