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
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ (73,095) $ 12,107
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 147,547 143,033
Unrealized (income) loss on derivative instrument with related party 53,970 (15,840)
Share-based compensation expense 13,741 7,820
Deferred income tax expense 2,757 7,565
Other noncash income and expense items 11,280 11,994
Change in operating assets and liabilities 19,397 23,926
Net cash provided by operating activities 175,597 190,605
Cash flows from investing activities:    
Purchases of property and equipment (152,768) (149,842)
Purchases of other assets and intangible assets (8,311) (10,226)
Purchase of business, net of cash received (6,802) 0
Grant proceeds 2,188 0
Note receivable payment from an equity method investee 0 3,000
Proceeds from sale of investment 0 1,377
Other (1,233) (1,591)
Net cash used for investing activities (166,926) (157,282)
Cash flows from financing activities:    
Repayment of debt, capital lease, and tower obligations (91,761) (69,013)
Borrowing on Amended Senior Credit Facility 82,000 60,000
Proceeds from tower sale 6,755 90,795
Purchase of treasury stock to be retired (5,912) (47,655)
Payment of debt modification costs (2,563) 0
Other 2,716 (1,356)
Net cash provided by (used for) financing activities (8,765) 32,771
Net increase (decrease) in cash and cash equivalents (94) 66,094
Cash and cash equivalents at beginning of period 19,297 26,528
Cash and cash equivalents at end of period $ 19,203 $ 92,622