Read the following texts and table with financial data from an S&P 500 earnings report carefully.Based on the question-answer history (if provided), answer the last question. The answer may require mathematical calculation based on the data provided.


l iquidity and capital resources we have historically generated positive cash flow from operations and have generally used funds generated from operations and short-term borrowings on our revolving credit facility to meet capital requirements . we expect this trend to continue in the future . the company's cash and cash equivalents decreased to $ 65565 at june 30 , 2008 from $ 88617 at june 30 , 2007 . the following table summarizes net cash from operating activities in the statement of cash flows : year ended june 30 cash provided by operations increased $ 6754 to $ 181001 for the fiscal year ended june 30 , 2008 as compared to $ 174247 for the fiscal year ended june 30 , 2007 . this increase is primarily attributable to an increase in expenses that do not have a corresponding cash outflow , such as depreciation and amortization , as a percentage of total net income . cash used in investing activities for the fiscal year ended june 2008 was $ 102148 and includes payments for acquisitions of $ 48109 , plus $ 1215 in contingent consideration paid on prior years 2019 acquisitions . during fiscal 2007 , payments for acquisitions totaled $ 34006 , plus $ 5301 paid on earn-outs and other acquisition adjustments . capital expenditures for fiscal 2008 were $ 31105 compared to $ 34202 for fiscal 2007 . cash used for software development in fiscal 2008 was $ 23736 compared to $ 20743 during the prior year . net cash used in financing activities for the current fiscal year was $ 101905 and includes the repurchase of 4200 shares of our common stock for $ 100996 , the payment of dividends of $ 24683 and $ 429 net repayment on our revolving credit facilities . cash used in financing activities was partially offset by proceeds of $ 20394 from the exercise of stock options and the sale of common stock and $ 3809 excess tax benefits from stock option exercises . during fiscal 2007 , net cash used in financing activities included the repurchase of our common stock for $ 98413 and the payment of dividends of $ 21685 . as in the current year , cash used in fiscal 2007 was partially offset by proceeds from the exercise of stock options and the sale of common stock of $ 29212 , $ 4640 excess tax benefits from stock option exercises and $ 19388 net borrowings on revolving credit facilities . at june 30 , 2008 , the company had negative working capital of $ 11418 ; however , the largest component of current liabilities was deferred revenue of $ 212375 . the cash outlay necessary to provide the services related to these deferred revenues is significantly less than this recorded balance . therefore , we do not anticipate any liquidity problems to result from this condition . u.s . financial markets and many of the largest u.s . financial institutions have recently been shaken by negative developments in the home mortgage industry and the mortgage markets , and particularly the markets for subprime mortgage-backed securities . while we believe it is too early to predict what effect , if any , these developments may have , we have not experienced any significant issues with our current collec- tion efforts , and we believe that any future impact to our liquidity would be minimized by our access to available lines of credit . 2008 2007 2006 . <table class='wikitable'><tr><td>1</td><td>2007</td><td>year ended june 30 2008 2007</td><td>year ended june 30 2008 2007</td><td>year ended june 30 2008</td></tr><tr><td>2</td><td>net income</td><td>$ 104222</td><td>$ 104681</td><td>$ 89923</td></tr><tr><td>3</td><td>non-cash expenses</td><td>70420</td><td>56348</td><td>52788</td></tr><tr><td>4</td><td>change in receivables</td><td>-2913 ( 2913 )</td><td>-28853 ( 28853 )</td><td>30413</td></tr><tr><td>5</td><td>change in deferred revenue</td><td>5100</td><td>24576</td><td>10561</td></tr><tr><td>6</td><td>change in other assets and liabilities</td><td>4172</td><td>17495</td><td>-14247 ( 14247 )</td></tr><tr><td>7</td><td>net cash from operating activities</td><td>$ 181001</td><td>$ 174247</td><td>$ 169438</td></tr></table> .
Question: what is net change in cash and cash equivalents from 2007 to 2008?

-23052.0