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How did an asset with no cash flow increase in value at such a prodigious rate?
At the cable networks, analysts said, a strong performance by HBO and the avoidance of some expensive sports events helped cash flow increase 34percentto to $49 million, as revenue rose 6percentto to $1.69 billion.
Mr. Dukow and David Neifeld, a Philadelphia businessman, then planned an acquisition progran for John David that was said to be designed to ease cash flow, increase volume and eliminate credit difficulties.
HomeAway, which debuted on the Nasdaq on June 29, saw cash flow increase 23.1percenttoto $16.9 million from $13.7 million in the second quarter of 2010.
That helped free cash flow increase 37.5percenttoto $1.5 billion from a year ago, but that was still down $517 million from the first quarter.
Trushin [33] and Scherer [34] find that a 10% cash flow increase gives rise to an increase of R&D investments in the range of 3.6% and 6.1%.
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Liberty Interactive revenue rose 11percentt and operating cash flow increased 21percentt.
Revenues gained 2percentt, and operating cash flow increased to $222 million.
The company expects wireless revenue to climb 30percentto35percentcenthis yearar, with cash flow increasing more than 60percentt.
But there were signs of improvement ahead as cash flow increased to $440m from $5m in 2015.
The company's free cash flow increased 38 percent over the same quarter last year, to $1.89 billion.
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