XML 61 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash Flows from Operating Activities:      
Net loss $ (5,149)us-gaap_ProfitLoss $ (35,525)us-gaap_ProfitLoss $ (39,362)us-gaap_ProfitLoss
Adjustments to reconcile to net cash used in operating activities:      
Depreciation 74us-gaap_DepreciationDepletionAndAmortization 92us-gaap_DepreciationDepletionAndAmortization 108us-gaap_DepreciationDepletionAndAmortization
Amortization of debt discount 1,085us-gaap_AmortizationOfDebtDiscountPremium 995us-gaap_AmortizationOfDebtDiscountPremium 726us-gaap_AmortizationOfDebtDiscountPremium
Equity loss 15,335us-gaap_IncomeLossFromEquityMethodInvestments 12,607us-gaap_IncomeLossFromEquityMethodInvestments 26,517us-gaap_IncomeLossFromEquityMethodInvestments
Other (income) loss, net (31,657)us-gaap_OtherNonoperatingIncomeExpense (383)us-gaap_OtherNonoperatingIncomeExpense (9,338)us-gaap_OtherNonoperatingIncomeExpense
Stock-based compensation expense 1,935us-gaap_ShareBasedCompensation 1,821us-gaap_ShareBasedCompensation 2,014us-gaap_ShareBasedCompensation
Changes in assets and liabilities:      
Accounts receivable, net (369)us-gaap_IncreaseDecreaseInAccountsReceivable (1,194)us-gaap_IncreaseDecreaseInAccountsReceivable (418)us-gaap_IncreaseDecreaseInAccountsReceivable
Accounts payable, accrued expenses, and other (1,443)us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities 366us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities 3,228us-gaap_IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
Net cash used in operating activities (20,189)us-gaap_NetCashProvidedByUsedInOperatingActivities (21,221)us-gaap_NetCashProvidedByUsedInOperatingActivities (16,525)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows from Investing Activities:      
Acquisitions of ownership interests in companies (59,476)us-gaap_PaymentsToAcquireEquityMethodInvestments (41,838)us-gaap_PaymentsToAcquireEquityMethodInvestments (46,100)us-gaap_PaymentsToAcquireEquityMethodInvestments
Proceeds from sales of and distributions from companies 82,822us-gaap_ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates 38,974us-gaap_ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates 17,596us-gaap_ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates
Advances and loans to companies (10,968)us-gaap_PaymentsForAdvanceToAffiliate (10,464)us-gaap_PaymentsForAdvanceToAffiliate (13,665)us-gaap_PaymentsForAdvanceToAffiliate
Repayment of advances and loans to companies 4,684us-gaap_ProceedsFromCollectionOfAdvanceToAffiliate 1,651us-gaap_ProceedsFromCollectionOfAdvanceToAffiliate 3,214us-gaap_ProceedsFromCollectionOfAdvanceToAffiliate
Increase in marketable securities (55,594)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (69,883)us-gaap_PaymentsToAcquireHeldToMaturitySecurities (242,023)us-gaap_PaymentsToAcquireHeldToMaturitySecurities
Decrease in marketable securities 55,410us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities 165,379us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities 276,392us-gaap_ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
Release of restricted cash equivalents for interest on convertible senior debentures 5us-gaap_IncreaseDecreaseInRestrictedCash 0us-gaap_IncreaseDecreaseInRestrictedCash 7,701us-gaap_IncreaseDecreaseInRestrictedCash
Capital expenditures (59)us-gaap_PaymentsToAcquireProductiveAssets (37)us-gaap_PaymentsToAcquireProductiveAssets (73)us-gaap_PaymentsToAcquireProductiveAssets
Proceeds from sale of discontinued operations, net 0us-gaap_ProceedsFromDivestitureOfBusinesses 6,434us-gaap_ProceedsFromDivestitureOfBusinesses 0us-gaap_ProceedsFromDivestitureOfBusinesses
Other, net 132us-gaap_PaymentsForProceedsFromOtherInvestingActivities 42us-gaap_PaymentsForProceedsFromOtherInvestingActivities 74us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash provided by investing activities 16,956us-gaap_NetCashProvidedByUsedInInvestingActivities 90,258us-gaap_NetCashProvidedByUsedInInvestingActivities 3,116us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows from Financing Activities:      
Proceeds from issuance of convertible senior debentures 0us-gaap_ProceedsFromConvertibleDebt 0us-gaap_ProceedsFromConvertibleDebt 55,000us-gaap_ProceedsFromConvertibleDebt
Repurchase of convertible senior debentures (441)us-gaap_RepaymentsOfConvertibleDebt (43)us-gaap_RepaymentsOfConvertibleDebt (58,703)us-gaap_RepaymentsOfConvertibleDebt
Costs of issuance of convertible senior debentures 0us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts (1,790)us-gaap_PaymentsOfDebtIssuanceCosts
Issuance of Company common stock, net 1,289us-gaap_ProceedsFromIssuanceOfCommonStock 4,417us-gaap_ProceedsFromIssuanceOfCommonStock 1,744us-gaap_ProceedsFromIssuanceOfCommonStock
Repurchase of Company common stock (25,036)us-gaap_PaymentsForRepurchaseOfCommonStock (122)us-gaap_PaymentsForRepurchaseOfCommonStock 0us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash provided by (used in) financing activities (24,188)us-gaap_NetCashProvidedByUsedInFinancingActivities 4,252us-gaap_NetCashProvidedByUsedInFinancingActivities (3,749)us-gaap_NetCashProvidedByUsedInFinancingActivities
Net change in cash and cash equivalents (27,421)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 73,289us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (17,158)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 139,318us-gaap_CashAndCashEquivalentsAtCarryingValue 66,029us-gaap_CashAndCashEquivalentsAtCarryingValue 83,187us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period $ 111,897us-gaap_CashAndCashEquivalentsAtCarryingValue $ 139,318us-gaap_CashAndCashEquivalentsAtCarryingValue $ 66,029us-gaap_CashAndCashEquivalentsAtCarryingValue