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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
OPERATING ACTIVITIES:  
Net income$ 7,807$ 9,980
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization17,15516,168
Accrued patronage refunds(389)(370)
Stock based compensation725390
Other743654
Changes in operating assets and liabilities, net of effect from acquired net assets  
Receivables(9,988)(7,884)
Prepaids(480)(467)
Inventories(719)(1,522)
Accounts payable and accrued expenses2,625358
Deferred revenue, billings and deposits774(2,096)
Income taxes7,147(2,732)
Other(602)427
Net cash provided by operating activities24,79812,906
INVESTING ACTIVITIES:  
Additions to property, plant and equipment(14,798)(17,010)
Broadband stimulus grant received6660
Acquisition, net of cash acquired0120
Proceeds from sale of assets1201,257
Net cash (used in) investing activities(14,012)(15,633)
FINANCING ACTIVITIES:  
Borrowings on extended term payable arrangement46,43843,287
Payments on extended term payable arrangement(42,061)(40,262)
Borrowings on credit facility147,70019,900
Payments on credit facility and capital lease obligations(146,117)(18,485)
Proceeds from issuance of common stock467357
Change in cash overdraft(238)756
Dividends paid(5,407)(5,146)
Stock repurchased(325)0
Net cash provided by (used in) financing activities457407
Net increase (decrease) in cash and cash equivalents11,243(2,320)
Cash and cash equivalents at beginning of the period732,420
Cash and cash equivalents at the end of the period11,316100
Supplemental disclosure of cash flow information:  
Cash paid for interest3,2734,063
Net cash paid (received) for income taxes(2,464)5,499
Non-cash investing and financing activities:  
Property, plant and equipment acquired with capital leases6476
Change in other comprehensive income (loss) from financial derivatives and post-retirement benefits$ (785)$ 471