XM Radio 2015 Annual Report Download - page 99

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(in thousands) 2015 2014 2013
For the Years Ended December 31,
Cash flows from financing activities:
Proceeds from exercise of stock options . . . . . . . . . . . . $ 260 $ 331 $ 21,968
Taxes paid in lieu of shares issued for stock-based
compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (54,539) (37,318) (46,342)
Proceeds from long-term borrowings and revolving
credit facility, net of costs . . . . . . . . . . . . . . . . . . . . . . . . 1,728,571 2,406,205 3,156,063
Payment of premiums on redemption of debt . . . . . . . . — — (175,453)
Repayment of long-term borrowings and revolving
credit facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (797,117) (1,016,420) (1,782,160)
Repayment of related party long-term borrowings . . . . — — (200,000)
Common stock repurchased and retired . . . . . . . . . . . . . (2,018,254) (2,496,799) (1,762,360)
Net cash used in financing activities. . . . (1,141,079) (1,144,001) (788,284)
Net (decrease) increase in cash and cash equivalents . . . (35,886) 12,919 (386,140)
Cash and cash equivalents at beginning of period . . . . . . . 147,724 134,805 520,945
Cash and cash equivalents at end of period . . . . . . . . . . . . . $ 111,838 $ 147,724 $ 134,805
Supplemental Disclosure of Cash and Non-Cash Flow
Information
Cash paid during the period for:
Interest, net of amounts capitalized . . . . . . . . . . . . . . . . . $ 269,925 $ 199,424 $ 169,781
Income taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,384 $ 8,713 $ 2,783
Acquisition related costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $ 2,902
Non-cash investing and financing activities:
Capital lease obligations incurred to acquire assets . . $ 7,487 $ 719 $ 11,966
Conversion of Series B preferred stock to common
stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ — $ — $ 1,293
Treasury stock not yet settled . . . . . . . . . . . . . . . . . . . . . . $ 23,727 $ 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
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)