acquisitions, or any significant impairment of goodwill or other intangibles; (4) there will be no deconversions of large clients during the year; and (5) the economy will not worsen during 2011. and other liabilities between years is the result of the timing of payments and funding of performance-based incentives. The Consolidated Statements of Cash Flows detail the Company’s cash flows from operating, investing and financing activities. TSYS’ primary methods for funding its operations and growth have been cash generated from current operations, the use of leases and the occasional use of borrowed funds to supplement financing of capital expenditures. TSYS’ main source of funds is derived from operating activities, specifically net income. The decrease in 2010, as compared to 2009, in net cash provided by operating activities was primarily the result of decreased earnings and the net change in current and other assets and current and other liabilities. The increase in 2009, as compared to 2008, in net cash provided by operating activities was primarily the result of the net change in current and other assets and current and other liabilities. Net change in current and other assets and current and other liabilities include accounts receivable, prepaid expenses, other current assets and other assets, accounts payable, accrued sala- ries and employee benefits and other liabilities. The change in accounts receivable between the years is the result of timing of collections compared to billings. The change in accounts payable Expenditures for licensed computer software from vendors were $69.8 million in 2010, compared to $20.1 million in 2009 and $31.5 million in 2008. Capital expenditures for property and equipment were $46.5 million in 2010, compared to $34.0 million in 2009 and $48.0 million in 2008. The majority of capital expenditures in 2010, 2009 and 2008 related to investments in new computer processing hardware. The major uses of cash for investing activities in 2010 were for the purchase of TMS, the purchase of property and equipment and additions to licensed computer software from vendors. The major uses of cash for investing activities in 2009 was for additions to contract acquisition costs, equipment, licensed computer soft- ware from vendors and internally developed software. The major uses of cash for investing activities in 2008 was for the purchase of Infonox, the purchase of property and equipment and additions to licensed computer software from vendors. Cash Flows from Investing Activities Financial Position, Liquidity and Capital Resources Property and Equipment Licensed Computer Software from Vendors 21 (in thousands) 2010 2009 2008 Years Ended December 31, Net income. . . . . . . . . . . . . $205,621 219,176 251,676 Depreciation and amortization. . . . . . . . . . . 163,111 156,471 164,643 Loss on disposal of subsidiary . . . . . . . . . . . . 1,591 5,713 — Other noncash items and charges, net. . . . . . . . . . . 7,745 21,346 6,452 Dividends from equity investments . . . . . . . . . . . 6,572 4,942 6,421 Net change in current and other assets and current and other liabilities. . . . . . 4,520 15,489 (76,357) Net cash provided by operating activities . . . . . . $389,160 423,137 352,835 Cash Flows from Operating Activities (in thousands) 2010 2009 2008 Years Ended December 31, Purchases of property and equipment, net . . . . . . . $ (46,547) (34,017) (47,969) Additions to licensed computer software from vendors . . . . . . . . . . . . (69,826) (20,059) (31,499) Additions to internally developed computer software . . . . . . . . . . . . (25,466) (31,445) (21,777) Proceeds from disposition, net of expenses paid and cash disposed. . . . . 4,265 1,979 — Cash used in acquisitions and equity investments, net of cash acquired . . . (148,531) (294) (50,017) Additions to contract acquisition costs . . . . . . (75,669) (35,596) (41,456) Other................ 68 — (343) Net cash used in investing activities . . . . . . . . . . . . $(361,706) (119,432) (193,061)