XML 68 R6.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) / income $ (20,183) $ 118,798
Adjustments to reconcile net (loss) / income to net cash generated from / (used in) operating activities:    
Loss from discontinued operations (Note 2) 0 (213,697)
Depreciation and amortization 194,350 170,486
Loss on extinguishment of debt 24,979 [1] 0 [1]
Loss on disposal of fixed assets 709 46
Stock-based compensation (Note 14) 3,104 3,192
Change in fair value of derivatives (Note 12) (1,121) 1,032
Foreign currency exchange (gain) / loss, net (47,371) 38,167
Net change in (net of effects of acquisitions and disposals of businesses):    
Accounts receivable 7,360 (11,671)
Accounts payable and accrued liabilities (5,603) 4,390
Program rights (165,537) (131,244)
Other assets 3,463 10,884
Income taxes payable 2,514 (117)
Deferred revenue 30,495 (8,126)
Deferred taxes (3,321) (5,647)
VAT and other taxes payable 5,212 502
Net cash generated from / (used in) continuing operating activities 29,050 (23,005)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (14,321) (17,015)
Disposal of property, plant and equipment 94 27
Investments in subsidiaries, net of cash acquired (8,847) (416,708)
Net cash used in continuing investing activities (23,074) (433,696)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repuchase of Senior Notes (26,252) 0
Payment on exchange of Convertible Notes (31,576) 0
Debt issuance costs (1,982) 0
Proceeds from credit facilities 13,194 183,222
Payment of credit facilities and capital leases (13,181) (141,959)
Acquisition of noncontrolling interests 0 (6,467)
Proceeds from exercise of stock options 242 0
Excess tax benefits from stock-based compensation arrangements 0 239
Dividends paid to holders of noncontrolling interests (200) (99)
Net cash (used in)/received from continuing financing activities (59,755) 34,936
NET CASH USED IN DISCONTINUED OPERATIONS - OPERATING ACTIVITIES 0 (5,921)
NET CASH GENERATED FROM DISCONTINUED OPERATIONS - INVESTING ACTIVITIES 0 307,790
Impact of exchange rate fluctuations on cash 7,234 (10,801)
Net decrease in cash and cash equivalents (46,545) (130,697)
CASH AND CASH EQUIVALENTS, beginning of period 244,050 445,954
CASH AND CASH EQUIVALENTS, end of period $ 197,505 $ 315,257
[1] (1) See Note 5 “Long-Term Debt and Other Financing Arrangements” for detail of the loss on extinguishment of debt.