Digital River 2002 Annual Report Download - page 52

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46
D IGIT A L RI V ER , I NC .
C onsolidate d Sta te me nts of C as h Flow s For the Ye ars Ende d De c embe r 31,
(in thous ands)
2002 2001 2000
O PERA TIN G A CTIV ITIES:
N et loss .......................................................................................... $ (51
0
) $ (19,22
2
)
$
(38,11
6
)
A djus tme nts to rec onc ile net loss to net ca sh provide d by
(us ed in) ope ra ting a ctivities :
G oodw ill a nd other inta ngibles amortiz ation a nd ea rn-out
c ha rge s .................................................................................. 5,738 17,009 13,354
D epre c ia tion and a mortiza tion ............................................... 6,009 4,627 3,178
D eferred c ompens ation e xpe ns e ............................................ 37 157 443
Litiga tion and other charges ................................................... 1,675 — —
C ha nge in ope ra ting a ss ets a nd liabilitie s:
A cc ounts re ce iva ble............................................................ (1,942) (2,817) (2,448)
Pre pa id and othe r as s ets...................................................... (432) (23
9
) (24
3
)
A cc ounts pa ya ble ................................................................ 8,025 2,916 3,319
D eferred re ve nue ................................................................. 759 (72
7
) 1,681
A cc rue d pa yroll and other ac crued liabilities .................. (1,776) (1,157) 1,820
N et c a sh provide d by (use d in) opera ting ac tivitie s .... 17,583 547 (17,01
2
)
INV ESTIN G A CTIV ITIES:
Purcha se s of inves tme nts............................................................. — (13,00
0
) (12,03
4
)
Sales and maturities of inve stments ........................................... 9,978 17,999 36,416
C as h paid for a c quis itions , ne t of c as h rec eived ...................... (5,383) (1,460) (45)
Purcha se s of equipme nt............................................................... (5,236) (5,890) (9,380)
Patent a cquis ition c osts................................................................ — (
7
)(26)
N et c a sh provide d by (use d in) inve s ting ac tivitie s .... (641) (2,358) 14,931
FIN AN C IN G A CTIV ITIES:
N et proc ee ds from sa les of c ommon s toc k ............................... 380 541 292
Exe rc ise of s toc k options and w arra nts ..................................... 4,302 6,294 3,589
R epurc ha se of c ommon stoc k..................................................... — (26
7
) —
R epayment of notes pa ya ble ....................................................... (2,500) — —
N et c a sh provide d by fina ncing ac tivitie s .................... 2,182 6,568 3,881
N ET IN CR EA SE (D ECR EA SE) IN C ASH A ND CA SH
EQU IV A LENTS.......................................................................... 19,124 4,757 1,800
C ASH A ND C A SH EQ UIVA LEN TS, beginning of period ...... 21,677 16,920 15,120
C ASH A ND C A SH EQ UIVA LEN TS, e nd of pe riod ................. $ 40,801 $ 21,67
7
$
16,920
N ON CA SH IN V ESTIN G AN D FIN A NC IN G A CTIVITIES:
C ommon s toc k is s ue d in ac quisitions and e arn-outs............... $ 2,555 $ 14,37
9
$
9,093
Iss ua nce of note paya ble in ac quisition..................................... — 2,500 —
The a c compa nying note s are a n integral pa rt of the s e consolidated fina ncial state me nts .