Table of Contents 
  
INFOSPACE, INC. 
  
CONSOLIDATED STATEMENTS OF CASH FLOWS 
(in thousands) 
  
Years Ended December 31, 
  
   
  
2001 
2000 
1999 
  
   
     
     
  
OPERATING ACTIVITIES: 
   
    
     
    
     
    
  
Net loss 
   
$  (502,079 )    
$  (282,412 )    
$  (240,133 ) 
Adjustments to reconcile net loss to net cash provided (used) by operating activities: 
   
    
     
    
     
    
  
Depreciation and amortization 
   
  
256,067      
  
183,526      
  
47,707   
Impairment of intangibles 
   
  
107,729      
  
8,952      
  
      
Warrant and stock related revenue 
   
  
(14,024 )    
  
(22,075 )    
  
(3,168 ) 
Preferred stock dividend 
   
  
         
  
         
  
159,931   
Warrants expense 
   
  
815      
  
3,703      
  
18,468   
Stock based compensation expense 
   
  
3,402      
  
1,713      
  
2,865   
Minority interest in venture fund 
   
  
(17 )    
  
3,171      
  
      
Loss on disposal of fixed assets 
   
  
323      
  
324      
  
13   
Noncash services exchanged 
   
  
         
  
         
  
1,414   
Noncash loss on investments 
   
  
108,157      
  
858      
  
26   
Bad debt expense 
   
  
4,395      
  
7,376      
  
1,326   
Tax benefit from stock options 
   
  
         
  
         
  
4,525   
Non cash restructuring 
   
  
12,283      
    
     
    
  
Write off of in process research and development 
   
  
600      
  
80,100      
  
9,200   
Noncash other charges 
   
  
9,352      
  
         
  
      
Business acquisition costs 
   
  
         
  
43,898      
  
4,374   
Cumulative effect of change in accounting principle 
   
  
3,171      
  
2,056      
  
      
Cash provided (used) by changes in operating assets and liabilities, net of assets acquired in business combinations: 
   
    
     
    
     
    
  
Accounts receivable 
   
  
12,887      
  
(28,762 )    
  
(12,053 ) 
Other receivable 
   
  
(16,947 )    
  
7,832      
  
(14,626 ) 
Prepaid expenses and other current assets 
   
  
4,161      
  
261      
  
(9,267 ) 
Other long term assets 
   
  
2,394      
  
(782 )    
  
(91 ) 
Accounts payable 
   
  
3,713      
  
2,495      
  
860   
Accrued expenses and other liabilities 
   
  
(19,929 )    
  
(14,572 )    
  
10,135   
Deferred revenue 
   
  
(17,426 )    
  
19,116      
  
6,683   
  
   
   
   
Net cash provided (used) by operating activities 
   
  
(40,973 )    
  
16,778      
  
(11,811 ) 
INVESTING ACTIVITIES: 
   
    
     
    
     
    
  
Business and asset acquisitions, net of cash acquired 
   
  
(16,586 )    
  
(45,680 )    
  
(52,577 ) 
Minority interest contribution (purchase) in venture fund 
   
  
(16,365 )    
  
16,365      
  
      
Asset sale 
   
  
2,707      
  
         
  
      
Purchase of intangible asset 
   
  
         
  
         
  
(110 ) 
Notes receivable 
   
  
100      
  
(20,850 )    
  
      
Purchase of other investments 
   
  
(10,971 )    
  
(41,270 )    
  
(13,202 ) 
Purchase of property and equipment 
   
  
(12,007 )    
  
(44,370 )    
  
(9,079 ) 
Short and long term investments 
   
  
75,005      
  
130,244      
  
(348,299 ) 
  
   
   
   
Net cash provided (used) by investing activities 
   
  
21,883      
  
(5,561 )    
  
(423,267 ) 
FINANCING ACTIVITIES: 
   
    
     
    
     
    
  
Proceeds from stock options and warrants 
   
  
8,036      
  
37,471      
  
22,284   
Proceeds from issuance of ESPP shares 
   
  
1,563      
  
1,512      
  
394   
Proceeds (payments) from issuance of common stock, net 
   
  
         
  
(24 )    
  
476,042   
Payment for repurchase of common stock 
   
  
(22,786 )    
  
         
  
      
Payments on debt assumed from acquisitions 
   
  
(3,075 )    
  
(613 )    
  
(460 ) 
  
   
   
   
Net cash provided (used) by financing activities 
   
  
(16,262 )    
  
38,346      
  
498,260   
  
   
   
   
Net increase (decrease) in cash and cash equivalents 
   
  
(35,352 )    
  
49,563      
  
63,182   
Cash and cash equivalents, beginning of period 
   
  
153,913      
  
104,350      
  
41,168   
  
   
   
   
Cash and cash equivalents, end of period 
   
$  118,561      
$  153,913      
$  104,350   
  
   
   
   
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING 
    
  
    
  
    
  
ACTIVITIES: 
   
   
   
Acquisitions from purchase transactions: 
   
    
     
    
     
    
  
Stock issued 
   
$ 
92,473      
$  572,938      
$  253,137   
Net assets acquired 
   
  
(2,731 )    
  
(21,877 )    
  
(150 ) 
Property and equipment acquired under equipment financing and capital lease obligations 
   
  
         
  
         
  
308   
Common stock received for employee note receivable 
   
  
410      
  
         
  
      
Issuance of warrants and options for deferred services and abandoned financing 
   
  
         
  
         
  
2,665   
Compensation expense for Prio warrants 
   
  
         
  
2,888      
  
17,652   
Stock issued in exchange transaction 
   
  
         
  
         
  
169   
Stock issued for retirement of debentures 
   
  
         
  
         
  
170   
Preferred stock dividend 
   
  
         
  
         
  
159,931   
Interest paid 
   
  
         
  
         
  
132   
See notes to consolidated financial statements.  
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