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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income (loss) $ 1,988 $ 26,627 $ (183,323)
Less: Income (loss) from discontinued operations, net of tax 0 (1,974) [1],[2] (17,114) [1]
Income (loss) from continuing operations 1,988 28,601 (166,209)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization of property, equipment and software 101,330 114,795 116,961
Amortization of acquired intangible assets 14,498 23,032 18,948
Stock-based compensation 64,821 82,044 115,123
Gain on business dispositions 0 0 (11,399)
Gain on sale of intangible assets 0 (17,149) 0
Gain on sale of intangible assets 0 (7,624) 0
Restructuring-related long-lived asset impairment 0 0 328
Impairments of investments 10,156 2,944 0
Deferred income taxes (5,000) 603 (10,448)
(Gain) loss, net from changes in fair value of contingent consideration 0 0 4,092
(Gain) loss from changes in fair value of investments 9,064 (382) 48,141
Amortization of debt discount on convertible senior notes 11,916 10,758 7,376
Change in assets and liabilities, net of acquisitions and dispositions:      
Accounts receivable 32,057 (18,793) (16,584)
Prepaid expenses and other current assets 7,166 4,074 35,043
Accounts payable 5,805 (199) 5,121
Accrued merchant and supplier payables (45,268) (29,823) 26,729
Accrued expenses and other current liabilities (31,430) (40,361) (32,124)
Other, net 13,752 (21,975) (10,853)
Net cash provided by (used in) operating activities from continuing operations 190,855 130,545 130,245
Net cash provided by (used in) operating activities from discontinued operations 0 (2,418) (11,823)
Net cash provided by (used in) operating activities 190,855 128,127 118,422
Investing activities      
Purchases of property and equipment and capitalized software (69,695) (59,158) (68,287)
Cash derecognized upon dispositions of subsidiaries 0 0 (1,128)
Proceeds from sale of intangible assets 1,500 18,333 0
Proceeds from sales and maturities of investments 8,594 16,561 1,685
Acquisitions of businesses, net of acquired cash (58,119) 0 14,539
Acquisitions of intangible assets and other investing activities (18,262) (1,059) (2,395)
Net cash provided by (used in) investing activities from continuing operations (135,982) (25,323) (55,586)
Net cash provided by (used in) investing activities from discontinued operations 0 (9,548) (1,900)
Net cash provided by (used in) investing activities (135,982) (34,871) (57,486)
Financing activities      
Proceeds from issuance of convertible senior notes 0 0 250,000
Issuance costs for convertible senior notes and revolving credit agreement 0 0 (8,147)
Purchase of convertible note hedges 0 0 (59,163)
Proceeds from issuance of warrants 0 0 35,495
Payments for purchases of treasury stock (9,585) (61,233) (165,357)
Taxes paid related to net share settlements of stock-based compensation awards (24,105) (27,681) (29,777)
Proceeds from stock option exercises and employee stock purchase plan 5,715 5,513 4,978
Distributions to noncontrolling interest holders (12,576) (12,357) (11,811)
Payments of capital lease obligations (33,023) (34,025) (30,598)
Payments of contingent consideration related to acquisitions (1,815) (7,790) (285)
Payment of financing obligation related to acquisition (8,391) 0 0
Other financing activities (637) (473) 0
Net cash provided by (used in) financing activities (84,417) (138,046) (14,665)
Effect of exchange rate changes on cash, cash equivalents and restricted cash, including cash classified within current assets of discontinued operations (11,209) 26,499 (6,718)
Net increase (decrease) in cash, cash equivalents and restricted cash, including cash classified within current assets of discontinued operations (40,753) (18,291) 39,553
Less: Net increase (decrease) in cash classified within current assets of discontinued operations 0 (28,866) (186)
Net increase (decrease) in cash, cash equivalents and restricted cash (40,753) 10,575 39,739
Cash, cash equivalents and restricted cash, beginning of period 885,481 874,906 835,167
Cash, cash equivalents and restricted cash, end of period 844,728 885,481 874,906
Supplemental disclosure of cash flow information      
Income tax payments (refunds) 2,781 8,646 (7,208)
Cash paid for interest 9,556 9,425 1,185
Non-cash investing and financing activities      
Equipment acquired under capital lease obligations 18,064 28,271 21,611
Leasehold improvements funded by lessor 557 402 4,990
Liability for purchases of treasury stock 456 0 1,207
Increase (decrease) in liabilities related to purchases of property and equipment and capitalized software (482) (972) (3,855)
Investments acquired in connection with business dispositions 0 2,022 13,507
Contingent consideration liability incurred in connection with acquisition of business 1,529 0 0
Discontinued Operations      
Supplemental disclosure of cash flow information      
Income tax payments (refunds) $ 0 $ (56) $ 2,953
[1] (1)The loss from discontinued operations before gain (loss) on dispositions and provision for income taxes for the years ended December 31, 2017 and 2016 includes the results of each business through its respective disposition date.
[2] (2)Selling, general and administrative expense from discontinued operations for the year ended December 31, 2017 includes increases to contingent liabilities under indemnification agreements. See Note 10, Commitments and Contingencies, for additional information about the indemnification liabilities.