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Consolidated Statements Of Cash Flows (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating Activities:        
Net income $ 21,753,000 $ 46,857,000 $ 44,928,000 $ 69,461,000
Adjustments to reconcile net income to net cash flows from operating activities:        
Depreciation and other 49,154,000 47,617,000 98,258,000 94,509,000
Amortization of Intangible Assets 3,847,000 1,877,000 7,695,000 3,894,000
Share-based payments expense 3,079,000 3,843,000 6,844,000 8,680,000
Windfall excess tax benefits related to share-based payments (243,000) (960,000) (1,953,000) (3,029,000)
Deferred income taxes (5,440,000) (47,327,000) (15,004,000) (36,911,000)
Impairment expense 0 130,000 0 [1] 2,676,000
Loss from equity method investments, net 10,541,000 9,629,000 19,909,000 16,654,000
Amortization of deferred financing fees and debt discount 1,216,000 1,824,000 2,522,000 4,047,000
Loss from early extinguishment of debt 1,963,000 4,011,000 1,963,000 5,949,000
Other (1,040,000) (482,000) (1,164,000) (1,811,000)
Cash flows from changes in operating assets and liabilities:        
Accounts receivable, net 11,283,000 (4,955,000) 5,331,000 (2,650,000)
Content library 27,505,000 (16,700,000) 47,486,000 4,912,000
Prepaid expenses and other current assets (24,952,000) (2,690,000) 22,003,000 (10,611,000)
Other assets 599,000 388,000 1,036,000 902,000
Accounts payable (43,605,000) (40,389,000) (70,995,000) (55,458,000)
Accrued payable to retailers 8,762,000 14,424,000 (6,723,000) (273,000)
Other accrued liabilities (1,589,000) 13,077,000 (4,716,000) (14,763,000)
Net cash flows from operating activities 62,833,000 [1] 30,174,000 [1] 157,420,000 [1] 86,178,000 [1]
Investing Activities:        
Purchases of property and equipment (26,076,000) (36,111,000) (53,016,000) (84,244,000)
Proceeds from sale of property and equipment 962,000 12,700,000 1,793,000 12,832,000
Net sales (purchases) of short term investments 0 43,000,000 0 (10,000,000)
Receipt of note receivable principal 0 0 0 95,000
Cash paid for equity investments 0 0 (10,500,000) (14,000,000)
Net cash flows used in investing activities (25,114,000) [1] 19,589,000 [1] (61,723,000) [1] (95,317,000) [1]
Financing Activities:        
Proceeds from issuance of senior unsecured notes 295,500,000 0 295,500,000 343,769,000
Proceeds from new borrowing on Credit Facility 230,000,000 0 505,000,000 0
Principal payments on Credit Facility (505,000,000) (3,281,000) (534,375,000) (6,562,000)
Financing costs associated with Credit Facility and senior unsecured notes (2,082,000) (142,000) (2,082,000) (444,000)
Conversion of convertible debt (17,720,000) (107,179,000) (17,724,000) (169,634,000)
Repurchases of common stock(2) (53,413,000) [2] (24,906,000) [2] (474,480,000) [2] (71,388,000) [2]
Principal payments on capital lease obligations and other debt (3,384,000) (4,200,000) (7,081,000) (7,451,000)
Windfall excess tax benefits related to share-based payments 243,000 960,000 1,953,000 3,029,000
Withholding tax paid on vesting of restricted stock net of proceeds from exercise of stock options 563,000 5,652,000 (1,025,000) 6,745,000
Net cash flows from (used in) financing activities (55,293,000) [1] (133,096,000) [1] (234,314,000) [1] 98,064,000 [1]
Effect of exchange rate changes on cash (746,000) 126,000 406,000 (1,574,000)
Increase (decrease) in cash and cash equivalents (18,320,000) (83,207,000) (138,211,000) 87,351,000
Cash and cash equivalents:        
Beginning of period 251,546,000 453,452,000 371,437,000 282,894,000
End of period 233,226,000 370,245,000 233,226,000 370,245,000
Supplemental disclosure of cash flow information:        
Cash paid during the period for interest 3,198,000 1,502,000 17,210,000 5,910,000
Cash paid during the period for income taxes, net 32,853,000 44,193,000 9,189,000 44,998,000
Supplemental disclosure of non-cash investing and financing activities:        
Purchases of property and equipment financed by capital lease obligations 2,467,000 2,160,000 5,513,000 5,615,000
Purchases of property and equipment included in ending accounts payable 1,724,000 9,460,000 1,724,000 9,460,000
Common stock issued on conversion of callable convertible debt 12,715,000 14,278,000 12,715,000 14,278,000
Non-cash debt issue costs 6,069,000 [3] 0 [3] 6,069,000 [3] 6,231,000 [3]
Additional cash flow information        
Repurchases of common stock (50,000,000)   (474,569,000)  
Debt discount 9,833,000   9,833,000  
Deferred financing fees $ 5,577,000   $ 5,577,000  
[1] During 2013, we discontinued four ventures previously included in our New Ventures operating segment, Orango, Rubi, Crisp Market, and Star Studio. Cash flows from these discontinued operations are not segregated from cash flows from continuing operations in all periods presented because they were not material.
[2] The total cost of repurchases of common stock during the three and six months ended June 30, 2014 was $50.0 million and $474.6 million, respectively, which includes $3.8 million in fees and expenses relating to the tender offer recorded as part of the cost of treasury stock in our Consolidated Balance Sheets. See Note 10: Repurchases of Common Stock for more information.
[3] 2014 Non-cash debt issue costs includes $4.5 million of debt discount and $1.5 million in deferred financing fees associated with our issuance of $300.0 million senior unsecured notes due 2021 and $0.1 million of deferred financing fees associated with the refinancing of our credit facility.