XML 64 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating Activities – continuing operations      
Net income (loss) $ 202,041 $ 23,581 $ 29,801
(Income) loss from discontinued operations, including gain on sale, net of tax (232,339) (12,483) (19,313)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:      
Depreciation and amortization 11,701 6,625 2,326
Equity-based compensation 6,411 6,236 3,861
Other (income) loss 4,210 (57,820) (43,203)
Equity loss 2,963 [1] 8,672 [2] 11,964 [3]
Current income tax benefit related to income from discontinued operations (17,571) 108 (464)
Changes in assets and liabilities, net of effect of acquisitions:      
Accounts receivable, net (3,445) (378) (1,308)
Tax receivable 0   6,314
Prepaid expenses and other assets (817) (703) 235
Accounts payable (1,358) 2,643 274
Accrued expenses 1,192 1,501 310
Accrued compensation and benefits 3,034 1,697 (1,371)
Deferred revenue 5,325 9,928 457
Other liabilities 330 (423) (50)
Cash flows provided by (used in) operating activities (18,323) (10,816) (10,167)
Investing Activities – continuing operations      
Capital expenditures, net (1,243) (6,990) (912)
Change in restricted cash (834) (460) 1
Proceeds from other distributions     1,855
Proceeds from sales/distributions of ownership interests 388,968 20,525 54,116
Proceeds from marketable securities 760 7,632  
Ownership acquisition, net of cash acquired (14,638) (68,961) (12,090)
Increase (decrease) in cash due to consolidation/deconsolidation of subsidiaries 1,153    
Acquisitions by subsidiaries, net of cash acquired     (1,050)
Cash flows provided by (used in) investing activities 374,166 (48,254) 41,920
Financing Activities – continuing operations      
Acquisition of noncontrolling interest in subsidiary equity (15,430)    
Borrowings of long-term debt 4,900   238
Repayment of long-term debt and capital lease obligations (2,480)   (798)
Purchase of treasury stock (12,025) (8,354) (8,588)
Tax withholdings related to equity-based awards (11,747) (237) (147)
Cash received for stock option exercises 11 1,045 151
Other financing activities (73)    
Cash flows provided by (used in) financing activities (36,844) (7,546) (9,144)
Discontinued Operations      
Cash flows provided by (used in) operating activities 5,216 8,260 988
Cash flows provided by (used in) investing activities (2,302) (17,285) (3,675)
Cash flows provided by (used in) financing activities (8,129) 3,685 (1,762)
Net increase (decrease) in cash and cash equivalents from discontinued operations (5,215) (5,340) (4,449)
Net increase (decrease) in cash and cash equivalents 313,784 (71,956) 18,160
Cash and cash equivalents at beginning of period 20,872 92,828 74,668
Cash and cash equivalents at end of period $ 334,656 $ 20,872 $ 92,828
[1] Includes Acquirgy, CIML, Freeborders (through October 18, 2013, the date of disposition) and WhiteFence (through October 28, 2013, the date of disposition).
[2] Includes Acquirgy, Bolt (through December 27, 2012, the date of consolidation), CIML (through July 11, 2012, the date of consolidation), Freeborders, GoIndustry (through July 5, 2012, the date of disposition) and WhiteFence.
[3] Includes Acquirgy, Bolt, CIML, ClickEquations (through June 14, 2011, the date of disposition), Freeborders, GoIndustry, Metastorm (through February 17, 2011, the date of disposition), StarCite (through December 30, 2011, the date of disposition) and WhiteFence.