Overstock.com 2013 Annual Report Download - page 72

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Table of Contents








Net income (loss) $88,509
$14,669
$(19,438)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization 14,522
16,009
16,350
Realized gain from sale of marketable securities (33)
(9)
—
Loss on disposition of fixed assets —
72
—
Stock-based compensation to employees and directors 3,251
3,527
3,051
Deferred income taxes (72,651)
—
—
Amortization of debt discount and deferred loan costs 18
73
127
Loss on investment in precious metals 1,457
—
—
Loss from early extinguishment of debt —
—
1,253
Restructuring charges (reversals) (471)
76
—
Changes in operating assets and liabilities:
Restricted cash 200
131
506
Accounts receivable, net 3,226
(5,772)
59
Inventories, net (579)
(3,471)
9,121
Prepaid inventories, net 108
(885)
1,055
Prepaids and other assets (536)
1,294
(456)
Other long-term assets, net 2
(267)
(160)
Accounts payable 28,180
(7,902)
2,944
Accrued liabilities 17,959
(459)
6,952
Deferred revenue (1,090)
10,433
3,951
Other long-term liabilities 1,573
626
348
Net cash provided by operating activities 83,645
28,145
25,663

Purchases of marketable securities (132)
(82)
(160)
Purchases of intangible assets (13)
(6)
(4)
Sales of marketable securities 292
154
—
Investment in precious metals (8,080)
(1,397)
—
Expenditures for fixed assets, including internal-use software and website development (18,067)
(12,489)
(8,741)
Proceeds from sale of fixed assets —
56
—
Net cash used in investing activities (26,000)
(13,764)
(8,905)

Payments on capital lease obligations (2,563)
(112)
(730)
Drawdowns on line of credit —
—
17,000
Payments on line of credit —
(17,000)
—
Capitalized financing costs —
—
(140)
Proceeds from finance obligations —
—
1,429
Payments on finance obligations —
—
(24,918)
Paydown on direct financing arrangement (258)
(236)
(216)
Payments to retire convertible senior notes —
—
(34,615)
Change in restricted cash 125
—
—
Proceeds from exercise of stock options 1,560
—
—
Purchase of treasury stock (1,391)
(471)
(1,604)
Net cash used in financing activities (2,527)
(17,819)
(43,794)
Net increase (decrease) in cash and cash equivalents 55,118
(3,438)
(27,036)
Cash and cash equivalents, beginning of period 93,547
96,985
124,021
Cash and cash equivalents, end of period $148,665
$93,547
$96,985




