Question

6 Months Ended Consolidated Statements of Cash Flows-USD (S) $ in Thousands Jun. 30, 2018 Jun. 30, 2017 CASH FLOWS FROM OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to net cash provided by operating actvities: Depreciation and amortization Depreciation and amortization-marketing and reservation system Franchise agreement acquisition cost amortization Loss (gain) on disposal of assets Provision for bad debts, net Non-cash stock compensa Non-cash interest and other(income) loss Deferred income taxes Equity in net losses from unconsolidated joint ventures, less distributions received Franchise agreement acquisition cost, net of reimbursements Change in working capital and other, net of acquisition Net cash provided by operating activitles CASH FLOWS FROM INVESTING ACTIVITIES: Investment in property and equipment Investment in intangible assets 104,925 $74,954 6,722 10,048 3,385 10,157 4,375 3,305 4,356 7,716 808 3,828 6,702 1,707 8,082 (274) (732) 3,543 tion and other charges (20,326 (65,258 63,814 14,108) 64,108 (21,611) 1,329) (2,228) 3,052 (231,317) Proceeds from sales of assets Business acquisition, net of cash acquired to equity method investments Distributions from equity method investments Purchases of investments, employee benefit plans Proceeds from sales of investments, employee benefit plans Issuance of mezzanine and other notes receivable Collections of mezzanine and other notes receivable Other items, net Net cash used in investing activitles CASH FLOWS FROM FINANCING ACTIVITIES: Net borrowings pursuant to revolving credit facilities Principal payments on long-term debt Purchase of treasury stock Dividends paid 1,210 (2,047 1,828 (19,005) 3,505 232 1,696 (1,736 2,094 552 110 (67,303) 69,000 23,200 (309) (7414 24,333) (70,573 (24,A54)

Where did the cash go?

Answer 1

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Cash in the period ended on 30th June 2018 has been mostly utilised in investing activities.
Following are major activities of investing which has used cash:
		000
Business acquisition		$231,317
Property and Equipment		$ 21,611
Tangible Assets		$    1,329
Equity Method		$    7,206
Purchase of Investment, Employee benefit		$    2,047
Issuance of Mezzanine		$ 19,005