Digital River 2001 Annual Report Download - page 42

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40
Consolidated Statements of Cash Flows for the Years Ended December 31,
Digital River 2001 Annual Report
2001 2000 1999
OPERATING ACTIVITIES:
Net loss $(19,222) $(38,116) $(27,653)
Adjustments to reconcile net loss to
net cash provided by (used in)operating activities-
Goodwill and other intangibles amortization and earn-out charges 17,009 13,354 6,606
Depreciation and amortization 4,627 3,178 1,552
Deferred compensation expense ,157 ,443 ,841
Change in operating assets and liabilities:
Accounts receivable and prepaid expenses (3,056) (2,691) (1,226)
Accounts payable 2,916 3,319 5,122
Accrued payroll and other accrued liabilities (1,884) 3,501 1,184
Net cash provided by (used in)operating activities ,547 (17,012) (13,574)
INVESTING ACTIVITIES:
Purchases of investments (13,000) (12,034) (106,487)
Sales / maturities of investments 17,999 36,416 78,000
Cash paid for acquisitions, net of cash received (1,460) ,(45) (4,077)
Purchases of equipment (5,890) (9,380) (4,783)
Patent acquisition costs ,(7) ,(26) ,(117)
Net cash provided by (used in) investing activities (2,358) 14,931 (37,464)
FINANCIN G ACTIVITIES:
Net proceeds from sales of Common Stock ,541 ,292 ,-
Exercise of stock options and warrants 6,294 3,589 2,423
R epurchase of Common Stock ,(267) ,-,-
Other ,-,-,232
Net cash provided by financing activities 6,568 3,881 2,655
NET INCR EASE (DECR EASE) IN CASH AND CASH EQUIVALENTS 4,757 1,800 (48,383)
CASH AND CASH EQUIVALENTS, beginning of period 16,920 15,120 63,503
CASH AND CASH EQUIVALENTS, end of period $ 21,677 $ 16,920 $ 15,120
NO NCASH INVESTING AND FINANCING ACTIVITIES:
Common Stock issued in acquisitions and earn-outs $ 14,379 $ 9,093 $ 22,809
Issuance of note payable in acquisition 2,500 ,-,-
The accompanying notes are an integral part of these consolidated financial statements.
(In Thousands)