XML 33 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Cash flows from operating activities:      
Net loss $ (28,303,000) $ (17,167,000) $ (142,402,000)
Loss from discontinued operations (6,281,000) (21,260,000) (9,200,000)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest (22,022,000) 4,093,000 (133,202,000)
Share-based Compensation 17,796,000 17,696,000 22,438,000
Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities:      
Depreciation 18,871,000 16,462,000 16,742,000
Amortization of intangibles 33,352,000 30,710,000 19,397,000
Amortization of deferred finance charges and debt discount 2,270,000 2,247,000 7,762,000
Adjustment to deferred acquisition consideration 38,887,000 18,652,000 36,143,000
Deferred income taxes 1,824,000 10,963,000 (5,427,000)
Earnings of non-consolidated affiliates (1,058,000) (1,406,000) (281,000)
Distributions in excess of carrying value 0 0 (3,058,000)
Other and non-current assets and liabilities 4,680,000 (7,805,000) (9,405,000)
Foreign exchange 30,185,000 14,821,000 3,004,000
Changes in working capital:      
Accounts receivable (4,796,000) (35,800,000) 16,086,000
Expenditures billable to clients (3,879,000) 23,351,000 (4,404,000)
Prepaid expenses and other current assets 1,550,000 (1,949,000) (7,835,000)
Accounts payable, accruals and other current liabilities 76,521,000 51,120,000 30,017,000
Increase (Decrease) in Deferred Revenue (23,508,000) (13,805,000) 17,632,000
Cash flows provided by continuing operating activities 164,147,000 129,350,000 55,994,000
Discontinued operations (1,342,000) (1,827,000) 3,305,000
Net cash provided by operating activities 162,805,000 127,523,000 59,299,000
Gain (Loss) on Sale of Investments (6,526,000) 0 0
Cash flows used in investing activities:      
Capital expenditures (23,575,000) (26,416,000) (16,809,000)
Payments for (Proceeds from) Investments 8,631,000 85,000 239,000
Acquisitions, net of cash acquired (24,778,000) (68,344,000) (11,872,000)
Distributions from non-consolidated affiliates 0 3,409,000 3,761,000
Other investments (7,272,000) (6,312,000) (2,692,000)
Cash flows used in continuing investing activities (46,994,000) (97,578,000) (27,373,000)
Discontinued operations 17,101,000 (2,108,000) (2,751,000)
Net cash used in investing activities (29,893,000) (99,686,000) (30,124,000)
Cash flows (used in) provided by financing activities:      
Acquisition related payments (134,056,000) (78,322,000) (119,572,000)
Cash overdraft (1,410,000) 37,835,000 4,976,000
Distributions to noncontrolling interests (9,503,000) (6,523,000) (5,525,000)
Proceeds from exercise of options 224,000 0 0
Payment of dividends (42,313,000) (37,698,000) (22,047,000)
Repayment of long-term debt (534,000) (656,000) (743,000)
Deferred financing costs 0 (3,659,000) (20,815,000)
Purchase of shares (2,388,000) (5,414,000) (13,817,000)
Other 0 112,000 561,000
Cash flows (used in) provided by continuing financing activities (189,980,000) (15,388,000) 11,758,000
Discontinued operations (40,000) (40,000) (1,266,000)
Net cash (used in) provided by financing activities (190,020,000) (15,428,000) 10,492,000
Effect of exchange rate changes on cash and cash equivalents 5,218,000 (1,068,000) 2,010,000
(Decrease) increase in cash and cash equivalents (51,890,000) 11,341,000 41,677,000
Cash and cash equivalents at beginning of year 113,348,000 102,007,000 60,330,000
Cash and cash equivalents at end of year 61,458,000 113,348,000 102,007,000
Supplemental disclosures:      
Cash income taxes paid 1,887,000 431,000 919,000
Cash interest paid 52,666,000 49,253,000 38,727,000
Change in cash held in trusts (1,297,000) 6,419,000 0
Non-cash transactions:      
Capital leases 140,000 773,000 595,000
Notes Receivable in exchange for shares of subsidiary 0 1,746,000 0
Dividends Payable 912,000 1,347,000 1,793,000
6.75% Notes      
Cash flows (used in) provided by financing activities:      
Proceeds from issuance of notes 0 78,937,000 664,125,000
11% Notes      
Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities:      
Loss on redemption of Notes 0 0 50,385,000
Cash flows (used in) provided by financing activities:      
Repayment of 11% Notes 0 0 (425,000,000)
Premium paid on redemption of Notes 0 0 (50,385,000)
Wells Fargo Capital Finance, Llc [Member] | Revolving Credit Facility [Member]      
Cash flows (used in) provided by financing activities:      
Repayments of Lines of Credit (703,020,000) (378,985,000) (49,450,000)
Proceeds from Lines of Credit $ 703,020,000 $ 378,985,000 $ 49,450,000