Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (5,172) $ (64,668)
Reconciling items:    
Depreciation 59,410 59,691
Amortization 105,443 114,281
Deferred income tax benefit (6,305) (6,946)
Amortization of debt issuance costs and discount/premium, net 10,421 6,881
Non-cash compensation expense 14,119 17,919
Gain on disposal of operating assets (33,796) (195)
Equity in earnings of nonconsolidated affiliates (5,211) (5,682)
Other, net 1,468 (1,773)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable (205,361) (103,344)
Increase in prepaid expenses (230,247) (305,090)
Increase in other assets (65,252) (62,284)
Increase in accounts payable, accrued expenses and other liabilities 152,384 94,717
Increase in deferred revenue 588,446 566,621
Net cash provided by operating activities 380,347 310,128
CASH FLOWS FROM INVESTING ACTIVITIES    
Distributions from nonconsolidated affiliates 2,740 703
Investments made in nonconsolidated affiliates (3,032) (2,858)
Purchases of property, plant and equipment (76,685) (62,785)
Proceeds from disposal of operating assets, net of cash divested 81,070 5,648
Cash paid for acquisitions, net of cash acquired (23,766) (68,093)
Purchases of intangible assets (17) (11,469)
(Increase) decrease other, net (1,052) 297
Net cash used in investing activities (20,742) (138,557)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net of debt issuance costs 89,369 58,270
Payments on long-term debt (106,388) (44,222)
Contributions from noncontrolling interests 267 130
Distributions to noncontrolling interests (1,936) (8,189)
Proceeds from exercise of stock options 73,449 859
Payments for deferred and contingent consideration (750) (10,585)
Net cash provided by (used in) financing activities 54,011 (3,737)
Effect of exchange rate changes on cash and cash equivalents (29,411) (7,048)
Net increase in cash and cash equivalents 384,205 160,786
Cash and cash equivalents at beginning of period 1,001,055 844,253
Cash and cash equivalents at end of period $ 1,385,260 $ 1,005,039