iHeartMedia 2009 Annual Report Download - page 157
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Pre-mer
g
er Year ended December 31, 2007
(In thousands) Parent Subsidiary Guarantor Non-Guarantor
Company Issuer Subsidiaries Subsidiaries Eliminations Consolidated
Cash flows from o
p
eratin
g
activities:
Consolidated net income
$ — $ 938,507 $ 804,458 $ 285,689 $(1,043,116) $ 985,538
Less: Income (loss) from discontinued operations, net — — 145,017 816 — 145,833
Net income (loss) from continuing operations
— 938,507 659,441 284,873 (1,043,116) 839,705
Reconcilin
g
items:
Depreciation and amortization
— — 166,328 400,299 — 566,627
Deferred taxes
— (15,426) 163,576 40,088 — 188,238
Provision for doubtful accounts
—
—
28,017 10,598
—
38,615
Amortization of deferred financing charges, bond premiums, and
accretion of note discounts
— 6,335 1,404 — — 7,739
Share-based compensation
— — 34,681 9,370 — 44,051
(Gain) loss on disposal of assets
— — (2,289) (11,824) — (14,113)
(Gain) loss forward exchange contract
— — 3,954 — — 3,954
(Gain) loss on trading securities
— — (10,696) — — (10,696)
E
q
uit
y
in (earnin
g
s) loss of nonconsolidated affiliates
—
(776,688) (266,428) (35,176) 1,043,116 (35,176)
Other reconciling items - net
— (200) 586 (478) — (92)
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
— (64,521) 18,788 (6,691) — (52,424)
Net cash provided by operating activities
— 88,007 797,362 691,059 — 1,576,428
Cash flows from investin
g
activities:
Decrease (increase) in notes receivable - net
— — (5,835) (234) — (6,069)
Decrease (increase) in investments in and advances to nonconsolidated
affiliates - net
—
—
(2,353) 23,221
—
20,868
Cross currency settlement of interest
— (1,214) — — — (1,214)
Purchase of other investments
— — (67) (659) — (726)
Proceeds from sales of other investments
— — 2,409 — — 2,409
Purchases of property, plant and equipment
— — (86,683) (276,626) — (363,309)
Proceeds from disposal of assets
— — 8,856 17,321 — 26,177
Ac
q
uisition of o
p
eratin
g
assets
—
—
(53,051) (69,059)
—
(122,110)
Decrease (increase) in other - net
— (24,813) 15,041 (28,931) — (38,703)
Net cash used in investing activities
— (26,027) (121,683) (334,967) — (482,677)