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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 1,130,011 $ 12,301
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 77,669 45,762
Amortization of debt discount and premium 652 829
Amortization of discounts, Due from T-Mobile, IP Transit Services & Purchase Agreements (8,175)  
Equity-based compensation expense (net of amounts capitalized) 12,830 11,963
Gain on bargain purchase - Sprint Wireline Business (1,155,719)  
Gains - equipment transactions and other, net (608) 1,308
Loss on debt extinguishment and redemption - 2024 Euro Notes   11,885
Unrealized foreign currency exchange gain on 2024 Euro Notes   (31,561)
Deferred income taxes (27,190) 3,138
Changes in operating assets and liabilities:    
Accounts receivable (4,918) (3,529)
Prepaid expenses and other current assets (14,140) (5,150)
Change in valuation - interest rate swap agreement (542) 28,781
Due to T-Mobile - Transition Services Agreement 118,777  
Due from T-Mobile - Transition Services Agreement (7,015)  
Unfavorable lease liabilities (6,469)  
Accounts payable, accrued liabilities and other long-term liabilities 3,179 8,233
Deposits and other assets 133 (146)
Net cash provided by operating activities 118,475 83,814
Cash flows from investing activities:    
Cash payments - IP Transit Agreement - T-Mobile 29,167  
Acquisition of Sprint Wireline Business, net of cash acquired (14,034)  
Purchases of property and equipment (60,653) (35,409)
Net cash used in investing activities (45,520) (35,409)
Cash flows from financing activities:    
Dividends paid (90,218) (83,153)
Redemption and extinguishment - 2024 Euro Notes   (375,354)
Net proceeds from issuance of senior unsecured 2027 Notes - net of debt costs of $1,290   446,010
Proceeds from exercises of stock options 385 334
Principal payments on installment payment agreement   (790)
Principal payments of finance lease obligations (17,247) (11,099)
Net cash used in financing activities (107,080) (24,052)
Effect of exchange rates changes on cash 2,166 (3,130)
Net (decrease) increase in cash, cash equivalents and restricted cash (31,959) 21,223
Cash, cash equivalents and restricted cash, beginning of period 275,912 328,624
Cash, cash equivalents and restricted cash, end of period 243,953 349,847
Supplemental disclosure of non-cash financing activities:    
Fair value of equipment acquired in leases 171 1,088
Finance lease obligations incurred $ 42,639 $ 23,685