Expedia 2009 Annual Report Download - page 117

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Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2009
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Consolidated
(In thousands)
Operating activities:
Net cash provided by operating activities ................ $ — $586,275 $ 89,729 $ 676,004
Investing activities:
Capital expenditures, including internal-use software and
website development ............................ — (74,015) (18,002) (92,017)
Purchase of short-term investments .................. — — (45,903) (45,903)
Maturities of short-term investments ................. — — 93,092 93,092
Acquisitions, net of cash acquired ................... — — (45,007) (45,007)
Other, net ...................................... — 49,339 (7,323) 42,016
Net cash used in investing activities .................... — (24,676) (23,143) (47,819)
Financing activities:
Credit facility repayments .......................... — (650,000) — (650,000)
Transfers (to) from related parties ................... (9,149) 1,178 7,971 —
Other, net ...................................... 9,149 (10,213) (9,268) (10,332)
Net cash used in financing activities ................... — (659,035) (1,297) (660,332)
Effect of exchange rate changes on cash and cash
equivalents ................................... — (22,050) 31,329 9,279
Net increase (decrease) in cash and cash equivalents .... — (119,486) 96,618 (22,868)
Cash and cash equivalents at beginning of year ........... — 538,341 127,071 665,412
Cash and cash equivalents at end of year .............. $ — $418,855 $223,689 $ 642,544
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