Earthlink 2011 Annual Report Download - page 136

Download and view the complete annual report

Please find page 136 of the 2011 Earthlink annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 163

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163

Table of Contents
EARTHLINK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2011
126
Parent
Guarantor
Subsidiaries
Non
-
Guarantor
Subsidiaries
Eliminations
Consolidated
Cash flows from operating
activities
$
129,515
$
(20,440
)
37,159
—
$
146,234
Cash flows from investing
activities:
Purchase of business, net
of cash acquired
(20,236
)
—
(
22,859
)
—
(
43,095
)
Purchases of property
and equipment
(9,341
)
(42,815
)
(49,811
)
—
(
101,967
)
Purchases of marketable
securities
(29,621
)
—
—
—
(
29,621
)
Sales and maturities of
marketable securities
319,729
—
—
—
319,729
Payment for investment
in subsidiary
(30,000
)
—
—
30,000
—
Other
(600
)
(3,412
)
560
—
(
3,452
)
Net cash provided by
(used in) investing
activities
229,931
(46,227
)
(72,110
)
30,000
141,594
Cash flows from financing
activities:
Proceeds from issuance
of debt, net of issuance
costs
278,256
—
—
—
278,256
Repayment of debt and
capital lease
obligations
(257,063
)
(267,837
)
(3,650
)
—
(
528,550
)
Repurchases of common
stock
(46,989
)
—
—
—
(
46,989
)
Payment of dividends
(22,913
)
—
—
—
(
22,913
)
Proceeds from exercises
of stock options
619
—
—
—
619
Proceeds from parent
—
—
30,000
(30,000
)
—
Change in due to/from
affiliates, net
(360,608
)
360,608
—
—
—
Other
—
634
(54
)
—
580
Net cash (used in)
provided by
financing activities
(408,698
)
93,405
26,296
(30,000
)
(318,997
)
Net (decrease) increase in
cash and cash
equivalents
(49,252
)
26,738
(8,655
)
—
(
31,169
)
Cash and cash equivalents,
beginning of year
197,615
1,752
43,585
—
242,952
Cash and cash equivalents,
end of year
$
148,363
$
28,490
34,930
—
$
211,783