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Whole Foods Market reported $39.1 million in net income for the first quarter of 2008. Cash flows from operating activities provided $76.1 million. Cash used in investing activities included $106.5 million for new store development and $59.1 million for other property and equipment. Cash from financing activities included $30 million from long-term borrowings but was reduced by $25.1 million for common dividends paid. As a result, cash and cash equivalents increased by $43.9 million during the quarter.
