v2.4.0.6
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities    
Net (loss) income $ 29,016 $ (238,083)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 39,836 22,754
Share-based compensation 77,706 60,922
Deferred income taxes 9,608 602
Excess tax benefit on stock based compensation (24,620) (11,323)
Loss on equity method investees 8,694 19,974
Acquisition-related (benefit) expense, net 744 (4,793)
Gain on redemption of common stock 0 (4,916)
Gain on E-Commerce transaction (56,032) 0
Change in assets and liabilities, net of acquisitions:    
Restricted cash (1,855) (8,141)
Accounts receivable (2,189) (69,690)
Prepaid expenses and other current assets (24,937) (41,023)
Accounts payable 13,174 (21,924)
Accrued merchant payables 53,889 314,872
Accrued expenses and other current liabilities 68,010 108,963
Other, net 10,073 (6,824)
Net cash provided by operating activities 201,117 121,370
Investing activities    
Purchases of property and equipment and software capitalization (55,802) (29,825)
Acquisitions of businesses, net of acquired cash (44,790) (12,553)
Purchases of intangible assets (10) (15,072)
Purchases of additional interests in consolidated subsidiaries (8,527) (34,887)
Purchases of cost and equity method investments (33,097) (20,189)
Net cash used in investing activities (142,226) (112,526)
Financing activities    
Proceeds from issuance of stock, net of issuance costs 0 509,829
Excess tax benefit on stock-based compensation 24,620 11,323
Tax withholdings related to net shares settlements of restricted stock units (7,586) 0
Payments of contingent acquisition liability (4,250) 0
Repayments of loans with related parties 0 (14,358)
Repurchase of common stock 0 (353,550)
Proceeds from exercise of stock options 8,868 2,269
Partnership distributions to noncontrolling interest holders (3,062) 0
Redemption of preferred stock 0 (35,221)
Net cash provided by financing activities 18,590 120,292
Effect of exchange rate changes on cash and cash equivalents 595 (4,034)
Net increase in cash and cash equivalents 78,076 125,102
Cash and Cash Equivalents, beginning of the period 1,122,935 118,833
Cash and Cash Equivalents, end of the period 1,201,011 243,935
Non-cash investing activity    
Issuance of common stock in connection with acquisitions 0 11,067
Contingent consideration in connection with acquisitions 2,521 17,755
Issuance of non-voting common stock in connection with investments in equity interests 0 45,218
Stock issued in exchange for additional interests in consolidates subsidiaries 527 10,400
Contribution of investment in E-Commerce transaction $ 47,042 $ 0