XM Radio 2014 Annual Report Download - page 114

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(in thousands) 2014 2013 2012
For the Years Ended December 31,
Cash flows from financing activities:
Proceeds from exercise of stock options . . . . . . . . . . . . . . $ 331 $ 21,968 $ 123,369
Taxes paid in lieu of shares issued for stock-based
compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (37,318) (46,342) —
Proceeds from long-term borrowings and revolving
credit facility, net of costs . . . . . . . . . . . . . . . . . . . . . . . . . . 2,406,205 3,156,063 383,641
Payment of premiums on redemption of debt. . . . . . . . . . — (175,453) (100,615)
Repayment of long-term borrowings and revolving
credit facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,016,420) (1,782,160) (915,824)
Repayment of related party long-term borrowings. . . . . . — (200,000) (126,000)
Common stock repurchased and retired. . . . . . . . . . . . . . . (2,496,799) (1,762,360) —
Dividends paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (327,062)
Net cash used in financing activities . . . . . (1,144,001) (788,284) (962,491)
Net increase (decrease) in cash and cash equivalents . . . . . 12,919 (386,140) (253,045)
Cash and cash equivalents at beginning of period . . . . . . . . . 134,805 520,945 773,990
Cash and cash equivalents at end of period. . . . . . . . . . . . . . . $ 147,724 $ 134,805 $ 520,945
Supplemental Disclosure of Cash and Non-Cash Flow
Information
Cash paid during the period for:
Interest, net of amounts capitalized . . . . . . . . . . . . . . . . . . . $ 199,424 $ 169,781 $ 262,039
Income taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,713 $ 2,783 $ 4,935
Acquisition related costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 2,902 $ —
Non-cash investing and financing activities:
Capital lease obligations incurred to acquire assets. . . . $ 719 $ 11,966 $ 12,781
Conversion of Series B preferred stock to common
stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 1,293 $ 1,294
Treasury stock not yet settled . . . . . . . . . . . . . . . . . . . . . . . . $ 26,034 $ — $ —
Conversion of 7% Exchangeable Notes to common
stock, net of debt issuance and deferred financing
costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 502,097 $ 45,097 $ —
Performance incentive payments. . . . . . . . . . . . . . . . . . . . . . $ — $ 16,900 $ —
Goodwill reduced for the exercise and vesting of
certain stock awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ 274 $ 19,491
Purchase price accounting adjustments to goodwill . . . . $ 1,698 $ — $ —
See accompanying notes to the consolidated financial statements.
F-8
SIRIUS XM HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS—(Continued)