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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities:    
Net income $ 79,675 $ 141,762
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 391,598 370,872
Equity in earnings of unconsolidated affiliates, net (14,461) (11,181)
Gain and impairment on investments, net (30,664) (8,179)
Stock-based compensation 7,169 11,953
Deferred tax provision 7,924 71,422
Dividends received from unconsolidated entities 15,000 15,000
Proceeds from sale of trading securities 8,922 7,140
Changes in current assets and current liabilities, net 144,677 (47,013)
Changes in noncurrent assets and noncurrent liabilities, net (23,474) 8,097
Other, net 5,570 14,836
Net cash flows from operating activities 591,936 574,709
Cash Flows from Investing Activities:    
Purchases of marketable investment securities (319,912) (883,288)
Sales and maturities of marketable investment securities 376,648 643,865
Expenditures for property and equipment (422,661) (533,669)
Refunds and other receipts related to capital expenditures 0 24,087
Changes in restricted cash and marketable investment securities (810) 7,351
Investments in unconsolidated entities 0 (1,636)
Sale of investment in unconsolidated entity 17,781 0
Expenditures for externally marketed software (25,447) (17,991)
Other, net 0 1,462
Net cash flows from investing activities (374,401) (759,819)
Cash Flows from Financing Activities:    
Proceeds from issuance of long-term debt 0 1,500,000
Payments of debt issuance costs (414) (6,275)
Repayment of debt and capital lease obligations (26,394) (30,615)
Net proceeds from Class A common stock options exercised 33,156 4,679
Net proceeds from Class A common stock issued under the Employee Stock Purchase Plan 6,938 11,478
Cash exchanged for Tracking Stock (651) 0
Other, net (3,968) (3,373)
Net cash flows from financing activities 8,667 1,475,894
Effect of exchange rates on cash and cash equivalents 1,014 684
Net increase in cash and cash equivalents 227,216 1,291,468
Cash and cash equivalents, beginning of period 2,571,143 924,240
Cash and cash equivalents, end of period 2,798,359 2,215,708
Supplemental Disclosure of Cash Flow Information:    
Cash paid for interest (including capitalized interest) 183,451 97,044
Capitalized interest 45,496 70,386
Cash paid for income taxes 10,071 9,187
Employee benefits paid in Class A common stock 11,200 11,126
Property and equipment financed under capital lease obligations 8,423 7,172
Increase (decrease) in capital expenditures included in accounts payable, net (3,494) 21,951
Capitalized in-orbit incentive obligations 43,890 0
Noncash net assets exchanged for Tracking Stock $ 299,425 $ 0