Expedia 2015 Annual Report Download - page 144

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CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 2014
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Consolidated
(In thousands)
Operating activities:
Net cash provided by operating activities from
continuing operations $ — $1,027,571 $ 339,388 $ 1,366,959
Investing activities:
Capital expenditures, including internal-use
software and website development — (281,696) (46,691) (328,387)
Purchases of investments — (913,205) (281,005) (1,194,210)
Sales and maturities of investments — 861,744 300,813 1,162,557
Acquisitions, net of cash acquired — — (560,668) (560,668)
Other, net — (2,805) (744) (3,549)
Net cash used in investing activities from continuing
operations — (335,962) (588,295) (924,257)
Financing activities:
Proceeds from issuance of long-term debt, net of
issuance costs 492,894 — — 492,894
Purchases of treasury stock (537,861) — — (537,861)
Proceeds from issuance of treasury stock 20,404 20,404
Payment of dividends to stockholders (84,697) — — (84,697)
Proceeds from exercise of equity awards and
employee stock purchase plan 104,598 — 3,523 108,121
Transfers (to) from related parties (53,494) (287,394) 340,888 —
Other, net 58,156 (2,124) (6,744) 49,288
Net cash provided by (used in) financing activities from
continuing operations — (289,518) 337,667 48,149
Effect of exchange rate changes on cash and cash
equivalents — (64,798) (44,386) (109,184)
Net increase in cash and cash equivalents — 337,293 44,374 381,667
Cash and cash equivalents at beginning of year — 606,683 414,350 1,021,033
Cash and cash equivalents at end of year $ — $ 943,976 $ 458,724 $ 1,402,700
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