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Table of Contents
UNITED ONLINE, INC.
PARENT COMPANY STATEMENTS OF CASH FLOWS
(in thousands)
The accompanying notes are an integral part of these financial statements.
F-50
Year Ended December 31,
2009 2008 2007
Net cash provided by operating activities
$
1,674
$
2,854
$
4,846
Cash flows from investing activities:
Purchases of short
-
term investments
—
(
108,499
)
(228,920
)
Proceeds from maturities of short
-
term investments
—
78,265
72,890
Proceeds from sales of short
-
term investments
—
98,907
229,994
Cash paid for acquisitions, net of cash acquired
—
(
307,141
)
—
Net cash provided by (used for) investing activities
—
(
238,468
)
73,964
Cash flows from financing activities:
Proceeds from term loan
—
58,318
—
Payments on term loan
(31,431
)
(3,750
)
—
Payments for debt issue costs
—
(
249
)
—
Proceeds from exercises of stock options
546
1,668
8,605
Proceeds from employee stock purchase plan
4,069
3,754
5,413
Repurchases of common stock
(6,842
)
(8,841
)
(5,601
)
Payments for dividends
(36,257
)
(53,060
)
(57,130
)
Net contributions of capital
67,326
163,935
88,025
Net cash provided by (used for) financing activities
(2,589
)
161,775
39,312
Change in cash and cash equivalents
(915
)
(73,839
)
118,122
Cash and cash equivalents, beginning of period
59,736
133,575
15,453
Cash and cash equivalents, end of period
$
58,821
$
59,736
$
133,575