Expedia 2010 Annual Report Download - page 116

Download and view the complete annual report

Please find page 116 of the 2010 Expedia 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 118

  • 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

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2008
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Consolidated
(In thousands)
Operating activities:
Net cash provided by operating activities .............. $ — $241,282 $ 279,406 $ 520,688
Investing activities:
Capital expenditures, including internal-use software
and website development ...................... — (133,842) (25,985) (159,827)
Purchases of investments ........................ — — (92,923) (92,923)
Acquisitions, net of cash acquired ................. — — (538,439) (538,439)
Net settlement of foreign currency forwards ......... — (55,175) — (55,175)
Reclassification of Reserve Primary Fund holdings .... — (80,360) — (80,360)
Distribution from Reserve Primary Fund ............ — 64,387 — 64,387
Other, net .................................... — (157) 2,936 2,779
Net cash used in investing activities .................. — (205,147) (654,411) (859,558)
Financing activities:
Proceeds from issuance of long-term debt, net of
issuance costs ............................... 392,348 — — 392,348
Credit facility borrowings ........................ — 740,000 — 740,000
Credit facility repayments ........................ — (675,000) — (675,000)
Transfers (to) from related parties ................. (386,108) 115,955 270,153 —
Other, net .................................... (6,240) 12,035 1,658 7,453
Net cash provided by financing activities .............. — 192,990 271,811 464,801
Effect of exchange rate changes on cash and cash
equivalents ................................. — (69,983) (7,922) (77,905)
Net increase (decrease) in cash and cash equivalents . . — 159,142 (111,116) 48,026
Cash and cash equivalents at beginning of year ......... — 379,199 238,187 617,386
Cash and cash equivalents at end of year ............ $ — $538,341 $ 127,071 $ 665,412
F-45