Investing Activities. Cash provided by investing activities during the year ended December 31, 2014 of $2.1 million was primarily attributed to $3.1 million net sale of investments. Capital expenditures for the year ended December 31, 2014 consisted of $1.0 million for property, software and equipment acquired during 2014. Cash provided by investing activities during the year ended December 31, 2013 of $1.9 million was primarily attributed to $6.2 million net sale of investments. Capital expenditures for the year ended December 31, 2013 consisted of $4.2 million for property, software and equipment acquired during 2013.
Investing Activities. (842,494) ----------- 4,722,881 ----------- 1,368,853 ------------ Proceeds from investments.............. 6,250,000 6,690,000 21,782,431 Purchases of investments............... (2,150,029) (7,422,252) (15,012,556) Notes receivable....................... (2,799,086) (1,001,593) -- Purchases of property and equipment.... (788,168) (1,197,532) (1,120,552) Payments for intangible assets......... (245,694) ----------- (120,264) ----------- (316,527) ------------ Net cash provided by (used in) investing activities............... 267,023 (3,051,641) 5,332,796 FINANCING ACTIVITIES: Payments of long-term debt, Capital ----------- ----------- ------------ lease obligations and notes payable... (16,497) (14,070) (306,403) Proceeds from issuance of common stock, net................................... 25,037 25,221 24,124 Net cash provided by (used in) ----------- ----------- ------------ financing activities............... 8,540 11,151 (282,279) EFFECT OF EXCHANGE RATE CHANGES ON ----------- ----------- ------------ CASH................................... (223,823) (161,035) (1,095,064) (DECREASE) INCREASE IN CASH AND CASH ----------- ----------- ------------ EQUIVALENTS............................ (790,754) 1,521,356 5,324,306 CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD................................. 8,029,318 6,507,962 1,183,656 CASH AND CASH EQUIVALENTS, END OF ----------- ----------- ------------ PERIOD................................. $ 7,238,564 $ 8,029,318 $ 6,507,962 =========== =========== ============ See accompanying notes to consolidated financial statements. FARO TECHNOLOGIES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2001, 2000 AND 1999
Investing Activities. Cxxx used in investing activities in the six months ended June 30, 2015 of $0.3 million was attributed to $0.4 million purchase of intangible assets partially offset by $0.1 million in net proceeds from the sale of investments. Cxxx provided by investing activities in the six months ended June 30, 2014 of $1.7 million was attributed to $2.1 million net proceeds from the sale of investments partially offset by a $0.4 million in purchases of property and equipment.
Investing Activities. The Company utilized $936.7 million in funds, net of cash acquired, for acquisitions and investments in businesses, including the Allied, HAI and Merit acquisitions, during the six months ended March 31, 1998. In addition, the Company paid approximately $5.9 million of Crescent Transaction costs during the six months ended March 31, 1998. The Company expects to fund an additional $15 million for transaction costs and construction costs related to the Crescent Transactions and transaction costs related to Allied, HAI and Merit during the remainder of fiscal 1998. FINANCING ACTIVITIES. The Company borrowed approximately $126.8 million, net of issuance costs, in the first quarter of fiscal 1997, primarily to refinance its then existing credit agreement. The Company borrowed approximately $1.2 billion during the six months ended March 31, 1998 primarily to fund the Transactions. Also, the Company extinguished the Old Notes for approximately $418.4 million during the six months ended March 31, 1998. The Company repurchased approximately 545,000 shares of its common stock for approximately $12.5 million during the six months ended March 31, 1998. As of March 31, 1998, the Company had approximately $102.5 million of availability under the Revolving Facility of the New Credit Agreement. The Company was in compliance with all debt covenants as of March 31, 1998. OUTLOOK--LIQUIDITY AND CAPITAL RESOURCES The interest payments on the New Notes and interest and principal payments on indebtedness outstanding pursuant to the New Credit Agreement represent significant liquidity requirements for the Company. The Company believes that the operating cash flows generated from its businesses will provide the Company with the liquidity required to make such interest and principal payments. Borrowings under the New Credit Agreement will bear interest at floating rates and will require interest payments on varying dates depending on the interest rate option selected by the Company. Borrowings pursuant to the New Credit Agreement include $550 million in Term Loans and up to $150 million under the Revolving Facility. Commencing in the second quarter of fiscal 1999, the Company will be required to make principal payments with respect to the Term Loans. The Company will be required to repay the principal amount of borrowings outstanding under the Term Loan Facilities provided for in the New Credit Agreement and the principal amount of the New Notes in the years and amounts set forth ...
Investing Activities. Tudou's net cash used in investing activities was RMB495.2 million (US$78.7 million) in 2011. RMB397.2 million (US$63.1 million) was used to purchase premium licensed content, including cash payments and cash advances during the year. RMB68.4 million (US$10.9 million) was used to purchase fixed assets, primarily equipment including servers, computers and other equipment. RMB4.9 million (US$0.8 million) was used to purchase intangible assets. These amounts were partly offset by RMB30.6 million (US$4.9 million) of restricted cash deposited in commercial banks as a guarantee to Tudou's bank loans and RMB5.8 million (US$0.9 million) received upon maturity of short-term investments. Tudou's net cash used in investing activities was RMB85.2 million in 2010. RMB66.2 million was used as collateral for short-term loans from certain commercial banks. RMB68.2 million was used to purchase premium licensed content including RMB15.0 million in connection with 2010 FIFA World Cup content. RMB27.6 million was used to purchase fixed assets, primarily equipment including servers, computer and other equipment. RMB5.8 million was used to purchase short-term investments, which consisted of time deposits with maturity terms of three months or more but less than one year. These amounts were partly offset by RMB84.2 million received upon maturity of short-term investments, which were time deposits with maturity terms of three months or more but less than one year. Net cash used in investing activities was RMB107.5 million in 2009. RMB84.2 million was used to purchase short-term investments, which consisted of time deposits with maturity terms of three months or more but less than one year. RMB24.7 million was used for the purchase of fixed assets, primarily equipment including servers, computers and other equipment. RMB9.9 million was used to purchase premium licensed content. These amounts were partly offset by RMB11.3 million received from the disposal of short-term investments.
Investing Activities. Net cash used in investing activities for the year ended December 31, 2021 was US$634 million and was primarily attributable to capital expenditures for major development projects. Capital expenditures for the year ended December 31, 2021, totaled US$640 million, including US$538 million for The Londoner Macao, US$71 million for The Venetian Macao, US$19 million for The Plaza Macao, and US$12 million for our other operations, mainly at The Parisian Macao and Sands Macao. Net cash used in investing activities for the year ended December 31, 2020 was US$1.02 billion and was primarily attributable to capital expenditures for major development projects. Capital expenditures for the year ended December 31, 2020, totaled US$1.04 billion, including US$721 million for The Londoner Macao, US$156 million for The Plaza Macao, primarily related to The Grand Suites at Four Seasons, US$140 million for The Venetian Macao and US$21 million for our other operations, mainly at The Parisian Macao and Sands Macao. Net cash used in investing activities for the year ended December 31, 2019 was US$715 million and was primarily attributable to capital expenditures for development projects, as well as maintenance capital spending. Capital expenditures for the year ended December 31, 2019, totaled US$754 million, including US$296 million for The Plaza Macao, primarily related to The Grand Suites at Four Seasons, US$276 million for The Londoner Macao project, US$131 million for The Venetian Macao and US$51 million for our other operations, mainly at The Parisian Macao and Sands Macao.
Investing Activities. The Company utilized approximately $1.0 billion in cash, net of cash acquired, for acquisitions and investments in businesses, including the Allied, HAI, Merit and Public Sector acquisitions, during the nine months ended June 30, 1998. In addition, the Company consummated the Crescent Transactions on June 17, 1997, which resulted in approximately $378.0 million of proceeds, net of transaction costs, through June 30, 1998. FINANCING ACTIVITIES. The Company borrowed approximately $203.6 million, net of issuance costs, during the nine months ended June 30, 1997, primarily to refinance its then existing credit agreements. The Company borrowed approximately $1.2 billion during the nine months ended June 30, 1998, primarily to fund the Transactions. Also, the Company extinguished the Old Notes for approximately $418.4 million during the nine months ended June 30, 1998. As of June 30, 1998, the Company had approximately $112.5 million of availability under the Revolving Facility of the New Credit Agreement. The Company was in compliance with all debt covenants as of June 30, 1998. OUTLOOK--LIQUIDITY AND CAPITAL RESOURCES The interest payments on the New Notes and interest and principal payments on indebtedness outstanding pursuant to the New Credit Agreement represent significant liquidity requirements for the Company. Borrowings under the New Credit Agreement will bear interest at floating rates and will require interest payments on varying dates depending on the interest rate option selected by the Company. Borrowings pursuant to the New Credit Agreement include $550 million in Term Loans and up to $150 million under the Revolving Facility. Commencing in the second quarter of fiscal 1999, the Company will be required to make principal payments with respect to the Term Loans. The Company will be required to repay the principal amount of borrowings outstanding under the Term Loan Facilities provided for in the New Credit Agreement and the principal amount of the New Notes in the years and amounts set forth in the following table: FISCAL YEAR PRINCIPAL AMOUNT - ------------- ----------------- 1999...... $ 19.8 2000...... 32.4 2001...... 38.9 2002...... 49.4 2003...... 92.0 2004...... 156.5 2005...... 131.8 2006...... 29.2 2007...... -- 2008...... 625.0 In addition, any amounts outstanding under the Revolving Facility created by the New Credit Agreement mature in 2004. The Company has finalized its plans for the integration of the businesses of Green Spring, HAI an...
Investing Activities. The Company utilized $165.5 million in funds, net of cash acquired, for acquisitions and investments in businesses, including Allied and HAI, during the quarter ended December 31, 1997. In addition, the Company paid approximately $4.3 million for Crescent Transaction costs during the quarter ended December 31, 1997. The Company expects to fund an additional $6.6 million in transaction costs and construction costs in fiscal 1998 related to the Crescent Transactions. FINANCING ACTIVITIES. The Company borrowed approximately $126.8 million, net of issuance costs, in the first quarter of fiscal 1997, primarily to refinance its then existing credit agreement. The Company repurchased approximately 545,000 shares of its common stock for approximately $12.5 million during the quarter ended December 31, 1997. As of February 12, 1998, the Company had approximately $112.5 million of availability under the Revolving Facility of the New Credit Agreement.
Investing Activities. The acquisition and disposal of long-term assets and other investments not included in cash and cash equivalents; and 3 Financing activities which are activities that result in changes in equity capital and borrowings. The finanacial statements consist of pages eighteen to forty five Operating activities The derivation of the principal cash flow components included in operating activities is as follows: Interest, commission and fee receipts US$ 000 1999 1998 1997 Total interest income per income statement (page 19) 81,464 81,609 74,729 Decrease (increase) in interest receivable in the year 2,026 (1,083) (2,515) Fee and other receipts 4,785 7,736 5,008 Net cash inflow 88,275 88,262 77,222 Interest payments Interest expense per income statement (page 19) (46,714) (50,109) (41,663) Increase in accrued interest payable 563 409 2,471 Deferred financing costs and other payments 1,235 1,092 (973) Net cash (outflow) (44,916) (48,608) (40,165) Cash payments to employees and suppliers Operating expenses per income statement (page 19) (13,829) (14,431) (15,602) Accrued expense movements and other payments 726 (1,562) 323 Depreciation charge and disposals (note 9) 1,021 1,072 1,197 Net cash (outflow) (12,082) (14,921) (14,082) Financing activities The increase (1998: decrease) in deposits from banks was derived as follows: Net increase (decrease) per balance sheet (page 18) 72,982 (41,706) 27,743 Effect of changes in exchange rates 3,813 (1,639) 2,410 Net cash inflow (outflow) 76,795 (43,345) 30,153 Dividends paid Dividends paid in respect of previous year (page 20) (15,000) (25,000) (25,000) Dividend due to Iraqi shareholder not paid (note 7) 1,500 2,500 2,500 Net cash (outflow) (13,500) (22,500) (22,500) 18 EFFECTIVE INTEREST RATES The effective interest rate of a financial instrument is: • the historical rate for a fixed rate instrument carried at amortised cost; or • the current market rate for a floating rate instrument. The effective interest rates of the Corporation's financial instruments at the balance sheet date were: 1999 1998 1997 Interest bearing financial assetsDeposits with banks - average 6.38% 5.84% 5.52% Fixed rate bonds - average 8.50% 8.66% 8.80% Floating rate bonds - average 6.97% 6.23% 7.00% Loans and trade finance (performing) - range 6.23-9.95% 5.41-7.34% 6.3-8.31% Term loans - average 7.01% 6.27% - Trade finance - average 8.27% 7.03% - Interest bearing financial liabilitiesDeposits from banks - average 6.03% 5.52% 5.66% Term financing - averag...
Investing Activities. (1,288) -------- 65,251 -------- (5,529) -------- 78,586 -------- (4,034) -------- 83,187 -------- Additions to property, plant and equipment..... (38,324) (23,990) (18,808) Purchase of businesses and investments......... (16,585) (16,992) (25,526) Decrease (increase) in marketable securities... 14,998 15,965 (40,118) Proceeds from sale of investments.............. 7,795 12,806 9,778
