XML 21 R7.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 $ 14,929 $ 4,896 $ 797
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 75,235 70,527 69,481
Amortization of debt discount and premium 1,105 171 1,976
Equity-based compensation expense (net of amounts capitalized) 10,735 11,515 9,571
Losses on debt extinguishment and redemption 587 10,144  
Gains on capital lease termination   (11,643)  
Gains - equipment transactions and other, net (7,674) (4,866) (10,382)
Deferred income taxes 9,224 7,709 3,163
Changes in operating assets and liabilities:      
Accounts receivable (3,183) 1,119 (3,938)
Prepaid expenses and other current assets (2,923) (2,898) (2,338)
Deposits and other assets (336) (221) 219
Accounts payable, accrued liabilities and other long-term liabilities 10,268 (2,644) 4,497
Net cash provided by operating activities 107,967 83,809 73,046
Cash flows from investing activities:      
Purchases of property and equipment (45,234) (35,582) (60,032)
Proceeds from asset sales   111 90
Net cash used in investing activities (45,234) (35,471) (59,942)
Cash flows from financing activities:      
Net proceeds from issuance of 2022 secured notes--net of debt costs of $1,202 and $1,397, respectively 124,267 248,603  
Net proceeds from issuance of 2021 unsecured notes--net of debt costs of $4,176     195,824
Extinguishment of 2021 unsecured notes (10,775)    
Redemption of 2018 secured notes   (251,280)  
Repayments of convertible notes     (91,978)
Dividends paid (68,210) (66,314) (54,216)
Principal payments of capital lease obligations (12,466) (20,215) (18,208)
Principal payments of installment payment agreement (21,203) (670)  
Purchases of common stock (4,492) (39,394) (58,582)
Proceeds from exercises of stock options 1,220 423 533
Net cash provided by (used in) financing activities 8,341 (128,847) (26,627)
Effect of exchange rate changes on cash (346) (3,690) (3,553)
Net increase (decrease) in cash and cash equivalents 70,728 (84,199) (17,076)
Cash and cash equivalents, beginning of period 203,591 287,790  
Cash and cash equivalents, end of period 274,319 203,591 287,790
Supplemental disclosures of cash flow information:      
Cash paid for interest 37,125 44,383 46,531
Cash paid for income taxes 143 577 1,896
Non-cash investing and financing activities:      
Capital lease obligations incurred 18,439 25,794 28,707
PP&E obtained for installment payment agreement 5,521 21,873  
Fair value of equipment acquired in leases 2,110 595 174
Non-cash component of network equipment obtained in exchange transactions $ 7,739 $ 8,156 $ 11,031