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Consolidated Statements Of Cash Flows (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Operating Activities:        
Net income $ 17,890,000 $ 82,656,000 $ 62,818,000 $ 152,117,000
Adjustments to reconcile net income to net cash flows from operating activities:        
Depreciation and other 47,898,000 49,664,000 146,156,000 144,173,000
Amortization of intangible assets 3,671,000 3,191,000 11,366,000 7,085,000
Share-based payments expense 3,249,000 2,774,000 10,093,000 11,454,000
Windfall excess tax benefits related to share-based payments (35,000) (318,000) (1,988,000) (3,347,000)
Deferred income taxes (2,404,000) 24,813,000 (17,408,000) (12,098,000)
Impairment expense 0 2,586,000 0 5,262,000
Loss (income) from equity method investments, net 11,352,000 (57,934,000) 31,261,000 (41,280,000)
Amortization of deferred financing fees and debt discount 901,000 1,158,000 3,423,000 5,205,000
Loss from early extinguishment of debt 55,000 1,000 2,018,000 5,950,000
Other (313,000) 2,831,000 (1,477,000) 1,020,000
Cash flows from changes in operating assets and liabilities:        
Accounts receivable, net 12,133,000 2,344,000 17,464,000 (306,000)
Content library 1,314,000 4,534,000 48,800,000 9,446,000
Prepaid expenses and other current assets 1,044,000 (20,845,000) 23,047,000 (31,456,000)
Other assets 611,000 (633,000) 1,647,000 269,000
Accounts payable (26,011,000) (14,722,000) (97,006,000) (70,180,000)
Accrued payable to retailers (21,099,000) (9,368,000) (27,822,000) (9,641,000)
Other accrued liabilities (629,000) (11,789,000) (5,345,000) (26,552,000)
Net cash flows from operating activities 49,627,000 [1] 60,943,000 [1] 207,047,000 [1] 147,121,000 [1]
Investing Activities:        
Purchases of property and equipment (19,295,000) (39,102,000) (72,311,000) (123,346,000)
Proceeds from sale of property and equipment 42,000 56,000 1,835,000 12,888,000
Sales of short term investments 0 10,000,000 0 0
Acquisition of ecoATM, net of cash acquired 0 244,036,000 0 244,036,000
Receipt of note receivable principal 0 0 0 95,000
Cash paid for equity investments (14,000,000) (14,000,000) (24,500,000) (28,000,000)
Net cash flows used in investing activities (33,253,000) [1] (287,082,000) [1] (94,976,000) [1] (382,399,000) [1]
Financing Activities:        
Proceeds from issuance of senior unsecured notes 0 0 295,500,000 343,769,000
Proceeds from new borrowing on Credit Facility 130,000,000 150,000,000 635,000,000 150,000,000
Principal payments on Credit Facility (86,875,000) (54,376,000) (621,250,000) (60,938,000)
Financing costs associated with Credit Facility and senior unsecured notes (824,000) [2] 0 (2,906,000) [2] (444,000)
Settlement and conversion of convertible debt (33,425,000) (30,000) (51,149,000) (169,664,000)
Repurchases of common stock (70,598,000) [3] (23,616,000) (545,078,000) [3] (95,004,000)
Principal payments on capital lease obligations and other debt (3,516,000) (3,373,000) (10,597,000) (10,824,000)
Windfall excess tax benefits related to share-based payments 35,000 318,000 1,988,000 3,347,000
Withholding tax paid on vesting of restricted stock net of proceeds from exercise of stock options (59,000) 1,018,000 (1,084,000) 7,763,000
Net cash flows from (used in) financing activities (65,262,000) [1] 69,941,000 [1] (299,576,000) [1] 168,005,000 [1]
Effect of exchange rate changes on cash 563,000 1,183,000 969,000 (391,000)
Decrease in cash and cash equivalents (48,325,000) (155,015,000) (186,536,000) (67,664,000)
Cash and cash equivalents:        
Beginning of period 233,226,000 370,245,000 371,437,000 282,894,000
End of period 184,901,000 215,230,000 184,901,000 215,230,000
Supplemental disclosure of cash flow information:        
Cash paid during the period for interest 12,614,000 13,284,000 29,824,000 19,194,000
Cash paid during the period for income taxes, net 14,594,000 9,999,000 23,783,000 54,997,000
Supplemental disclosure of non-cash investing and financing activities:        
Purchases of property and equipment financed by capital lease obligations 1,901,000 1,128,000 7,414,000 6,743,000
Purchases of property and equipment included in ending accounts payable 5,869,000 8,188,000 5,869,000 8,188,000
Non-cash gain included in equity investments 0 68,376,000 0 68,376,000
Common stock issued on conversion of callable convertible debt, net of tax 14,057,000 14,000 24,255,000 14,292,000
Non-cash debt issue costs 0 0 4,500,000 [2] 6,231,000
Additional cash flow information        
Debt Instrument, Unamortized Discount 9,218,000   9,218,000  
Principal 1,008,125,000   1,008,125,000  
Payments of Financing Costs 824,000 [2] 0 2,906,000 [2] 444,000
Debt discount 800,000   800,000  
Repurchases of common stock (70,587,000)   (545,156,000)  
Accrued Professional Fees $ 100,000   $ 100,000  
[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] Total financing costs associated with the Credit Facility and senior unsecured notes issued in the second quarter of 2014 were $8.2 million composed of non-cash debt issue costs of $4.5 million recorded as debt discount associated with our issuance of $300.0 million senior unsecured notes due 2021, $1.5 million in deferred financing fees associated with the senior unsecured notes, and $2.2 million in deferred financing fees associated with the refinancing of our credit facility. The cash payments for financing costs associated with the Credit Facility and senior unsecured notes during the three and nine months ended September 30, 2014 were $0.8 million and $2.9 million, respectively. The remaining accrued balance of the total financing cost as of September 30, 2014 was $0.8 million.
[3] The total cost of repurchases of common stock during the three and nine months ended September 30, 2014 was $70.6 million and $545.2 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. The cash payments for the tender offer fees during the three and nine months ended September 30, 2014 was $0.01 million and $3.7 million, respectively. The remaining accrued balance of the tender offer fees as of September 30, 2014 is $0.1 million.