Juno 2013 Annual Report Download - page 98

Table of Contents
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     
Cash flows from operating activities:
Net income (loss) $(82,167) $ 12,804 $ 51,669
Less: Income from discontinued operations, net of tax 12,829 24,505 16,007
Income (loss) from continuing operations (94,996) (11,701) 35,662
Adjustments to reconcile net income (loss) from continuing operations to net cash
provided by operating activities:
Depreciation and amortization 22,565 22,303 23,338
Stock-based compensation 10,440 8,854 13,334
Provision for doubtful accounts receivable 357 158 656
Contingent consideration—fair value adjustment (5,124) (836) —
Impairment of goodwill, intangible assets and long-lived assets 52,899 26,910 —
Deferred taxes, net 35,607 (2,132) 6,096
Tax benefits (shortfalls) from equity awards 1,563 (64) (824)
Excess tax benefits from equity awards (1,144) (10) (220)
Other, net 481 1,016 (263)
Changes in operating assets and liabilities, net of effects of acquisitions and
discontinued operations:
Accounts receivable, net (1,898) 986 4,074
Inventories, net (43) (5,835) (80)
Other assets 5,476 8,394 192
Accounts payable and accrued liabilities 2,619 (5,863) (1,070)
Member redemption liability (1,648) (881) (2,314)
Deferred revenue (4,808) (10,056) (17,909)
Other liabilities 15 (3,249) (5,711)
Net cash provided by operating activities from continuing operations 22,361 27,994 54,961
Cash flows from investing activities:
Purchases of property and equipment (10,656) (11,385) (16,489)
Purchases of rights, content and intellectual property (1,289) (2,120) (3,313)
Cash paid for acquisitions, net of cash acquired (750) (7,441) —
Purchases of investments (155) (56) —
Proceeds from sales of investments 87 440 236
Proceeds from sales of assets, net 67 — 221
Net cash used for investing activities from continuing operations (12,696) (20,562) (19,345)
Cash flows from financing activities:
Proceeds from exercises of stock options 5,124 5 37
Proceeds from employee stock purchase plans 2,997 3,008 3,907
Repurchases of common stock (4,290) (2,623) (7,743)
Dividends and dividend equivalents paid on outstanding shares and restricted stock
units (30,982) (37,528) (37,213)
Excess tax benefits from equity awards 1,144 10 220
Cash paid for contingent consideration (3,437) — —
Net cash used for financing activities from continuing operations (29,444) (37,128) (40,792)