XML 25 R10.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flows from operating activities:      
Net income $ 24,214 $ 33,156 $ 59,122
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation and amortization 75,980 56,890 51,234
Provision for doubtful accounts 2,454 1,199 1,676
Amortization and write off of debt discount and debt issuance costs 505 458 114
Stock-based compensation 6,410 4,975 4,323
Deferred income taxes (5,636) 17,869 (113)
Bargain purchase gain (7,304)    
(Gain) Loss on disposition of long-lived assets 27 (2,823)  
Gain on sale of discontinued operations   (1,092) (1,102)
Impairment of long-lived assets 11,425    
Pension funding required by Innovative acquisition (22,494)    
Other non-cash activity 566    
Loss on deconsolidation of subsidiary   19,937  
Changes in operating assets and liabilities, excluding the effects of acquisitions:      
Accounts receivable 2,601 11,744 (15,264)
Materials and supplies, prepayments, and other current assets (8,410) (1,094) (4,817)
Income tax receivable     (2,620)
Accounts payable and accrued liabilities, advance payments and deposits and other current liabilities 6,522 (2,385) 7,629
Accrued taxes 21,547 9,740 (15,650)
Other assets (12,122) (134) (1,833)
Other liabilities 15,371 (9,360)  
Net cash provided by operating activities of continuing operations 111,656 139,080 82,699
Net cash provided by operating activities of discontinued operations   158 (4,719)
Net cash provided by operating activities 111,656 139,238 77,980
Cash flows from investing activities:      
Capital expenditures (124,282) (64,753) (58,300)
Purchase of marketable securities (2,000)    
Acquisition of businesses, net of acquired cash of $12.6 million, $0.0 million, and $6.6 million (146,395) (11,968) (50,361)
Restricted cash acquired from acquisition of business     (5,884)
Purchases of spectrum licenses and other intangible assets, including deposits (10,860)    
Acquisition of non-controlling interest in subsidiary (7,045)    
Purchase of short-term investments (7,422)    
Change in restricted cash (12,108) 38,877 38,707
Proceeds from disposition of long-lived assets 1,424 5,873 1,371
Net cash used in investing activities of continuing operations (308,688) (31,971) (74,467)
Cash flows from financing activities:      
Dividends paid on common stock (20,965) (19,070) (17,488)
Proceeds from issuance of debt 125,800    
Distribution to non-controlling stockholders (8,632) (16,514) (16,331)
Payment of debt issuance costs (2,763) (892) (1,945)
Proceeds from stock option exercises 649 1,998 1,129
Principal repayments of term loan (33,564) (6,017)  
Purchase of common stock (4,114) (1,893) (1,665)
Repurchases of non-controlling interests (3,485)   (104)
Investments made by minority shareholders in consolidated affiliates 22,408 950 2,500
Net cash provided by (used in) financing activities 75,334 (41,438) (33,904)
Effect of foreign currency exchange rates on cash and cash equivalents (626)    
Net change in cash and cash equivalents (122,324) 65,829 (30,391)
Cash and cash equivalents, beginning of period 392,045 326,216 356,607
Cash and cash equivalents, end of period 269,721 392,045 326,216
Supplemental cash flow information:      
Interest paid 4,451 2,724 2,930
Taxes paid 8,237 9,636 48,349
Dividends declared, not paid 5,487 5,141 4,618
Noncash investing activity      
Purchases of property and equipment included in accounts payable and accrued expenses $ 16,847 $ 7,705 $ 5,136