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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income (loss) $ (2,795) $ (20,382)
Less: Income (loss) from discontinued operations, net of tax 0 487 [1]
Income (loss) from continuing operations (2,795) (20,869)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization of property, equipment and software 26,721 28,667
Amortization of acquired intangible assets 2,940 5,400
Stock-based compensation 19,326 19,701
Deferred income taxes (6,575) (74)
(Gain) loss from changes in fair value of investments 5,033 (303)
Impairment of investment 855 0
Amortization of debt discount on convertible senior notes 2,866 2,587
Change in assets and liabilities, net of acquisitions and dispositions:    
Accounts receivable 17,623 10,594
Prepaid expenses and other current assets 9,601 5,380
Accounts payable (8,341) (13,184)
Accrued merchant and supplier payables (143,330) (138,238)
Accrued expenses and other current liabilities (41,564) (36,040)
Other, net (2,107) (1,707)
Net cash provided by (used in) operating activities from continuing operations (119,747) (138,086)
Net cash provided by (used in) operating activities from discontinued operations 0 (1,098)
Net cash provided by (used in) operating activities (119,747) (139,184)
Investing activities    
Purchases of property and equipment and capitalized software (20,144) (14,076)
Acquisitions of intangible assets and other investing activities (238) 56
Net cash provided by (used in) investing activities from continuing operations (20,382) (14,020)
Net cash provided by (used in) investing activities from discontinued operations 0 (7,547)
Net cash provided by (used in) investing activities (20,382) (21,567)
Financing activities    
Payments for purchases of treasury stock 0 (27,234)
Taxes paid related to net share settlements of stock-based compensation awards (9,179) (8,970)
Proceeds from stock option exercises and employee stock purchase plan 2,434 2,468
Distributions to noncontrolling interest holders (3,315) (3,450)
Payments of capital lease obligations (9,024) (8,067)
Payments of contingent consideration related to acquisitions (1,815) 0
Other financing activities 0 (473)
Net cash provided by (used in) financing activities (20,899) (45,726)
Effect of exchange rate changes on cash, cash equivalents and restricted cash, including cash classified within current assets of discontinued operations 6,191 3,973
Net increase (decrease) in cash, cash equivalents and restricted cash, including cash classified within current assets of discontinued operations (154,837) (202,504)
Less: Net increase (decrease) in cash classified within current assets of discontinued operations 0 (28,866)
Net increase (decrease) in cash, cash equivalents and restricted cash (154,837) (173,638)
Cash, cash equivalents and restricted cash, beginning of period 885,481 874,906
Cash, cash equivalents and restricted cash, end of period 730,644 701,268
Non-cash investing and financing activities    
Equipment acquired under capital lease obligations 1,470 1,340
Increase (decrease) in liabilities related to purchases of property and equipment and capitalized software (1,022) (1,185)
Investments acquired in connection with business dispositions $ 0 $ 2,022
[1] (1)The income (loss) from discontinued operations before loss on dispositions and provision for income taxes for the three months ended March 31, 2017 includes the results of each business through its respective disposition date.