Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.2.0.727
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net income (loss) $ (34,482) $ 27,601
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 90,406 86,138
Loss on extinguishment of debt 27,700 0
Software impairment charge 27,268 0
Deferred income tax expense (benefit) (13,128) 3,551
Impairment of equity method investment 12,593 0
Share-based compensation expense 5,414 3,971
Other noncash income and expense items 10,792 4,933
Change in operating assets and liabilities 12,990 12,826
Net cash provided by operating activities 139,553 139,020
Cash flows from investing activities:    
Purchase of AWN non-controlling interest and ACS wireless assets (285,392) 0
Purchases of property and equipment (91,964) (80,550)
Grant proceeds 14,007 1,136
Purchase of businesses, net of cash received (9,191) 0
Proceeds from sale of investment 7,551 0
Note receivable issued to an equity method investee (3,000) 0
Purchases of other assets and intangible assets (4,704) (4,895)
Restricted cash 36 5,789
Purchase of investments 0 (21,179)
Other 188 (621)
Net cash used for investing activities (372,469) (100,320)
Cash flows from financing activities:    
Repayment of debt and capital lease obligations (489,191) (26,403)
Issuance of 2025 Notes 445,973 0
Borrowing on Amended Senior Credit Facility 295,000 50,000
Issuance of Searchlight note payable and derivative stock appreciation rights 75,000 0
Purchase of treasury stock to be retired (36,939) (536)
Payment of bond call premium (20,244) 0
Payment of debt issuance costs (13,467) 0
Distribution to non-controlling interest (4,932) (25,000)
Proceeds from stock option exercises 295 176
Borrowing on other long-term debt 203 421
Net cash (used for) provided by financing activities 251,698 (1,342)
Net increase in cash and cash equivalents 18,782 37,358
Cash and cash equivalents at beginning of period 15,402 44,971
Cash and cash equivalents at end of period $ 34,184 $ 82,329