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The following is an excerpt from a 10-Q SEC Filing, filed by WORLD WRESTLING FEDERATION ENTERTAINMENT INC on 12/13/1999.
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WORLD WRESTLING ENTERTAINMENTINC - 10-Q - 19991213 - CASH_FLOW

World Wrestling Federation Entertainment, Inc. Consolidated Statements of Cash Flows


(dollars in thousands)

(Unaudited)

                                                                                    Six Months Ended
                                                                             October 29,       October 30,
                                                                                1999              1998
                                                                             -----------       -----------
OPERATING ACTIVITIES:
Net income.................................................................  $   28,126         $   17,295
Adjustments to reconcile net income to
   net cash provided by operating activities:
  Depreciation and amortization............................................       1,138                904
  Provision for doubtful accounts..........................................          30                  -
  Performer stock options..................................................       6,020                  -
  Deferred income taxes....................................................      (2,466)                 -
  Changes in assets and liabilities:
     Accounts receivable...................................................      (4,346)              (497)
     Inventory.............................................................          29             (1,707)
     Prepaid expenses and other current assets.............................      (2,059)            (1,220)
     Accounts payable......................................................      (2,216)            (1,626)
     Accrued expenses and other current liabilities........................       3,088               (754)
     Accrued income taxes..................................................       6,707               (101)
     Deferred income.......................................................         512              3,954
                                                                             ----------         ----------
        Net cash provided by operating activities..........................      34,563             16,248
                                                                             ----------         ----------
INVESTING ACTIVITIES:
Capital expenditures.......................................................      (4,988)            (1,818)
Purchase of Las Vegas property.............................................           -            (10,743)
                                                                             ----------         ----------
        Net cash used in investing activities..............................      (4,988)           (12,561)
                                                                             ----------         ----------
FINANCING ACTIVITIES:
Borrowings of long term debt...............................................           -              1,564
Repayments of long term debt...............................................        (631)              (479)
S Corporation distributions................................................     (27,064)            (1,119)
Net proceeds from initial public offering..................................     181,815                  -
Stock issuance costs.......................................................      (2,318)                 -
Amounts payable to stockholder.............................................        (800)                 -
Other financing activities.................................................           -              5,242
                                                                             ----------         ----------
        Net cash provided by financing activities..........................     151,002              5,208
                                                                             ----------         ----------

NET INCREASE IN CASH AND CASH EQUIVALENTS..................................     180,577              8,895
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD.............................      45,727              8,797
                                                                             ----------         ----------
CASH AND CASH EQUIVALENTS, END OF PERIOD...................................  $  226,304         $   17,692
                                                                             ----------         ----------
SUPPLEMENTAL CASH FLOW INFORMATION:
  Cash paid during the period for income taxes.............................  $    3,916         $      691
  Cash paid during the period for interest.................................         535                506
SUPPLEMENTAL NONCASH INFORMATION:
  Issuance of note payable to stockholder..................................  $   32,000         $        -
  Due to stockholder.......................................................       4,000                  -

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