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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ (57,737) $ 15,008
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 132,368 154,221
Losses (gains) on investments, net 46,672 (6,418)
Equity in losses (earnings) of unconsolidated affiliates, net (2,613) 6,353
Foreign currency transaction losses (gains), net 10,844 1,160
Deferred tax provision (benefit), net (10,064) 6,455
Stock-based compensation 2,384 2,628
Amortization of debt issuance costs 1,050 2,010
Other, net (4,899) 1,754
Changes in assets and liabilities, net:    
Trade accounts receivable and contract assets, net (7,664) (19,231)
Other current assets, net (16,127) (10,370)
Trade accounts payable (9,559) 8,831
Contract liabilities (3,212) 17,896
Accrued expenses and other current liabilities (4,922) (9,914)
Non-current assets and non-current liabilities, net (5,226) 5,563
Net cash flows from operating activities 71,295 175,946
Cash flows from investing activities:    
Purchases of marketable investment securities (550,891) (325,557)
Sales and maturities of marketable investment securities 687,579 712,666
Purchase of other investments (5,500) 0
Expenditures for property and equipment (104,604) (111,962)
Expenditures for externally marketed software (8,638) (7,600)
Net cash flows from investing activities 17,946 267,547
Cash flows from financing activities:    
Repurchase of the 2019 Senior Secured Notes 0 (8,046)
Payment of finance lease obligations (215) (9,882)
Payment of in-orbit incentive obligations (801) (1,573)
Net proceeds from Class A common stock options exercised 150 2,047
Net proceeds from Class A common stock issued under the Employee Stock Purchase Plan 2,924 2,749
Treasury share purchase (5,893) 0
Contribution by non-controlling interest holder 4,000 0
Purchase of non-controlling interest 0 (7,313)
Other, net 817 (131)
Net cash flows from financing activities 982 (22,149)
Effect of exchange rates on cash and cash equivalents (4,809) (133)
Net increase (decrease) in cash and cash equivalents 85,414 421,211
Cash and cash equivalents, including restricted amounts, beginning of period 1,521,889 929,495
Cash and cash equivalents, including restricted amounts, end of period $ 1,607,303 $ 1,350,706