iHeartMedia 2009 Annual Report Download - page 155

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150
Pre-mer
g
er Period from Januar
y
1 throu
g
h Jul
y
30, 2008
(In thousands) Parent Subsidiary Guarantor Non-Guarantor
Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated
Cash flows from o
p
eratin
g
activities:
Consolidated net income (loss)
$ — $1,036,525 $ 764,020 $ 183,496 $ (930,364) $1,053,677
Less: Income (loss) from discontinued operations, net — — 637,120 3,116 — 640,236
Net income (loss) from continuing operations
— 1,036,525 126,900 180,380 (930,364) 413,441
Reconcilin
g
items:
Depreciation and amortization
— — 100,675 248,114 — 348,789
Deferred taxes
— 54,276 67,172 23,855 — 145,303
Provision for doubtful accounts
—
—
14,601 8,615
—
23,216
Amortization of deferred financing charges, bond premiums, and
accretion of note discounts
— 4,499 (969) — — 3,530
Share-based compensation
— — 56,218 6,505 — 62,723
(Gain) loss on disposal of assets
— — (3,849) (10,978) — (14,827)
(Gain) loss forward exchange contract
— — 2,496 — — 2,496
(Gain) loss on trading securities
— — (36,758) — — (36,758)
E
q
uit
y
in (earnin
g
s) loss of nonconsolidated affiliates
—
(744,920) (185,444) (94,215) 930,364 (94,215)
(Gain) loss on debt extinguishment
— — 13,484 — — 13,484
Other reconciling items - net
— 72 4,628 4,433 — 9,133
Chan
g
es in o
p
eratin
g
assets and liabilities:
Changes in other operating assets and liabilities, net of effects of
acquisitions and dispositions
— (243,368) 437,791 (35,480) — 158,943
Net cash provided by operating activities
— 107,084 596,945 331,229 — 1,035,258
Cash flows from investin
g
activities:
Decrease (increase) in notes receivable - net
— — 97 239 — 336
Decrease (increase) in investments in and advances to nonconsolidated
affiliates - net
— — — 25,098 — 25,098
Cross currency settlement of interest
— (198,615) — — — (198,615)
Purchase of other investments
— — — (98) — (98)
Proceeds from sales of other investments
— — 125,700 47,767 — 173,467
Purchases of property, plant and equipment
— — (40,642) (199,560) — (240,202)
Proceeds from dis
p
osal of assets
—
—
34,176 38,630
—
72,806
Acquisition of operating assets
— — (69,015) (84,821) — (153,836)
Decrease (increase) in other - net
— (41,118) (56,411) 2,322 — (95,207)
Net cash used in investin
g
activities
—
(239,733) (6,095) (170,423)
—
(416,251)