iHeartMedia 2000 Annual Report Download - page 57

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57
Year Ended December 31,
2000 1999 1998
CASH FLOWS FROM
INVESTING ACTIVITIES:
(Investment) in liquidation of restricted cash (183,896) 78,651
Cash acquired in stock-for-stock mergers 311,861
(Increase) decrease in notes receivable, net (15,807) (18,302)
Decrease (increase) in investments in, and
advances to nonconsolidated affiliates - net (8,044) (36,647) (91,527)
Purchases of investments (55,275) (174,698) (44,931)
Proceeds from sale of investments 61,277 29,659 56,408
Purchases of property, plant and equipment (495,551) (238,738) (141,938)
Proceeds from disposal of assets 392,729 12,203 7,977
Proceeds from divestitures placed in restricted cash 839,717 205,800
Acquisition of radio broadcasting assets (113,094) (209,185) (209,327)
Acquisition of radio broadcasting assets
with restricted cash (670,228) (246,228)
Acquisition of outdoor advertising assets (1,684,506) (854,135) (1,102,668)
Acquisition of live entertainment assets (86,596)
Decrease (increase) in other - net (48,241) (40,852) (58,010)
Net cash used in investing activities (1,755,654) (1,474,170) (1,602,318)
CASH FLOWS FROM
FINANCING ACTIVITIES:
Draws on credit facilities 7,904,488 2,414,480 1,953,076
Payments on credit facilities (7,199,185) (3,085,486) (2,195,365)
Proceeds from long-term debt 3,128,386 1,005,830 882,592
Payments on long-term debt (2,757,223) (9,023) (631,516)
Proceeds from exercise of stock options, stock
purchase plan and common stock warrants 48,962 36,273 44,965
Payments for purchase of treasury shares (4,745)
Proceeds from issuance of common stock — 512,916 1,281,418
Net cash provided by financing activities 1,120,683 874,990 1,335,170
Net increase in cash and cash equivalents 120,114 40,226 11,841
Cash and cash equivalents at beginning of year 76,724 36,498 24,657
Cash and cash equivalents at end of year $ 196,838 $ 76,724 $ 36,498
SUPPLEMENTAL DISCLOSURE
OF CASH FLOW INFORMATION
Cash paid during the year for:
Interest $ 358,504 $ 201,127 $ 130,049
Income taxes 96,643 58,005 10,856
See Notes to Consolidated Financial Statements