XML 55 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (83.4) $ 21.9
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 165.7 86.5
Amortization of aerial image library, deferred contract costs and lease incentive 12.6 15.1
Non-cash stock compensation expense 19.9 7.2
Amortization of debt issuance costs and accretion of debt discount 3.6 2.8
Deferred income taxes (38.1) 15.0
Write-off of debt issuance costs and debt discounts 12.8  
Other (0.3) 1.1
Changes in working capital, net of assets acquired and liabilities assumed in business combinations:    
Accounts receivable, net 15.8 (9.1)
Other current and non-current assets 3.1 (9.5)
Accounts payable (3.4) (3.1)
Accrued liabilities (37.4) (0.5)
Deferred revenue 35.3 63.2
Deferred contract costs (16.5) (0.5)
Payment of 2011 Senior Secured debt discount (13.8)  
Net cash flows provided by operating activities 75.9 190.1
CASH FLOWS FROM INVESTING ACTIVITIES:    
Construction in progress additions (198.9) (152.8)
Acquisition of businesses, net of cash acquired (524.0)  
Other property and equipment additions (12.7) (7.8)
Investment in joint venture   (0.3)
Decrease in restricted cash 4.7 6.9
Net cash flows used in investing activities (730.9) (154.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of debt 1,150.0  
Repayment of debt (483.9) (3.8)
Preferred stock dividend payment (2.0)  
Proceeds from exercise of stock options 36.9 2.5
Tax benefit from the exercise of stock options   0.5
Payment of debt issuance costs (36.2)  
Net cash flows provided by (used in) financing activities 664.8 (0.8)
Net (decrease) increase in cash and cash equivalents 9.8 35.3
Cash and cash equivalents, beginning of period 246.2 198.5
Cash and cash equivalents, end of period 256.0 233.8
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest, net of capitalized amounts of $32.6 and $17.3, respectively   4.8
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Changes to non-cash property, equipment and construction in progress accruals, including interest (5.0) 10.1
Issuance of shares of common and convertible preferred stock for acquisition of business 837.8  
Stock-based compensation awards issued in acquisition of business, net of income taxes 13.4  
Non-cash preferred stock dividend accrual $ (1.0)