Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:        
Net income (loss) $ 7,827 $ 17,495 $ 12,107 $ (16,987)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation and amortization expense 47,819 45,157 143,033 135,563
Unrealized (income) loss on derivative instrument with related party (4,800) (30) (15,840) 5,040
Deferred income tax expense (benefit)     7,565 (5,006)
Share-based compensation expense 2,810 2,660 7,820 8,074
Loss on extinguishment of debt 0 0 0 27,700
Software impairment charge 0 2,571 0 29,839
Impairment of equity method investment 0 0 0 12,593
Other noncash income and expense items     11,994 9,106
Change in operating assets and liabilities     23,926 20,588
Net cash provided by operating activities     190,605 226,510
Cash flows from investing activities:        
Purchases of property and equipment     (149,842) (134,562)
Purchases of other assets and intangible assets     (10,226) (7,191)
Note receivable payment from an equity method investee     3,000 0
Proceeds from sale of investment     1,377 7,551
Grant proceeds     0 14,007
Note receivable issued to an equity method investee     0 (3,000)
Purchase of business, net of cash received     0 (12,736)
Other     (1,591) (4,711)
Net cash used for investing activities     (157,282) (140,642)
Cash flows from financing activities:        
Proceeds from tower sale     90,795 0
Borrowing on Amended Senior Credit Facility     60,000 295,000
Repayment of debt and capital lease obligations     (69,013) (492,068)
Purchase of treasury stock to be retired     (47,655) (44,324)
Issuance of 2025 notes     0 445,973
Purchase of non-controlling interests     0 (282,505)
Issuance of Searchlight note payable and derivative stock appreciation rights with related party     0 75,000
Payment of bond call premium     0 (20,244)
Payment of debt issuance costs     0 (13,979)
Distribution to non-controlling interest     0 (4,932)
Other     (1,356) 498
Net cash provided by (used for) financing activities     32,771 (41,581)
Net increase in cash and cash equivalents     66,094 44,287
Cash and cash equivalents at beginning of period     26,528 15,402
Cash and cash equivalents at end of period $ 92,622 $ 59,689 $ 92,622 $ 59,689