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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ (49,307) $ (11,158)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 392,077 459,054
Losses (gains) on investments, net 37,764 (28,087)
Equity in losses (earnings) of unconsolidated affiliates, net 5,866 14,317
Foreign currency transaction losses (gains), net 2,603 14,501
Deferred tax provision (benefit), net 4,474 22,949
Stock-based compensation 6,887 7,120
Amortization of debt issuance costs 3,212 4,882
Proceeds from Equity Method Investment, Distribution 0 2,716
Other, net (9,145) 9,617
Changes in assets and liabilities, net:    
Trade accounts receivable and contract assets, net (9,157) (5,439)
Other current assets, net (21,090) (42,140)
Trade accounts payable (17,824) 18,180
Contract liabilities (11,438) 37,273
Accrued expenses and other current liabilities 29,155 27,972
Non-current assets and non-current liabilities, net 1,325 1,303
Net cash flows from operating activities 365,402 533,060
Cash flows from investing activities:    
Purchases of marketable investment securities (2,234,671) (655,265)
Sales and maturities of marketable investment securities 1,231,790 1,988,078
Expenditures for property and equipment (295,041) (314,861)
Expenditures for externally marketed software (27,824) (21,364)
Purchase of other investments (5,500) 0
Investments in unconsolidated affiliates 0 (7,503)
Dividend received from unconsolidated affiliate 0 2,284
Net cash flows from investing activities (1,331,246) 991,369
Cash flows from financing activities:    
Repurchase and maturity of the 2019 Senior Secured Notes 0 (920,923)
Payment of finance lease obligations (606) (29,135)
Payment of in-orbit incentive obligations (1,268) (5,269)
Net proceeds from Class A common stock options exercised 983 64,143
Net proceeds from Class A common stock issued under the Employee Stock Purchase Plan 8,066 7,724
Treasury share purchase (5,893) 0
Contribution by non-controlling interest holder 14,268 0
Purchase of non-controlling interest 0 (7,313)
Other, net 998 758
Net cash flows from financing activities 16,548 (890,015)
Effect of exchange rates on cash and cash equivalents (8,348) (411)
Net increase (decrease) in cash and cash equivalents (957,644) 634,003
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 $ 564,245 $ 1,563,498