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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (72,580) $ 9,948
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 262,255 309,631
Losses (gains) on investments, net 52,762 (19,791)
Equity in losses (earnings) of unconsolidated affiliates, net 3,732 11,107
Foreign currency transaction losses (gains), net 9,284 (593)
Deferred tax provision (benefit), net (2,452) 7,014
Stock-based compensation 4,509 4,833
Amortization of debt issuance costs 2,120 3,872
Other, net (7,295) 2,742
Changes in assets and liabilities, net:    
Trade accounts receivable and contract assets, net (5,262) 167
Other current assets, net (11,642) (129)
Trade accounts payable (11,701) (225)
Contract liabilities (11,229) 34,024
Accrued expenses and other current liabilities 27,050 16,800
Non-current assets and non-current liabilities, net 5,729 1,374
Net cash flows from operating activities 245,280 380,774
Cash flows from investing activities:    
Purchases of marketable investment securities (555,367) (504,264)
Sales and maturities of marketable investment securities 977,532 1,621,481
Purchase of other investments (5,500) 0
Expenditures for property and equipment (196,904) (219,440)
Expenditures for externally marketed software (19,237) (15,329)
Net cash flows from investing activities 200,524 882,448
Cash flows from financing activities:    
Repurchase and maturity of the 2019 Senior Secured Notes 0 (920,923)
Payment of finance lease obligations (421) (20,008)
Payment of in-orbit incentive obligations (1,021) (3,778)
Net proceeds from Class A common stock options exercised 436 61,503
Net proceeds from Class A common stock issued under the Employee Stock Purchase Plan 5,300 5,074
Treasury share purchase (5,893) 0
Contribution by non-controlling interest holder 10,000 0
Purchase of non-controlling interest 0 (7,313)
Other, net 674 (267)
Net cash flows from financing activities 9,075 (885,712)
Effect of exchange rates on cash and cash equivalents (19,232) 121
Net increase (decrease) in cash and cash equivalents 435,647 377,631
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 $ 1,957,536 $ 1,307,126