Earthlink 2008 Annual Report Download - page 267

The accompanying notes are an integral part of these combined financial statements.
7
Due to Partners
297
8,056
(14,765
)
Deferred revenue and other liabilities
2,947
4,709
4,039
Net cash used in operating activities
(31,869
)
(144,446
)
(281,179
)
Investing activities
Purchases of property and equipment
(26,166
)
(27,383
)
(11,792
)
Purchases of domain names (intangible assets)
(170
)
—
—
Purchases of marketable securities
(148,900
)
(1,066,917
)
(49,650
)
Proceeds from disposition of marketable securities
54,200
1,133,700
77,567
Net cash (used in) provided by investing activities
(121,036
)
39,400
16,125
Financing activities
Partner cash contributions in HELIO LLC in exchange for convertible preferred
membership units
204,000
157,000
69,000
Exercise of employee common stock options
—
13
136
Proceeds from the issuance of notes payable
—
—
130,000
Issuance of common stock
—
8,004
—
Net cash provided by financing activities
204,000
165,017
199,136
Net increase/(decrease) in cash and cash equivalents
51,095
59,971
(65,918
)
Cash and cash equivalents, beginning of period
—
51,095
111,066
Cash and cash equivalents, end of period
$
51,095
$
111,066
$
45,148