Expedia 2011 Annual Report Download - page 121

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CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2011
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Consolidated
(In thousands)
Operating activities:
Net cash provided by operating activities from
continuing operations $ — $ 527,448 $ 298,281 $ 825,729
Investing activities:
Capital expenditures, including internal-use
software and website development — (179,159) (28,678) (207,837)
Purchases of investments — (1,425,578) (297,772) (1,723,350)
Sales and maturities of investments — 1,359,439 147,801 1,507,240
Other, net — (6,190) (33,323) (39,513)
Net cash used in investing activities from continuing
operations — (251,488) (211,972) (463,460)
Financing activities:
Treasury stock activity (294,027) — — (294,027)
Payment of dividends to stockholders (76,550) — — (76,550)
Purchase of additional interests in controlled
subsidiaries, net — — (22,485) (22,485)
Transfers (to) from related parties 333,303 (333,303) — —
Other, net 37,274 (4,285) 6,579 39,568
Net cash used in financing activities from continuing
operations — (337,588) (15,906) (353,494)
Net cash provided by (used in) continuing
operations — (61,628) 70,403 8,775
Net cash provided by discontinued operations — 76,903 — 76,903
Effect of exchange rate changes on cash and cash
equivalents of discontinued operations — (19,539) 1,796 (17,743)
Net increase (decrease) in cash and cash equivalents — (4,264) 72,199 67,935
Cash and cash equivalents at beginning of year — 361,516 259,683 621,199
Cash and cash equivalents at end of year $ — $ 357,252 $ 331,882 $ 689,134
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