Expedia 2006 Annual Report Download - page 106

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CONDENSED COMBINING STATEMENT OF CASH FLOWS
Year Ended December 31, 2004
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Consolidated
(In thousands)
Operating activities:
Net cash provided by operating activities .................. $ 769,872 $ 22,354 $ 792,226
Investing activities:
Acquisitions, net of cash acquired ..................... (280,201) 18,811 (261,390)
Proceeds from sale of marketable securities .............. 722,646 — 722,646
Transfers to IAC/InterActiveCorp, net .................. (1,272,714) — (1,272,714)
Other, net ....................................... (109,245) (11,703) (120,948)
Net cash provided by (used in) investing activities ........... (939,514) 7,108 (932,406)
Financing activities:
Contribution from (distribution to) IAC/InterActiveCorp,
net .......................................... 109,311 (5,504) 103,807
Other, net ....................................... 5,468 (1,955) 3,513
Net cash provided by (used in) financing activities ........... 114,779 (7,459) 107,320
Effect of exchange rate changes on cash and cash
equivalents .................................... (5,737) 2,596 (3,141)
Net increase (decrease) in cash and cash equivalents ....... (60,600) 24,599 (36,001)
Cash and cash equivalents at beginning of year ............. 168,577 9,092 177,669
Cash and cash equivalents at end of year ................ $ 107,977 $ 33,691 $ 141,668
F-46
Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)