Juno 2014 Annual Report Download - page 89

Table of Contents
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The accompanying notes are an integral part of these consolidated financial statements.
F-7
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     
Cash flows from operating activities:
Net income (loss) $ (5,429) $ (88,275) $ 12,216
Less: Income from discontinued operations, net of tax 68 13,211 24,239
Loss from continuing operations (5,497) (101,486) (12,023)
Adjustments to reconcile net loss from continuing operations to net cash provided by
operating activities:
Depreciation and amortization 19,915 22,718 22,304
Stock-based compensation 8,557 10,440 8,854
Provision for doubtful accounts receivable 81 357 158
Contingent consideration—fair value adjustment — (5,124) (836)
Impairment of goodwill, intangible assets and long-lived assets — 55,440 26,910
Deferred taxes, net (1,307) 38,695 (3,396)
Tax benefits (shortfalls) from equity awards (154) 1,563 (64)
Excess tax benefits from equity awards (38) (1,144) (10)
Other, net 763 482 1,015
Changes in operating assets and liabilities, net of effects of acquisitions and
discontinued operations:
Accounts receivable, net 4,369 (1,898) 986
Inventories, net 982 (43) (5,835)
Other assets 1,446 5,577 8,875
Accounts payable and accrued liabilities 5,371 2,924 (3,276)
Member redemption liability (2,280) (1,648) (881)
Deferred revenue (3,528) (4,808) (10,056)
Other liabilities (2,241) 316 (4,731)
Net cash provided by operating activities from continuing operations 26,439 22,361 27,994
Cash flows from investing activities:
Purchases of property and equipment (12,144) (10,656) (11,385)
Purchases of rights, content and intellectual property (978) (1,289) (2,120)
Cash paid for acquisitions, net of cash acquired — (750) (7,441)
Purchases of investments (44) (155) (56)
Proceeds from sales of investments 394 87 440
Proceeds from sales of assets, net 30 67 —
Net cash used for investing activities from continuing operations (12,742) (12,696) (20,562)
Cash flows from financing activities:
Proceeds from exercises of stock options — 5,124 5
Proceeds from employee stock purchase plans 1,397 2,997 3,008
Repurchases of common stock (2,796) (4,290) (2,623)
Dividends and dividend equivalents paid on outstanding shares and restricted stock
units — (30,982) (37,528)
Excess tax benefits from equity awards 38 1,144 10
Cash paid for contingent consideration — (3,437) —
Net cash used for financing activities from continuing operations (1,361) (29,444) (37,128)
Effect of foreign currency exchange rate changes on cash and cash equivalents (1,923) (290) 1,038
Net cash provided by (used for) discontinued operations:
Operating activities 68 14,484 57,166
Investing activities — (8,999) (10,509)
Financing activities — (30,054) (17,659)
Effect of a change in cash and cash equivalents of discontinued operations — 43,855 (20,290)
Net cash from discontinued operations 68 19,286 8,708
Change in cash and cash equivalents 10,481 (783) (19,950)
Cash and cash equivalents, beginning of period 68,314 69,097 89,047
Cash and cash equivalents, end of period $ 78,795 $ 68,314 $ 69,097