iHeartMedia 2009 Annual Report Download - page 158

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153
Pre-mer
g
er Year ended December 31, 2007
(In thousands)
Parent
Company
Subsidiary
Issuer
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
Cash flows from financin
g
activities:
Draws on credit facilities
— 780,138 — 106,772 — 886,910
Payments on credit facilities
— (1,628,400) — (76,614) — (1,705,014)
Proceeds from long-term debt
— — — 22,483 — 22,483
Payments on long-term debt
— (250,000) (26,751) (66,290) — (343,041)
Intercom
p
an
y
fundin
g
—
1,339,415 (1,009,695) (329,720)
—
—
Proceeds from exercise of stock options and
other
— 69,236 1 10,780 — 80,017
Dividends paid
— (372,369) — — — (372,369)
Net cash used in financing activities
— (61,980) (1,036,445) (332,589) — (1,431,014)
Cash flows from discontinued o
p
erations:
Net cash (used in) provided by operating
activities
— — 33,332 500 — 33,832
Net cash provided by investing activities
— — 332,579 — — 332,579
Net cash provided by (used in) financing
activities
— — — — — —
Net cash
p
rovided b
y
discontinued o
p
erations
—
—
365,911 500
—
366,411
Net (decrease) increase in cash and cash
equivalents
— — 5,145 24,003 — 29,148
Cash and cash equivalents at beginning of period
— — (172) 116,172 — 116,000
Cash and cash equivalents at end of period
$ — $ — $ 4,973 $ 140,175 $ — $ 145,148