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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:
92
IAC
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries
IAC Consolidated
(In thousands)
Net cash (used in) provided by operating activities attributable to
continuing operations
$
(95,081
)
$
537,116
$
(31,074
)
$
410,961
Cash flows from investing activities attributable to continuing
operations:
Acquisitions, net of cash acquired
—
(
6,382
)
(34,052
)
(40,434
)
Capital expenditures
(1,387
)
(63,931
)
(14,993
)
(80,311
)
Proceeds from maturities and sales of marketable debt securities
12,502
—
—
12,502
Proceeds from sales of long-term investments and assets
7,839
50,850
24,402
83,091
Purchases of long-term investments
(17,814
)
—
(
33,266
)
(51,080
)
Other, net
—
(
1,725
)
(1,804
)
(3,529
)
Net cash provided by (used in) investing activities attributable to
continuing operations
1,140
(21,188
)
(59,713
)
(79,761
)
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
)
Acquisition-related contingent consideration payment
—
(
256
)
—
(
256
)
Debt issuance costs
(7,399
)
—
—
(
7,399
)
Intercompany
216,359
(514,464
)
298,105
—
Other, net
—
(
1,225
)
(2,562
)
(3,787
)
Net cash provided by (used in) financing activities attributable to
continuing operations
376,717
(515,945
)
156,894
17,666
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