2010 Annual Report    67  CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS  FOR THE YEAR ENDED DECEMBER 31, 2009  (In thousands) Sinclair  Broadcast  Group, Inc.  Sinclair  Television  Group, Inc.  Guarantor  Subsidiaries  and KDSM,  LLC  Non- Guarantor  Subsidiaries Eliminations Sinclair  Consolidated  NET CASH FLOWS (USED IN) FROM  OPERATING ACTIVITIES  $ (56,248)  $ (3,833)  $ 171,883  $ (1,364)  $ (5,002)  $ 105,436  CASH FLOWS FROM (USED IN)  INVESTING ACTIVITIES:  Acquisition of property and equipment  (43)  (1,215)  (4,508)  (1,927)  —  (7,693)  Purchase of alarm monitoring contracts  —  —  —  (12,291)  —  (12,291)  Increase in restricted cash  —  (64,399)  (484)  —  —  (64,883)  Distributions from investments  —  —  —  1,501  —  1,501  Investments in equity and cost method  investees  (3,333)  —  —  (7,268)  —  (10,601)  Proceeds from sale of assets  —  —  126  —  —  126  Loans to affiliates  (162)  —  —  —  —  (162)  Proceeds from loans to affiliates  157  157  Net cash flows used in investing  activities  (3,381)  (65,614)  (4,866)  (19,985)  —  (93,846)  CASH FLOWS FROM (USED IN)  FINANCING ACTIVITIES:  Proceeds from notes payable,  commercial bank financing and  capital leases  —  946,184  —  34,691  —  980,875  Repayments of notes payable,  commercial bank financing and  capital leases  (378,183)  (536,100)  (447)  (16,836)  —  (931,566)  Purchase of subsidiary shares from  noncontrolling interest  — — — (5,000) — (5,000) Repurchase of Class A Common Stock  (1,454)  —  —  —  —  (1,454)  Dividends paid on Class A and Class B  Common Stock  (16,193)  —  —  —  155  (16,038)  Payments for deferred financing costs  —  (28,278)  (537)  —  (28,815)  Contributions to noncontrolling  interests — — — 26 — 26 Repayments of notes and capital leases  to affiliates  (648)  —  (2,216)  —  —  (2,864)  Increase (decrease) in intercompany  payables 456,107 (311,643) (164,366) 15,055 4,847 — Net cash flows from (used in)  financing activities  59,629  70,163  (167,029)  27,399  5,002  (4,836)  NET INCREASE (DECREASE) IN  CASH AND CASH EQUIVALENTS  —  716  (12)  6,050  —  6,754  CASH AND CASH EQUIVALENTS,  beginning of period  —  9,649  227  6,594  —  16,470  CASH AND CASH EQUIVALENTS,  end of period  $ —  $ 10,365  $ 215  $ 12,644  $ —  $ 23,224 