The following cash flows were reported by Techno Inc. in 2009 and 2008.

(a) Explain the difference between net income and cash flow from operating activities for Techno in 2009.
(b) Analyze Techno Inc.'s cash flows for 2009 and2008.

2009 (In thousands) Net income Noncash charges (credits) to income 2008 $316,354 $242,329 68,156 Depreciation and amortization Deferred taxes 62,591 15,39422814 $327,734 $399,904 Cash Provided (Used) by Operating Assets and Liabilities Recei vables Inventories Other current assets (288,174)(49,704) (159,419) (145,554) 3,832 73,68441079 $ 24,525 $177.387 (1,470) Accounts payable, accrued liabilities Total Cash Provided by Operations Investment activities Additions to plant and equipment Other investment activities (94,176) (93,136) 14408 (34,771) S 79,768 ($127,907 Net investment activities Financingactivities Purchases of treasury stock Dividends paid Net ch Additions to long-term borrowings Repayments of long-term borrowings (45,854) (39,267) (49,290)(22,523) 45,067 4,610 (250,564) $ 165353 ($262.677 anges in short-term borrowings 125,248 135,249 Net financing activities Increase (decrease) in cash Beginning cash balance Ending cash balance 110,110 ($213,197) 78,114 2,31 $188,224$