DVIN - from the last quarterly report:
10kwizard.com
<<As of September 30, 2000, we had cash and cash equivalents of approximately $291,346,000, including cash and cash equivalents of $33,014,000 held by our consolidated associated companies, consisting almost entirely of funds raised in our IPO and in private placements of securities. Our cash and cash equivalents as of September 30, 2000 represented an increase of approximately $128,505,000 from approximately $162,841,000 as of December 31, 1999. The net increase in cash and cash equivalents was due primarily to proceeds from issuance of preferred stock of approximately $229,864,000, proceeds from our IPO of approximately $109,545,000, and proceeds from our private placements concurrent with our IPO of approximately $218,597,000. These increases were partially offset by acquisitions of ownership interests in associated companies of approximately $170,696,000, repayments on notes payable to associated companies of approximately $101,395,000, and net cash used in operating activities of approximately $119,793,000.
The bulk of the cash is held by DVIN, not by the associated companies, IMHO. |
