Expedia 2015 Annual Report Download - page 143

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CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2015
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Consolidated
(In thousands)
Operating activities:
Net cash provided by operating activities $ — $ 624,327 $ 743,718 $ 1,368,045
Investing activities:
Capital expenditures, including internal-use
software and website development — (709,679) (77,362) (787,041)
Purchases of investments — (473,538) (47,791) (521,329)
Sales and maturities of investments — 327,191 83,732 410,923
Acquisitions, net of cash acquired (126,779) (1,873,079) (63,791) (2,063,649)
Transfers (to) from related parties 126,779 (303,846) 177,067 —
Proceeds from sale of business, net of cash
divested and disposal costs — — 523,882 523,882
Other, net — 54,226 11,728 65,954
Net cash provided by (used in) investing activities — (2,978,725) 607,465 (2,371,260)
Financing activities:
Proceeds from issuance of long-term debt, net of
debt issuance costs 1,441,860 — — 1,441,860
Purchases of treasury stock (60,546) — — (60,546)
Proceeds from issuance of treasury stock 22,575 — — 22,575
Payment of dividends to stockholders (108,527) — — (108,527)
Proceeds from exercise of equity awards and
employee stock purchase plan 96,526 — 1,190 97,716
Withholding taxes for stock option exercises (85,033) — — (85,033)
Transfers (to) from related parties (1,396,210) 2,350,385 (954,175) —
Other, net 89,355 (11,998) 18,797 96,154
Net cash provided by (used in) financing activities — 2,338,387 (934,188) 1,404,199
Effect of exchange rate changes on cash and
cash equivalents — (86,269) (41,116) (127,385)
Net increase (decrease) in cash and cash
equivalents — (102,280) 375,879 273,599
Cash and cash equivalents at beginning of year — 943,976 458,724 1,402,700
Cash and cash equivalents at end of year $ — $ 841,696 $ 834,603 $ 1,676,299
F-58