| | | Cash Flow Statement | WWE (NYSE - WWE)
| | | 2009 Y | 2010 Y | 2011 Y | 2012 Y | 2013 Q1 YTD | | Source Document | 12/31/2011 | 12/31/2012 | 12/31/2012 | 12/31/2012 | 3/31/2013 | | Currency Code | USD | USD | USD | USD | USD | | (in thousands) | | | | | | | | | | | | | |
| Net income | 50,303 | 53,452 | 24,832 | 31,432 | 3,034 | | Adjustments to reconcile net income to net cash (used in)/provided by operating activities | | Amortization and impairments of feature film production assets | 3,916 | 13,000 | 39,742 | 8,799 | 6,074 | | Depreciation and amortization | 14,424 | 11,707 | 14,980 | 20,024 | 5,232 | | Realized gains on sales of investments | (1,022) | (53) | (142) | (196) | NA | | Amortization of bond premium | 952 | 1,827 | 2,580 | 2,270 | 538 | | Amortization of debt issuance costs | 0 | 0 | 205 | 614 | 154 | | Stock-based compensation | 7,389 | 7,579 | 2,868 | 3,845 | 1,215 | | Revaluation of warrants | 1,050 | (610) | 0 | 0 | NA | | (Recovery from) provision for doubtful accounts | 8,558 | 774 | (692) | 2,483 | (316) | | Services provided in exchange for equity instruments | NA | 0 | 0 | (439) | (220) | | Loss on disposal of property and equipment | 0 | 0 | 1,376 | 63 | 425 | | Provision (benefit) for deferred income taxes | 672 | (2,410) | (6,424) | 6,183 | 456 | | Excess tax benefits from stock-based payment arrangements | (133) | (2,758) | (122) | (7) | 0 | | Cash (used in)/provided by changes in operating assets and liabilities | | Accounts receivable | (11,158) | 9,908 | (1,915) | 4,560 | (3,676) | | Inventory | 2,776 | 95 | 429 | (112) | (1,327) | | Prepaid expenses and other assets | 18,864 | (14,645) | 4,770 | (2,658) | (2,468) | | Feature film production assets | (9,942) | (32,535) | (7,097) | (8,905) | (769) | | Accounts payable | 2,948 | NA | NA | NA | NA | | Television production assets | NA | 0 | (251) | (6,080) | (638) | | Accounts payable and accrued expenses | 12,081 | (17,601) | (3,692) | 2,507 | (8,090) | | Deferred income | 14,729 | 12,074 | (8,261) | (1,332) | (5,521) | | Net cash (used in)/provided by operating activities | 116,407 | 39,804 | 63,186 | 63,051 | (5,897) | |
| Purchases of property and equipment and other assets | (5,525) | (12,314) | (27,956) | (33,890) | (4,944) | | Proceeds from infrastructure improvement incentives | 0 | 4,130 | 0 | 0 | NA | | Purchases of short-term investments | (54,593) | (96,751) | (47,904) | (19,177) | (8,999) | | Proceeds from sales and maturities of investments | 53,687 | 64,553 | 45,148 | 45,191 | 8,785 | | Purchase of cost method investment | NA | 0 | 0 | (5,000) | NA | | Net cash used in investing activities | (6,431) | (40,382) | (30,712) | (12,876) | (5,158) | |
| Repayment of long-term debt | (1,002) | (1,082) | (1,169) | (1,621) | 0 | | Debt issuance costs | 0 | 0 | (1,843) | 0 | NA | | Dividends paid | (82,269) | (83,643) | (47,809) | (35,815) | (8,977) | | Proceeds from exercise of stock options | 2,340 | 1,562 | 0 | 0 | NA | | Issuance of stock, net | 951 | 1,022 | 893 | 811 | 262 | | Excess tax benefits from stock-based payment arrangements | 133 | 2,758 | 122 | 7 | 0 | | Net cash used in financing activities | (79,847) | (79,383) | (49,806) | (36,618) | (8,715) | | NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 30,129 | (79,961) | (17,332) | 13,557 | (19,770) | | CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 119,655 | 149,784 | 69,823 | 52,491 | 66,048 | | CASH AND CASH EQUIVALENTS, END OF PERIOD | 149,784 | 69,823 | 52,491 | 66,048 | 46,278 | |
| Cash paid for income taxes, net of refunds | 10,870 | 31,047 | 12,058 | 7,158 | NA | | Cash paid for interest | 341 | 261 | 410 | 815 | NA | |
| Non-cash purchase of property and equipment and other assets | 0 | 0 | 5,302 | 1,415 | 1,779 |
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