Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net loss $ (24,722,000) $ (4,136,000) $ (25,866,000)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization expense 197,115,000 193,775,000 181,767,000
Unrealized (gain) loss on derivative instrument with related party 48,630,000 (3,120,000) 11,160,000
Deferred income tax expense (benefit) (41,426,000) 5,205,000 (1,847,000)
Share-based compensation expense 17,453,000 11,043,000 10,902,000
Loss on extinguishment of debt 649,000 640,000 27,700,000
Software impairment charge 0 0 29,839,000
Impairment of equity method investment 0 0 12,593,000
Other noncash income and expense items 13,112,000 11,696,000 16,142,000
Change in operating assets and liabilities (24,270,000) (14,827,000) (8,435,000)
Net cash provided by operating activities 186,541,000 200,276,000 253,955,000
Cash flows from investing activities:      
Purchases of property and equipment (189,366,000) (194,478,000) (176,235,000)
Restricted cash, net (14,532,000) 175,000 65,000
Purchases of other assets and intangible assets (12,952,000) (17,486,000) (13,955,000)
Grant proceeds 2,188,000 1,527,000 14,007,000
Proceeds from the sale of investment 591,000 0 7,551,000
Purchase of businesses, net of cash received (6,802,000) 0 (12,736,000)
Purchase of KKCC assets 0 (19,700,000) 0
Purchase of investments 0 (1,800,000) 0
Note receivable issued to an equity method investee 0 0 (3,000,000)
Other 0 4,599,000 (4,760,000)
Net cash used for investing activities (220,873,000) (227,163,000) (189,063,000)
Cash flows from financing activities:      
Borrowing on Senior Credit Facility 127,000,000 125,000,000 295,000,000
Repayment of debt, capital lease, and tower obligations (95,122,000) (132,205,000) (494,982,000)
Purchase of treasury stock to be retired (12,293,000) (58,679,000) (53,774,000)
Proceeds from Tower Transactions 6,839,000 90,795,000 0
Investment by non-controlling interest 6,783,000 0 0
Payment of debt issuance costs (2,563,000) (5,451,000) (13,979,000)
Issuance of 2025 Notes 0 0 445,973,000
Purchase of non-controlling interests 0 0 (282,505,000)
Issuance of Searchlight note payable and derivative stock appreciation rights with related party 0 0 75,000,000
Payment of bond call premium 0 0 (20,244,000)
Distribution to non-controlling interest 0 0 (4,932,000)
Other 13,000 196,000 677,000
Net cash provided by (used for) financing activities 30,657,000 19,656,000 (53,766,000)
Net increase (decrease) in cash and cash equivalents (3,675,000) (7,231,000) 11,126,000
Cash and cash equivalents at beginning of period 19,297,000 26,528,000 15,402,000
Cash and cash equivalents at end of period $ 15,622,000 $ 19,297,000 $ 26,528,000