iHeartMedia 2000 Annual Report Download - page 56

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56
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
Year Ended December 31,
2000 1999 1998
CASH FLOWS FROM
OPERATING ACTIVITIES:
Net income $ 248,808 $ 72,470 $ 54,031
Reconciling Items:
Depreciation 367,639 263,242 134,042
Amortization of intangibles 1,033,424 458,991 170,930
Deferred taxes 386,711 31,653 35,329
Amortization of deferred financing charges, bond
premiums and accretion of note discounts 16,038 5,667 2,444
Amortization of deferred compensation 16,032
(Recognition) deferral of deferred income (121,539) 18,647 (11,371)
Loss (gain) on sale of assets (780,926) (141,556) 13,845
Loss (gain) on sale of other investments 5,369 (22,930) (39,221)
Equity in earnings of non-
consolidated affiliates (20,820) (10,775) (4,471)
Extraordinary item 13,185
Increase (decrease) other, net 8,002 15,489 (6,474)
Changes in operating assets and liabilities, net of
effects of acquisitions:
Decrease (increase) in accounts receivable (5,721) (87,529) (47,699)
Increase (decrease) in accounts payable,
accrued expenses and other liabilities (356,131) 1,757 9,663
Increase (decrease) in accrued interest (3,388) (10,778) (12,309)
Increase (decrease) in accrued income taxes (38,413) 31,873 (19,750)
Net cash provided by operating activities 755,085 639,406 278,989