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EXCEL - IDEA: XBRL DOCUMENT - Medical Information Technology, Inc.Financial_Report.xls
10-K - 2012 ANNUAL REPORT - Medical Information Technology, Inc.tenk.htm
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EX-32 - SECTION 1350 CERTIFICATIONS - Medical Information Technology, Inc.ex32.htm
EX-21 - SUBSIDIARIES OF THE COMPANY - Medical Information Technology, Inc.ex21.htm
EX-23 - CONSENT OF ERNST & YOUNG LLP - Medical Information Technology, Inc.ex23.htm
EX-31 - RULE 13A-14(A) CERTIFICATIONS - Medical Information Technology, Inc.ex31.htm
v2.4.0.6
Consolidated Statement of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Net income $ 130,546,536 $ 124,001,302 $ 108,825,304
Depreciation expense 11,810,960 10,740,217 9,880,412
Stock contributions to qualified profit sharing plan 6,750,000 5,160,000 4,800,000
Reversal of prior write-downs (7,615,410) 0 (4,642,893)
(Gain) loss on sales of marketable securities (9,386,721) 0 865
Deferred taxes on unrealized securities gain, net (759,398) 0 0
Change in accounts receivable, net of reserve 8,273,388 (2,591,106) (5,571,458)
Change in accounts payable (189,435) (128,700) 239,281
Change in taxes payable (349,560) 1,497,240 (2,480,471)
Change in accrued expenses 4,071,707 6,609,962 8,677,654
Change in deferred revenues (9,518,187) 1,187,847 5,505,104
Change in deferred taxes and tax reserves 6,207,449 (5,554,176) 3,029,742
Net cash from operating activities 139,841,329 140,922,586 128,263,540
Purchases of marketable securities (74,368,224) (70,824,104) (20,797,646)
Sales of marketable securities 49,669,265   35,283,348
Purchases of fixed assets (26,540,112) (10,644,343) (8,016,749)
Change in other assets 2,079,768 3,448,317 1,218,250
Acquisition of LSS, net of cash acquired   (12,801,142)  
Net cash from (used in) investing activities (49,159,303) (90,821,272) 7,687,203
Sales of common stock 10,485,679 9,407,360 9,018,306
Dividends paid (105,765,806) (97,451,639) (86,412,550)
Net cash used in financing activities (95,280,127) (88,044,279) (77,394,244)
Net change in cash and equivalents (4,598,101) (37,942,965) 58,556,499
Cash and equivalents at beginning of year 59,847,020 97,789,985 39,233,486
Cash and equivalents at end of year 55,248,919 59,847,020 97,789,985
Cash paid for income taxes $ 73,547,193 $ 69,295,676 $ 60,467,824