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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
OPERATING ACTIVITIES:      
Net income $ 1,059,131 $ 528,142 $ 489,472
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 20,648 16,209 14,491
Amortization 33,176 34,255 24,702
Provision for uncollectible accounts, net 9,331 7,102 3,227
Reversal of valuation allowances on deferred tax assets 0 0 (183,272)
Other deferred income taxes 44,747 37,540 30,990
Stock-based compensation and other stock based payments 66,194 68,396 40,671
Amortization of debt issuance costs 2,360 3,332 2,465
Amortization of debt discount 21,414 20,110 18,203
Loss on early extinguishment of debt 32 11,334 1,048
Equity in income of investees 0 0 (2)
Changes in assets and liabilities:      
Accounts receivable (125,793) (29,275) (22,767)
Prepaid expenses and other current assets 12,213 (22,373) (979)
Accounts payable, accrued expenses and other current liabilities 210,325 84,750 86,792
Other (11,966) 17,775 4,624
Net cash provided by operating activities 1,341,812 777,297 509,665
INVESTING ACTIVITIES:      
Purchase of investments (3,005,397) (1,813,032) (922,163)
Proceeds from sale of investments 2,229,563 1,071,669 432,184
Additions to property and equipment (46,833) (22,593) (15,106)
Acquisitions and other equity investments, net of cash acquired (68,192) (112,405) (1,500)
Proceeds from redemption of equity investment in pricelinemortgage.com 0 0 8,921
Proceeds from foreign currency contracts 31,045 44,564 0
Payments on foreign currency contracts (42,032) (9,561) (5,025)
Change in restricted cash (2,922) 260 1,229
Net cash used in investing activities (904,768) (841,098) (501,460)
FINANCING ACTIVITIES:      
Proceeds from the issuance of convertible senior notes 0 575,000 0
Payment of debt issuance costs 0 (13,334) 0
Payments related to conversion of senior notes (213) (295,401) (197,122)
Repurchase of common stock (163,171) (129,445) (17,415)
Payments to purchase subsidiary shares from noncontrolling interests (12,986) 0 0
Proceeds from the sale of subsidiary shares to noncontrolling interests 0 4,311 0
Proceeds from exercise of stock options 4,302 25,751 43,428
Proceeds from the termination of conversion spread hedges 0 42,984 0
Excess tax benefit from stock-based compensation 21,041 3,091 2,149
Net cash (used in) provided by financing activities (151,027) 212,957 (168,960)
Effect of exchange rate changes on cash and cash equivalents (12,148) 7,670 (1,654)
Net increase (decrease) in cash and cash equivalents 273,869 156,826 (162,409)
Cash and cash equivalents, beginning of period 358,967 202,141 364,550
Cash and cash equivalents, end of period 632,836 358,967 202,141
SUPPLEMENTAL CASH FLOW INFORMATION:      
Cash paid during the period for income taxes 232,762 169,320 95,512
Cash paid during the period for interest 7,573 4,901 4,448
Non-cash fair value increase for redeemable noncontrolling interests $ 91,743 $ 7,876 $ 0