XML 20 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities      
Net Income (Loss) $ 169,458 $ (99,220) $ 1,293,260
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and goodwill and other long-lived asset impairment 92,894 428,437 249,457
Net pension benefit (67,097) (65,433) (69,406)
Early retirement and special separation benefit program expense 0 4,606 8,374
Stock-based compensation expense, net 13,418 48,033 17,577
Foreign exchange loss 39,890 15,564 11,129
Net (gain) loss on sales and disposition of businesses (22,163) 18,095 (351,133)
Net loss (gain) on dispositions, sales or write-downs of marketable equity securities and cost method investments 30,449 1,378 (263,595)
Gain on sale of an equity affiliate 0 (4,827) (396,553)
Equity in losses (earnings) of affiliates, net of distributions 8,859 1,118 (96,517)
Provision for deferred income taxes 10,070 4,060 49,143
Net (gain) loss on sales or write-downs of property, plant and equipment (32,362) (18,265) (119,399)
Net gain on sale of intangible assets 0 0 (75,249)
Change in operating assets and liabilities:      
Accounts receivable, net (47,892) (87,165) (96,844)
Inventories (2,422) (1,778) (2,413)
Accounts payable and accrued liabilities 58,147 62,901 (39,199)
Deferred revenue 16,552 (51,825) 37,291
Income taxes receivable/payable 5,115 (174,326) 146,692
Other assets and other liabilities, net (12,265) (11,972) 8,791
Other 605 1,270 2,093
Net Cash Provided by Operating Activities 261,256 70,651 313,499
Cash Flows from Investing Activities      
Investments in certain businesses, net of cash acquired (245,084) (159,320) (206,035)
Purchases of property, plant and equipment (66,612) (136,859) (237,292)
Net proceeds from sales of businesses, property, plant and equipment and other assets 69,192 41,683 644,342
Purchases of marketable equity securities (48,265) (145,807) (49,998)
Investments in equity affiliates and cost method investments (6,273) (25,340) (10,283)
Investments in commercial paper 0 0 (249,795)
Proceeds from maturities of commercial paper 0 0 249,795
Net distribution from equity affiliate 0 0 93,481
Disbursement of loan to affiliate (14,244) 0 0
Other 0 73 (5,200)
Net Cash (Used in) Provided by Investing Activities (311,286) (425,570) 229,015
Cash Flows from Financing Activities      
Common shares repurchased, including the Berkshire Exchange transaction (108,948) (22,979) (327,718)
Issuance of borrowings 98,610 550,000 0
Cash distributed to Cable ONE in spin-off 0 (94,115) 0
Dividends paid (27,325) (53,721) (68,114)
Purchase of noncontrolling interest (21,000) 0 0
Repayments of borrowings 0 (44,815) (1,538)
Proceeds from exercise of stock options 1,247 15,312 7,462
Excess tax benefit on share-based payment awards 558 11,828 1,901
Redemption of redeemable preferred stock 0 (10,510) 0
Payments of financing costs (648) (9,944) 0
Other 14,429 1,095 (609)
Net Cash (Used in) Provided by Financing Activities (43,077) 342,151 (388,616)
Effect of Currency Exchange Rate Change (11,029) (11,164) (8,502)
Net (Decrease) Increase in Cash and Cash Equivalents and Restricted Cash (104,136) (23,932) 145,396
Cash and Cash Equivalents and Restricted Cash at Beginning of Year 774,952   653,488
Cash and Cash Equivalents and Restricted Cash at Beginning of Year, Including Discontinued Operations   798,884  
Cash and Cash Equivalents and Restricted Cash at End of Year 670,816 774,952  
Cash and Cash Equivalents and Restricted Cash at End of Year, Including Discontinued Operations     798,884
Cash paid during the year for:      
Income taxes 65,000 209,000 188,000
Interest $ 30,000 $ 33,000 $ 35,000