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Table of Contents
EARTHLINK, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2010
Parent Guarantor
Subsidiaries Non-Guarantor
Subsidiaries Eliminations Consolidated
Cash flows from operating
activities
$
167,691
$
(8,104
)
(5,138
)
—
$
154,449
Cash flows from investing
activities:
Purchase of business, net
of cash acquired
(251,489
)
—
59,237
—
(
192,252
)
Purchases of property
and equipment
(6,447
)
(7,063
)
(10,515
)
—
(
24,025
)
Purchases of investments
in marketable
securities
(362,127
)
—
—
—
(
362,127
)
Sales and maturities of
investments in
marketable securities
132,592
—
—
—
132,592
Payments to settle
precombination stock
awards
—
—
(
9,062
)
—
(
9,062
)
Proceeds received from
investments in other
companies
1,618
—
—
—
1,618
Payment for investment
in subsidiary stock
(10,000
)
—
—
10,000
—
Other
—
—
(
937
)
—
(
937
)
Net cash (used in)
provided by
investing activities
(495,853
)
(7,063
)
38,723
10,000
(454,193
)
Cash flows from financing
activities:
Principal payments under
capital lease
obligations
(35
)
—
—
—
(
35
)
Repurchases of common
stock
(851
)
—
—
—
(
851
)
Payment of dividends
(67,474
)
—
—
—
(
67,474
)
Proceeds from exercises
of stock options
2,829
—
—
—
2,829
Proceeds from issuance
of stock subscription
—
—
10,000
(10,000
)
—
Change in due to/from
affiliates, net
(15,676
)
15,676
—
—
—
Other financing activities
(2,768
)
—
—
—
(
2,768
)
Net cash (used in)
provided by
financing activities
(83,975
)
15,676
10,000
(10,000
)
(68,299
)
Net (decrease) increase in
cash and cash
equivalents
(412,137
)
509
43,585
—
(
368,043
)
Cash and cash equivalents,
beginning of year
609,752
1,243
—
—
610,995
Cash and cash equivalents,
end of year
$
197,615
$
1,752
43,585
—
$
242,952