Expedia 2007 Annual Report Download - page 113

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CONDENSED COMBINING STATEMENT OF CASH FLOWS
Year Ended December 31, 2005
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Consolidated
(In thousands)
Operating activities:
Net cash provided by operating activities . . . ...... $ 3,096 $ 849,057 $ 7,034 $ 859,187
Investing activities:
Acquisitions, net of cash acquired ............. — (118,915) 129,462 10,547
Transfers to IAC/InterActiveCorp, net .......... — (757,206) — (757,206)
Other, net ............................... (3,096) (40,118) (11,470) (54,684)
Net cash provided by (used in) investing activities. . . (3,096) (916,239) 117,992 (801,343)
Financing activities:
Short-term borrowings, net .................. 230,000 — — 230,000
Transfers (to) from related parties ............. (172,504) 172,504 — —
Withholding taxes for stock option exercises ..... (86,556) — — (86,556)
Distribution to IAC/InterActiveCorp, net . . ...... — (52,844) — (52,844)
Other, net ............................... 29,060 (8,906) (4,247) 15,907
Net cash provided by (used in) financing activities . . — 110,754 (4,247) 106,507
Effect of exchange rate changes on cash and cash
equivalents ............................ — (26) (8,577) (8,603)
Net increase in cash and cash equivalents ....... — 43,546 112,202 155,748
Cash and cash equivalents at beginning of year . . . . . — 107,977 33,691 141,668
Cash and cash equivalents at end of year........ $ — $151,523 $145,893 $ 297,416
F-47
Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)