Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income (loss) $ (4,136,000) $ (25,866,000) $ 59,244,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization expense 193,775,000 181,767,000 170,285,000
Share-based compensation expense 11,043,000 10,902,000 8,392,000
Deferred income tax expense (benefit) 5,205,000 (1,847,000) 10,029,000
Unrealized (gain) loss on derivative instrument with related party (3,120,000) 11,160,000 0
Loss on extinguishment of debt 640,000 27,700,000 0
Software impairment charge 0 29,839,000 0
Impairment of equity method investment 0 12,593,000 0
Other noncash income and expense items 11,696,000 16,142,000 9,933,000
Change in operating assets and liabilities (14,827,000) (8,435,000) 320,000
Net cash provided by operating activities 200,276,000 253,955,000 258,203,000
Cash flows from investing activities:      
Purchases of property and equipment (194,478,000) (176,235,000) (176,109,000)
Purchase of KKCC assets (19,700,000) 0 0
Purchases of other assets and intangible assets (17,486,000) (13,955,000) (11,018,000)
Note receivable payment from an equity method investee 3,000,000 0 0
Purchase of investments (1,800,000) 0 (25,735,000)
Grant proceeds 1,527,000 14,007,000 1,136,000
Restricted cash 175,000 65,000 5,871,000
Proceeds from the sale of investment 0 7,551,000 6,180,000
Purchase of businesses, net of cash received 0 (12,736,000) (2,514,000)
Note receivable issued to an equity method investee 0 (3,000,000) 0
Other 1,599,000 (4,760,000) 49,000
Net cash used for investing activities (227,163,000) (189,063,000) (202,140,000)
Cash flows from financing activities:      
Repayment of debt, capital lease, and tower obligations (132,205,000) (494,982,000) (118,585,000)
Borrowing on Senior Credit Facility 125,000,000 295,000,000 89,000,000
Proceeds from tower transaction 90,795,000 0 0
Purchase of treasury stock to be retired (58,679,000) (53,774,000) (6,850,000)
Payment of debt issuance costs (5,451,000) (13,979,000) (84,000)
Issuance of 2025 Notes 0 445,973,000 0
Purchase of non-controlling interests 0 (282,505,000) 0
Issuance of Searchlight note payable and derivative stock appreciation rights with related party 0 75,000,000 0
Payment of bond call premium 0 (20,244,000) 0
Distribution to non-controlling interest 0 (4,932,000) (50,000,000)
Other 196,000 677,000 887,000
Net cash provided by (used for) financing activities 19,656,000 (53,766,000) (85,632,000)
Net increase (decrease) in cash and cash equivalents (7,231,000) 11,126,000 (29,569,000)
Cash and cash equivalents at beginning of period 26,528,000 15,402,000 44,971,000
Cash and cash equivalents at end of period $ 19,297,000 $ 26,528,000 $ 15,402,000