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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 48,185 $ 6,216 $ 37,520
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 89,240 83,477 80,247
Amortization of debt discount and premium 1,759 1,894 1,807
Equity-based compensation expense (net of amounts capitalized) 26,822 23,525 18,460
Unrealized foreign currency exchange loss (gain) on 2024 Euro Notes (32,522) 36,997 (2,271)
Realized foreign currency exchange gain on 2024 Euro Notes   (2,533)  
Gain - lease termination (7,375)    
Gains-equipment transactions and other, net 69 (546) (358)
Deferred income taxes 18,159 282 12,158
Changes in operating assets and liabilities:      
Accounts receivable 1,385 (2,702) 1,067
Prepaid expenses and other current assets (17) (2,771) (3,730)
Deposits and other assets (12) (873) (1,131)
Accounts payable, accrued liabilities and other long-term liabilities 9,866 (3,284) 5,040
Net cash provided by operating activities 170,257 140,320 148,809
Cash flows from investing activities:      
Purchases of property and equipment (69,916) (55,952) (46,958)
Net cash used in investing activities (69,916) (55,952) (46,958)
Cash flows from financing activities:      
Net proceeds from issuance of 2026 Notes, net of debt costs of $1,317 496,933    
Net proceeds from issuance of 2024 Euro Notes, net of debt costs of $2,137 and $1,556, respectively   240,285 152,134
Redemption and extinguishment of 2022 Notes (459,317)    
Redemption and extinguishment of 2021 Notes   (189,225)  
Dividends paid (150,288) (129,412) (112,647)
Principal payments of finance lease obligations (23,054) (23,990) (9,097)
Principal payments of installment payment agreement (6,922) (10,547) (10,007)
Purchases of common stock   (4,495)  
Proceeds from exercises of common stock options 1,823 1,382 1,637
Net cash (used in) provided by financing activities (140,825) (116,002) 22,020
Effect of exchange rate changes on cash (2,193) 3,513 (542)
Net (decrease) increase in cash and cash equivalents & restricted cash (42,677) (28,121) 123,329
Cash and cash equivalents & restricted cash, beginning of year 371,301 399,422 276,093
Cash and cash equivalents & restricted cash, end of year 328,624 371,301 399,422
Supplemental disclosures of cash flow information:      
Cash paid for interest 59,497 62,917 56,022
Cash paid for income taxes 4,452 3,446 3,409
Non-cash investing and financing activities:      
Finance lease obligations incurred 50,831 71,622 14,307
PP&E obtained for installment payment agreement   5,771 11,255
Fair value of equipment acquired in leases   536 1,207
Non-cash component of network equipment obtained in exchange transactions   320 $ 978
Senior notes      
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss on extinguishment & redemption of 2022 notes   638  
Loss on extinguishment & redemption of 2021 notes   $ 638  
2022 Notes      
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss on extinguishment & redemption of 2022 notes 14,698    
Senior secured 2026 Notes      
Cash flows from financing activities:      
Net proceeds from issuance of 2026 Notes, net of debt costs of $1,317 $ 496,900