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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Statement of cash flows for the year ended December 31, 2013:
89
IAC
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries
Total Eliminations
IAC Consolidated
(In thousands)
Net cash (used in) provided by operating
activities attributable to continuing operations
$
(95,081
)
$
520,255
$
(14,213
)
$
—
$
410,961
Cash flows from investing activities attributable
to continuing operations:
Acquisitions, net of cash acquired
—
(
6,138
)
(34,552
)
—
(
40,690
)
Capital expenditures
(1,387
)
(63,224
)
(15,700
)
—
(
80,311
)
Proceeds from maturities and sales of marketable
debt securities
12,502
—
—
—
12,502
Proceeds from sales of long-term investments
7,839
50,850
11,279
—
69,968
Purchases of long-term investments
(17,814
)
—
(
33,266
)
—
(
51,080
)
Other, net
—
(
1,725
)
11,319
—
9,594
Net cash provided by (used in) investing activities
attributable to continuing operations
1,140
(20,237
)
(60,920
)
—
(
80,017
)
Cash flows from financing activities attributable
to continuing operations:
Proceeds from issuance of long-term debt
500,000
—
—
—
500,000
Principal payments on long-term debt
(15,844
)
—
—
—
(
15,844
)
Purchase of treasury stock
(264,214
)
—
—
—
(
264,214
)
Dividends
(79,189
)
—
—
—
(
79,189
)
Issuance of common stock, net of withholding
taxes
(5,077
)
—
—
—
(
5,077
)
Excess tax benefits from stock-based awards
32,081
—
810
—
32,891
Purchase of noncontrolling interests
—
—
(
67,947
)
—
(
67,947
)
Funds transferred to escrow for Meetic tender
offer
—
—
(
71,512
)
—
(
71,512
)
Debt issuance costs
(7,399
)
—
—
—
(
7,399
)
Intercompany
216,359
(498,810
)
282,451
—
—
Other, net
—
(
1,225
)
(2,562
)
—
(
3,787
)
Net cash provided by (used in) financing
activities attributable to continuing operations
376,717
(500,035
)
141,240
—
17,922
Total cash provided by (used in) continuing
operations
282,776
(17
)
66,107
—
348,866
Total cash used in discontinued operations
(1,829
)
—
(
48
)
—
(
1,877
)
Effect of exchange rate changes on cash and cash
equivalents
—
17
3,461
—
3,478
Net increase in cash and cash equivalents
280,947
—
69,520
—
350,467
Cash and cash equivalents at beginning of period
501,075
—
248,902
—
749,977
Cash and cash equivalents at end of period
$
782,022
$
—
$
318,422
$
—
$
1,100,444