Expedia 2007 Annual Report Download - page 111

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CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2007
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Consolidated
(In thousands)
Operating activities:
Net cash provided by (used in) operating activities . . . $ (1,714) $ 611,819 $101,964 $ 712,069
Investing activities:
Capital expenditures ........................ — (72,263) (14,395) (86,658)
Other, net ............................... 1,714 (41,409) (53,153) (92,848)
Net cash provided by (used in) investing activities . . . 1,714 (113,672) (67,548) (179,506)
Financing activities:
Borrowings on credit facility ................. 755,000 — — 755,000
Repayments on credit facility ................. (170,000) — — (170,000)
Treasury stock activity ...................... (1,397,173) — — (1,397,173)
Transfers (to) from related parties .............. 814,386 (814,386) — —
Excess tax benefit on equity awards ............ 95,702 — — 95,702
Withholding taxes for stock option exercises ...... (121,208) — — (121,208)
Other, net ............................... 23,293 14,798 9,609 47,700
Net cash provided by financing activities .......... — (799,588) 9,609 (789,979)
Effect of exchange rate changes on cash and cash
equivalents ............................. — 22,100 (572) 21,528
Net increase in cash and cash equivalents ........ — (279,341) 43,453 (235,888)
Cash and cash equivalents at beginning of year ...... — 658,540 194,734 853,274
Cash and cash equivalents at end of year ........ $ — $379,199 $238,187 $ 617,386
F-45
Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)