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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income (loss) $ (47,874) $ (24,221)
Less: Income (loss) from discontinued operations, net of tax 0 1,751
Income (loss) from continuing operations (47,874) (22,470)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and software 76,984 86,355
Amortization of acquired intangible assets 10,316 17,622
Stock-based compensation 50,670 60,318
Gain on sale of intangible assets 0 (17,149)
Gain on sale of investment 0 (7,624)
Impairments of investments 10,156 0
Deferred income taxes (6,575) 845
(Gain) loss from changes in fair value of investments 8,312 5,100
Amortization of debt discount on convertible senior notes 8,822 7,964
Change in assets and liabilities, net of acquisitions and dispositions:    
Accounts receivable 20,217 787
Prepaid expenses and other current assets (2,695) (3,114)
Accounts payable (16,034) (5,616)
Accrued merchant and supplier payables (214,748) (197,836)
Accrued expenses and other current liabilities (45,175) (39,396)
Other, net 14,663 (21,490)
Net cash provided by (used in) operating activities from continuing operations (132,961) (135,704)
Net cash provided by (used in) operating activities from discontinued operations 0 (2,195)
Net cash provided by (used in) operating activities (132,961) (137,899)
Investing activities    
Purchases of property and equipment and capitalized software (53,611) (43,716)
Proceeds from sale of intangible assets 1,500 18,333
Proceeds from sales and maturities of investments 8,594 16,561
Acquisition of business, net of acquired cash (57,821) 0
Acquisitions of intangible assets and other investing activities (17,147) (750)
Net cash provided by (used in) investing activities from continuing operations (118,485) (9,572)
Net cash provided by (used in) investing activities from discontinued operations 0 (9,548)
Net cash provided by (used in) investing activities (118,485) (19,120)
Financing activities    
Payments for purchases of treasury stock 0 (61,233)
Taxes paid related to net share settlements of stock-based compensation awards (18,638) (23,340)
Proceeds from stock option exercises and employee stock purchase plan 5,710 5,486
Distributions to noncontrolling interest holders (9,316) (8,974)
Payments of capital lease obligations (25,289) (25,298)
Payments of contingent consideration related to acquisitions (1,815) (7,790)
Other financing activities 0 (473)
Net cash provided by (used in) financing activities (49,348) (121,622)
Effect of exchange rate changes on cash, cash equivalents and restricted cash, including cash classified within current assets of discontinued operations (9,287) 23,275
Net increase (decrease) in cash, cash equivalents and restricted cash, including cash classified within current assets of discontinued operations (310,081) (255,366)
Less: Net increase (decrease) in cash classified within current assets of discontinued operations 0 (28,866)
Net increase (decrease) in cash, cash equivalents and restricted cash (310,081) (226,500)
Cash, cash equivalents and restricted cash, beginning of period 885,481 874,906
Cash, cash equivalents and restricted cash, end of period 575,400 648,406
Non-cash investing and financing activities    
Equipment acquired under capital lease obligations 13,789 17,892
Leasehold improvements funded by lessor 557 402
Increase (decrease) in liabilities related to purchases of property and equipment and capitalized software 699 396
Investments acquired in connection with business dispositions 0 2,022
Contingent consideration liability incurred in connection with acquisition of business 1,589 0
Financing obligation incurred in connection with acquisition of business $ 8,604 $ 0