Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (unaudited)

v3.20.2
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net earnings (loss) $ 803,112 $ 1,226,824
Adjustments to reconcile net earnings (loss) to net cash from operating activities:    
Depreciation and amortization 184,856 200,035
Stock-based compensation expense 11,389 18,153
Share of (earnings) losses of affiliates, net 7,504 2,443
Realized and unrealized (gains) losses on financial instruments, net (1,199,560) (1,844,863)
Deferred income tax expense (benefit) 336,874 478,850
Other, net 9,232 (2,843)
Change in operating assets and liabilities:    
Current and other assets (81,460) 39,289
Payables and other liabilities (4,048) (35,774)
Net cash provided (used) by operating activities 67,899 82,114
Cash flows from investing activities:    
Capital expended for property and equipment (107,247) (108,633)
Proceeds from derivative instrument   105,866
Settlement of derivative instrument   (105,866)
Other investing activities, net 25,634 6,340
Net cash provided (used) by investing activities (81,613) (102,293)
Cash flows from financing activities:    
Borrowings of debt   325,000
Repayment of debt, finance leases and tower obligations (6,596) (334,275)
Repurchases of GCI Liberty common stock   (43,910)
Other financing activities, net (3,060) (7,802)
Net cash provided (used) by financing activities (9,656) (60,987)
Net increase (decrease) in cash, cash equivalents and restricted cash (23,370) (81,166)
Cash, cash equivalents and restricted cash at beginning of period 576,150 492,032
Cash, cash equivalents and restricted cash at end of period $ 552,780 $ 410,866