XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 22,494 $ 8,911
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 44,747 31,047
Provision for doubtful accounts 1,906 100
Amortization and write off of debt discount and debt issuance costs 279 236
Stock-based compensation 3,786 3,633
Deferred income taxes 2,379 (8,775)
Loss in equity method investments 2,033  
Bargain purchase gain   (7,304)
Loss (gain) on disposition of long-lived assets 1,111 (29)
Gain on sale of investments (1,055)  
Impairment of long-lived assets   11,076
Loss on deconsolidation of subsidiary 529  
Other non-cash activity 509  
Changes in operating assets and liabilities, excluding the effects of acquisitions:    
Accounts receivable (6,062) (2,902)
Materials and supplies, prepayments, and other current assets (6,586) (4,505)
Prepaid income taxes 995  
Accounts payable and accrued liabilities, advance payments and deposits and other current liabilities (3,331) (4,713)
Accrued taxes (7,876) 15,294
Other assets 2,887 (1,854)
Other liabilities 6,722 10,505
Net cash provided by operating activities 65,467 50,720
Cash flows from investing activities:    
Capital expenditures (78,549) (42,727)
Purchase of securities   (2,000)
Divestiture of businesses, net of transferred cash $2.1 million 22,597  
Acquisition of businesses, net of acquired cash of $0 and $8.3 million (1,178) (29,719)
Purchases of spectrum licenses and other intangible assets, including deposits (36,832) (10,860)
Acquisition of non-controlling interest in subsidiary   (7,045)
Proceeds from sale of investments 2,761  
Change in restricted cash 1,756 1,134
Net cash used in investing activities (89,445) (91,217)
Cash flows from financing activities:    
Dividends paid on common stock (10,992) (10,311)
Proceeds from new borrowings 8,571  
Distribution to non-controlling interests (3,373) (4,302)
Payment of debt issuance costs (326)  
Proceeds from stock option exercises 274 164
Principal repayments of term loan (5,447) (4,759)
Purchase of common stock (2,186) (1,986)
Repurchases of non-controlling interests (953)  
Investments made by minority shareholders in consolidated affiliates 122 21,904
Net cash (used in) provided by financing activities (14,310) 710
Effect of foreign currency exchange rates on cash and cash equivalents 207  
Net change in cash and cash equivalents (38,081) (39,787)
Cash and cash equivalents, beginning of period 269,721 392,045
Cash and cash equivalents, end of period 231,640 352,258
Noncash investing activity    
Purchases of property, plant and equipment included in accounts payable and accrued expenses $ 13,107 $ 12,333