XML 80 R7.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
Cash flows from operating activities:      
Net income/(loss) $ 107,675 $ 111,648 $ (73,629)
Less: (Loss)/income from discontinued operations, net of tax (15,464) 17,623 (95,712)
Less: (Loss)/gain from sale of discontinued operations, net of tax (7,008) 3,841 0
Income from continuing operations, net of tax 130,147 90,184 22,083
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 127,020 121,784 108,063
Provision for bad debts and claim losses 13,739 19,540 17,084
Share-based compensation 26,613 20,684 11,209
Tax benefit related to stock options (5,146) (935) (344)
Equity in earnings of investee, net of taxes (27,361) (35,983) (30,515)
Loss/(gains) on sale of property 0 951 (8,061)
Loss on early extinguishment of debt 0 326 10,190
Deferred income tax 12,090 34,678 (7,401)
(Gain)/loss on investments and other, net (12,032) 2,516 (60,750)
Change in operating assets and liabilities, net of acquisitions:      
Accounts receivable 21,196 (40,610) (8,242)
Prepaid expenses and other assets (935) 4,055 (17,669)
Accounts payable and accrued expenses (9,652) 61,408 (31,143)
Deferred revenue 47,123 10,824 (18,782)
Income taxes (27,543) (15,707) 80,183
Dividends received from investments in affiliates 36,680 70,666 42,929
Other assets and other liabilities (29,526) (24,436) 34,909
Net cash provided by operating activities - continuing operations 302,413 319,945 143,743
Net cash provided by operating activities - discontinued operations 51,408 43,200 19,253
Total cash provided by operating activities 353,821 363,145 162,996
Cash flows from investing activities:      
Purchases of property and equipment (68,740) (48,266) (41,153)
Purchases of capitalized data and other intangible assets (37,841) (32,189) (27,009)
Cash paid for acquisitions, net of cash acquired (92,049) (78,354) (214,215)
Cash received from sale of subsidiary, net 2,263 10,000 28,054
Purchases of investments (2,351) 0 (26,398)
Proceeds from sale of property and equipment 0 1,863 25,042
Proceeds from sale of investments 0 8,000 74,621
Change in restricted cash 10,068 86 2,091
Net cash used in investing activities - continuing operations (188,650) (138,860) (178,967)
Net cash provided by/(used in) investing activities - discontinued operations 1,857 (8,482) (8,706)
Total cash used in investing activities (186,793) (147,342) (187,673)
Cash flows from financing activities:      
Purchases of redeemable noncontrolling interests 0 0 (72,000)
Proceeds from long-term debt 51,647 50,000 858,154
Debt issuance costs (10,436) 0 (22,810)
Repayments of long-term debt (4,666) (166,715) (733,407)
Shares repurchased and retired (241,161) (226,629) (176,512)
Proceeds from issuance of stock related to stock options and employee benefit plans 28,232 13,497 3,087
Minimum tax withholding paid on behalf of employees for restricted stock units (8,665) (3,466) (2,023)
Distribution to noncontrolling interests 0 (10) (4,835)
Tax benefit related to stock options 5,146 935 344
Net cash used in financing activities - continuing operations (179,903) (332,388) (150,002)
Net cash (used in)/provided by financing activities - discontinued operations 0 (79) 64
Total cash used in financing activities (179,903) (332,467) (149,938)
Effect of Exchange Rate on cash (2,116) (153) 65
Net decrease in cash and cash equivalents (14,991) (116,817) (174,550)
Cash and cash equivalents at beginning of year 151,986 260,029 419,701
Less: Change in cash and cash equivalents of discontinued operations 53,265 34,639 10,611
Plus: Cash swept from discontinued operations 51,011 43,413 25,489
Cash and cash equivalents at end of year 134,741 151,986 260,029
Supplemental disclosures of cash flow information:      
Cash paid for interest 46,432 51,828 57,851
Cash paid for income taxes 71,055 71,283 36,480
Cash refunds from income taxes 14,096 18,330 50,157
Non-cash investing and financing activities:      
Adjustment of carrying value of mandatorily redeemable noncontrolling interest 0 0 (3,800)
Notes Issued $ 0 $ 0 $ 12,700