Quarterly report pursuant to Section 13 or 15(d)

Condensed Combined Statements of Cash Flows

v3.5.0.2
Condensed Combined Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net earnings (loss) $ 871,702 $ (21,786)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,935 4,920
Stock-based compensation 4,582 4,782
Excess tax benefit from stock-based compensation   (1,200)
Share of earnings (losses) of affiliates (570,178) 65,747
Realized and unrealized (gains) losses on financial instruments, net (92,990) 12,091
Gain (loss) on dilution of investment in affiliate (760,074) 2,113
Deferred Income Tax Expense (Benefit) 533,626 (26,406)
Other, net 112 (2,565)
Changes in operating assets and liabilities:    
Current and other assets 7,954 904
Payables and other liabilities (2,702) 11,826
Net cash provided by operating activities (5,033) 51,626
Cash flows from investing activities:    
Capital expended for property and equipment (154) (2,616)
Purchases of short term investments and other marketable securities 155,444  
Sales of short term investments and other marketable securities 164,458  
Investment in equity method affiliate (5,000,000)  
Other investing activities, net 453 112
Net cash used in investing activities (4,990,687) (2,504)
Cash flows from financing activities:    
Cash received from rights offering   697,309
Borrowings of debt 200,000 40,000
Cash received from issuance of Series C Liberty Broadband common stock 4,400,000  
Repayments of debt   (40,000)
Proceeds from issuances of financial instruments   30,158
Payments from settlements of financial instruments   (182,192)
Other financing activities, net (318) 4,178
Net cash provided by (used in) financing activities 4,599,682 549,453
Net increase in cash (396,038) 598,575
Cash and cash equivalents, beginning of period 655,079 44,809
Cash and cash equivalents, end of period $ 259,041 $ 643,384