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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Statement of cash flows for the year ended December 31, 2012:
93
IAC
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries
IAC Consolidated
(In thousands)
Net cash (used in) provided by operating activities attributable to
continuing operations
$
(116,353
)
$
453,692
$
17,188
$
354,527
Cash flows from investing activities attributable to continuing
operations:
Acquisitions, net of cash acquired
(35,159
)
(331,182
)
(33,913
)
(400,254
)
Capital expenditures
(3,969
)
(29,550
)
(17,682
)
(51,201
)
Proceeds from maturities and sales of marketable debt securities
195,501
—
—
195,501
Purchases of marketable debt securities
(53,952
)
—
—
(
53,952
)
Proceeds from sales of long-term investments and a business
14,194
272
150
14,616
Purchases of long-term investments
(27,187
)
(724
)
(8,183
)
(36,094
)
Other, net
(351
)
(155
)
(9,417
)
(9,923
)
Net cash provided by (used in) investing activities attributable to
continuing operations
89,077
(361,339
)
(69,045
)
(341,307
)
Cash flows from financing activities attributable to continuing
operations:
Proceeds from issuance of long-term debt
500,000
—
—
500,000
Purchase of treasury stock
(691,830
)
—
—
(
691,830
)
Dividends
(68,163
)
—
—
(
68,163
)
Issuance of common stock, net of withholding taxes
262,841
—
—
262,841
Excess tax benefits from stock-based awards
52,209
4,892
—
57,101
Purchase of noncontrolling interests
(1,936
)
—
(
2,955
)
(4,891
)
Acquisition-related contingent consideration payments
—
(
10,781
)
—
(
10,781
)
Debt issuance costs
(11,001
)
—
—
(
11,001
)
Intercompany
(55,020
)
(86,446
)
141,466
—
Other, net
—
—
244
244
Net cash (used in) provided by financing activities attributable to
continuing operations
(12,900
)
(92,335
)
138,755
33,520
Total cash (used in) provided by continuing operations
(40,176
)
18
86,898
46,740
Total cash (used in) provided by discontinued operations
(3,971
)
—
499
(3,472
)
Effect of exchange rate changes on cash and cash equivalents
—
(
18
)
2,574
2,556
Net (decrease) increase in cash and cash equivalents
(44,147
)
—
89,971
45,824
Cash and cash equivalents at beginning of period
545,222
—
158,931
704,153
Cash and cash equivalents at end of period
$
501,075
$
—
$
248,902
$
749,977