XML 21 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 8.6 $ (4.9)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 71.0 67.3
Stock-based compensation expense, net of capitalized stock-based compensation expense 4.0 4.6
Amortization of aerial image library, deferred contract costs and lease incentive 4.2 4.5
Excess tax benefit from share-based compensation (0.1) (0.9)
Deferred income taxes 8.2 (5.9)
Other 0.8 2.1
Changes in working capital, net of assets acquired and liabilities assumed in business combinations:    
Accounts receivable, net (10.9) 3.6
Deferred contract costs (4.4) (4.8)
Other current and non-current assets (3.5) 4.8
Accounts payable 0.7 5.8
Accrued liabilities (9.8) 0.5
Deferred revenue (11.2) (19.8)
Net cash flows provided by operating activities 57.6 56.9
CASH FLOWS FROM INVESTING ACTIVITIES:    
Construction in progress additions (38.6) (30.1)
Property and equipment additions   (1.2)
(Increase) decrease in restricted cash (1.2)  
Loan to joint venture and other (7.5)  
Net cash flows used in investing activities (47.3) (31.3)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of debt and capital lease obligations (1.9) (1.6)
Repurchase of common stock (60.9) (31.1)
Proceeds from exercise of stock options 0.1 4.3
Preferred stock dividend payment (1.0) (1.0)
Excess tax benefit from share-based compensation 0.1 0.9
Net cash flows used in financing activities (63.6) (28.5)
Net increase (decrease) in cash and cash equivalents (53.3) (2.9)
Cash and cash equivalents, beginning of period 126.1 117.8
Cash and cash equivalents, end of period 72.8 114.9
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest, net of capitalized amounts of $16.6 and $11.5 million, respectively 5.9 9.6
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Changes to non-cash property, equipment and construction in progress accruals, including interest 6.8 3.2
Non-cash preferred stock dividend accrual $ (1.0) $ (1.0)