Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income (loss) $ (55,246) $ 982
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 49,937 47,142
Deferred income tax expense 46,596 3,067
Share-based compensation expense 3,138 2,327
Unrealized (income) loss on derivative instrument with related party 2,910 (4,530)
Other noncash income and expense items 3,165 2,446
Change in operating assets and liabilities (14,665) (9,509)
Net cash provided by operating activities 35,835 41,925
Cash flows from investing activities:    
Purchases of property and equipment (53,465) (44,598)
Purchase of business, net of cash received (6,341) 0
Purchases of other assets and intangible assets (4,207) (3,947)
Note receivable payment from an equity method investee 0 3,000
Other (3,755) (8)
Net cash used for investing activities (67,768) (45,553)
Cash flows from financing activities:    
Borrowing on Amended Senior Credit Facility 40,000 25,000
Repayment of debt, capital lease, and tower obligations (13,228) (22,955)
Purchase of treasury stock to be retired (5,573) (11,551)
Proceeds from tower sale 3,656 0
Other 2,540 64
Net cash provided by (used for) financing activities 27,395 (9,442)
Net decrease in cash and cash equivalents (4,538) (13,070)
Cash and cash equivalents at beginning of period 19,297 26,528
Cash and cash equivalents at end of period $ 14,759 $ 13,458