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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 96,236 $ 85,610
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,989 5,976
Provision for bad debts, net 1,802 845
Non-cash stock compensation and other charges 7,306 10,262
Non-cash interest and other (income) loss 633 (3,079)
Loss on extinguishment of debt 526 0
Dividends received from equity method investments 855 316
Equity in net (income) loss of affiliates 12 (262)
Changes in assets and liabilities:    
Receivables (17,405) (15,494)
Receivable - marketing and reservation fees, net 20,811 (1,474)
Accounts payable 5,980 4,468
Accrued expenses (10,309) (10,584)
Income taxes payable/receivable 12,786 14,354
Deferred income taxes (1,627) 2,839
Deferred revenue 8,018 9,375
Other assets (7,458) (556)
Other liabilities 1,613 2,861
Net cash provided by operating activities 121,276 105,893
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in property and equipment (12,525) (8,129)
Equity method investments (9,454) (3,600)
Issuance of notes receivable (7,305) (4,320)
Collections of notes receivable 326 15
Purchases of investments, employee benefit plans (1,191) (1,051)
Proceeds from sales of investments, employee benefit plans 10,909 566
Other items, net (322) (312)
Net cash provided (used) by investing activities (19,562) (16,831)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net borrowings (repayments) pursuant to revolving credit facilities 16,725 (200)
Proceeds from issuance of long-term debt 543,500 75
Repayments of long-term debt (502) (74)
Purchase of treasury stock (22,227) (24,796)
Dividends paid (632,751) (32,923)
Excess tax benefits from stock-based compensation 793 1,108
Debt issuance costs (4,753) (2,356)
Proceeds from exercise of stock options 4,695 3,726
Net cash used by financing activities (94,520) (55,440)
Net change in cash and cash equivalents 7,194 33,622
Effect of foreign exchange rate changes on cash and cash equivalents 813 (147)
Cash and cash equivalents at beginning of period 107,057 91,259
Cash and cash equivalents at end of period 115,064 124,734
Cash payments during the period for:    
Income taxes, net of refunds 25,700 17,222
Interest 15,666 15,098
Non-cash investing and financing activities:    
Declaration of dividends 632,710 32,846
Capital lease obligation 0 1,053
Issuance of restricted shares of common stock 9,517 9,604
Issuance of treasury stock to employee stock purchase plan 0 550
Debt issuance costs $ 6,500 $ 0