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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Statement of cash flows for the year ended December 31, 2011:
91
IAC
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries
Total Eliminations
IAC Consolidated
(In thousands)
Net cash (used in) provided by operating
activities attributable to continuing operations
$
(75,300
)
$
366,144
$
81,542
$
—
$
372,386
Cash flows from investing activities attributable
to continuing operations:
Acquisitions, net of cash acquired
—
(
80,998
)
(197,471
)
—
(
278,469
)
Capital expenditures
(798
)
(29,051
)
(10,105
)
—
(
39,954
)
Proceeds from maturities and sales of marketable
debt securities
267,635
—
317,300
—
584,935
Purchases of marketable debt securities
(74,240
)
—
(
129,730
)
—
(
203,970
)
Proceeds from sales of long-term investments
10,214
—
5,000
—
15,214
Purchases of long-term investments
(35,263
)
(51,008
)
(3,974
)
—
(
90,245
)
Other, net
—
1,886
(14,583
)
—
(
12,697
)
Net cash provided by (used in) investing activities
attributable to continuing operations
167,548
(159,171
)
(33,563
)
—
(
25,186
)
Cash flows from financing activities attributable
to continuing operations:
Purchase of treasury stock
(507,765
)
—
—
—
(
507,765
)
Dividends
(10,668
)
—
—
—
(
10,668
)
Issuance of common stock, net of withholding
taxes
132,785
—
—
—
132,785
Excess tax benefits from stock-based awards
22,166
—
—
—
22,166
Purchase of noncontrolling interests
(3,843
)
—
—
—
(
3,843
)
Intercompany
824,194
(206,866
)
(617,328
)
—
—
Other, net
—
(
249
)
(4,659
)
—
(
4,908
)
Net cash provided by (used in) financing
activities attributable to continuing operations
456,869
(207,115
)
(621,987
)
—
(
372,233
)
Total cash provided by (used in) continuing
operations
549,117
(142
)
(574,008
)
—
(
25,033
)
Total cash used in discontinued operations
(7,166
)
—
(
1,251
)
—
(
8,417
)
Effect of exchange rate changes on cash and cash
equivalents
3,271
142
(7,909
)
—
(
4,496
)
Net increase (decrease) in cash and cash
equivalents
545,222
—
(
583,168
)
—
(
37,946
)
Cash and cash equivalents at beginning of period
—
—
742,099
—
742,099
Cash and cash equivalents at end of period
$
545,222
$
—
$
158,931
$
—
$
704,153