Expedia 2007 Annual Report Download - page 112

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CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2006
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Consolidated
(In thousands)
Operating activities:
Net cash provided by (used in) operating activities . . $ (2,370) $ 580,807 $ 39,003 $ 617,440
Investing activities:
Capital expenditures....................... (34) (83,308) (9,289) (92,631)
Other, net ............................... 2,404 (33,377) 10,104 (20,869)
Net cash provided by (used in) investing activities. . . 2,370 (116,685) 815 (113,500)
Financing activities:
Short-term borrowings, net .................. (230,000) — — (230,000)
Proceeds from issuance of long-term debt, net of
issuance costs .......................... 495,346 — — 495,346
Treasury stock activity ..................... (295,691) — — (295,691)
Other, net ............................... 30,345 449 9,323 40,117
Net cash provided by financing activities . . . ...... — 449 9,323 9,772
Effect of exchange rate changes on cash and cash
equivalents ............................ — 42,446 (300) 42,146
Net increase in cash and cash equivalents ....... — 507,017 48,841 555,858
Cash and cash equivalents at beginning of year . . . . . — 151,523 145,893 297,416
Cash and cash equivalents at end of year........ $ — $658,540 $194,734 $ 853,274
F-46
Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)