v2.4.0.8
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash flows from operating activities attributable to continuing operations:      
Net earnings $ 283,725 $ 160,796 $ 171,577
Less: earnings (loss) from discontinued operations, net of tax 1,926 (9,051) (3,992)
Earnings from continuing operations 281,799 169,847 175,569
Adjustments to reconcile earnings from continuing operations to net cash provided by operating activities attributable to continuing operations:      
Non-cash compensation expense 53,005 85,625 88,588
Depreciation 58,909 52,481 56,719
Amortization of intangibles 59,843 35,771 22,057
Impairment of long-term investments 5,268 8,685   
Excess Tax Benefit from Share-based Compensation (32,891) (57,101) (22,166)
Deferred income taxes (9,096) 37,076 (35,483)
Equity in losses of unconsolidated affiliates 6,615 25,345 36,300
Acquisition-related contingent consideration fair value adjustments 343 0 0
Gain on sales of long-term investments (35,856) (3,326) (1,974)
Gain on sales of assets (14,752) (250) (1,338)
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable 10,421 (30,991) (58,314)
Other assets (34,632) (22,991) 1,287
Accounts payable and other current liabilities (766) (14,384) 57,228
Income taxes payable 49,191 47,010 (7,048)
Deferred revenue (5,841) 1,864 48,950
Other, net 19,401 19,866 12,011
Net cash provided by operating activities attributable to continuing operations 410,961 354,527 372,386
Cash flows from investing activities attributable to continuing operations:      
Acquisitions, net of cash acquired (40,690) (411,035) (278,469)
Capital expenditures (80,311) (51,201) (39,954)
Proceeds from maturities and sales of marketable debt securities 12,502 195,501 584,935
Purchases of marketable debt securities    (53,952) (203,970)
Proceeds from sales of long-term investments 69,968 14,194 15,214
Purchases of long-term investments (51,080) (36,094) (90,245)
Other, net 9,594 (9,501) (12,697)
Net cash used in investing activities attributable to continuing operations (80,017) (352,088) (25,186)
Cash flows from financing activities attributable to continuing operations:      
Proceeds from issuance of long-term debt 500,000 500,000   
Principal payments on long-term debt (15,844) 0 0
Purchase of treasury stock (264,214) (691,830) (507,765)
Dividends (79,189) (68,163) (10,668)
Issuance of common stock, net of withholding taxes (5,077) 262,841 132,785
Excess tax benefits from stock-based awards 32,891 57,101 22,166
Purchase of noncontrolling Interests (67,947) (4,891) (3,843)
Funds transferred to escrow for Meetic tender offer (71,512) 0 0
Debt issuance Costs (7,399) (11,001) 0
Other, net (3,787) 244 (4,908)
Net cash provided by (used in) financing activities attributable to continuing operations 17,922 44,301 (372,233)
Total cash used in continuing operations 348,866 46,740 (25,033)
Total cash used in discontinued operations (1,877) (3,472) (8,417)
Effect of exchange rate changes on cash and cash equivalents 3,478 2,556 (4,496)
Net increase (decrease) in cash and cash equivalents 350,467 45,824 (37,946)
Cash and cash equivalents at beginning of period 749,977 704,153 742,099
Cash and cash equivalents at end of period $ 1,100,444 $ 749,977 $ 704,153