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IAC/INTERACTIVECORP AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Statement of cash flows for the year ended December 31, 2014:
91
IAC
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries
IAC Consolidated
(In thousands)
Net cash (used in) provided by operating activities attributable to
continuing operations
$
(114,773
)
$
543,087
$
(4,266
)
$
424,048
Cash flows from investing activities attributable to continuing
operations:
Acquisitions, net of cash acquired
—
(
191,238
)
(68,153
)
(259,391
)
Capital expenditures
(1,843
)
(40,422
)
(14,968
)
(57,233
)
Proceeds from maturities and sales of marketable debt securities
21,644
—
—
21,644
Purchases of marketable debt securities
(175,826
)
—
—
(
175,826
)
Proceeds from sales of long-term investments and a business
—
—
58,388
58,388
Purchases of long-term investments
(4,800
)
(7,043
)
(12,491
)
(24,334
)
Other, net
(2,000
)
11
(1,053
)
(3,042
)
Net cash used in investing activities attributable to continuing
operations
(162,825
)
(238,692
)
(38,277
)
(439,794
)
Cash flows from financing activities attributable to continuing
operations:
Dividends
(97,338
)
—
—
(
97,338
)
Issuance of common stock, net of withholding taxes
1,609
—
—
1,609
Excess tax benefits from stock-based awards
34,214
—
10,743
44,957
Purchase of noncontrolling interests
—
(
30,000
)
(3,165
)
(33,165
)
Funds returned from escrow for Meetic tender offer
—
—
12,354
12,354
Acquisition-related contingent consideration payments
—
(
736
)
(7,373
)
(8,109
)
Debt issuance costs
(383
)
—
—
(
383
)
Intercompany
323,666
(271,309
)
(52,357
)
—
Other, net
—
(
1,365
)
460
(905
)
Net cash provided by (used in) financing activities attributable to
continuing operations
261,768
(303,410
)
(39,338
)
(80,980
)
Total cash (used in) provided by continuing operations
(15,830
)
985
(81,881
)
(96,726
)
Total cash used in discontinued operations
(116
)
—
(
29
)
(145
)
Effect of exchange rate changes on cash and cash equivalents
—
36
(13,204
)
(13,168
)
Net (decrease) increase in cash and cash equivalents
(15,946
)
1,021
(95,114
)
(110,039
)
Cash and cash equivalents at beginning of period
782,022
—
318,422
1,100,444
Cash and cash equivalents at end of period
$
766,076
$
1,021
$
223,308
$
990,405