Annual report pursuant to Section 13 and 15(d)

Condensed Combined Statements of Cash Flows

v3.6.0.2
Condensed Combined Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net earnings (loss) $ 917,303 $ (50,187) $ (134,605)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 4,005 6,088 9,043
Stock-based compensation 5,713 6,380 999
Impairment of intangible assets   20,669 35,221
Cash payments for stock-based compensation 591 1,268 732
Share of earnings (losses) of affiliates (641,544) 120,962 127,573
Gain (loss) on dilution of investment in affiliate (770,766) 7,198 87,158
Realized and unrealized (gains) losses on financial instruments, net (94,122) (2,619) (51,189)
Deferred Income Tax Expense (Benefit) 560,778 (24,964) (66,703)
Other, net 1,033 (1,440) 18
Changes in operating assets and liabilities:      
Current and other assets 9,161 (1,238) 446
Payables and other liabilities (2,868) (44,292) (4,501)
Net cash provided by operating activities (11,898) 35,289 2,728
Cash flows from investing activities:      
Capital expended for property and equipment (267) (731) (1,398)
Cash paid for acquisitions, net of cash acquired     (48,088)
Investments in equity method affiliates (5,000,000)   (175,857)
Amounts loaned to former parent     (55,646)
Repayments by former parent on loan receivable     80,012
Purchases of short term investments and other marketable securities (155,444) (18,032) (9,001)
Sales of short term investments and other marketable securities 164,458 18,019  
Other investing activities, net 453 (1,735) (8)
Net cash used in investing activities (4,990,800) (2,479) (209,986)
Cash flows from financing activities:      
Cash received from rights offering   697,309  
Borrowings of debt 200,000 67,995 372,000
Cash received from issuance of Series C Liberty Broadband common stock 4,400,000    
Repayments of debt   (40,000)  
Contribution from (distribution to) former parent, net     (129,184)
Proceeds (payments) from issuances of financial instruments (47,888) 30,158 130,237
Payments from settlements of financial instruments   (182,192) (130,237)
Other financing activities, net 1,235 4,190  
Net cash provided by (used in) financing activities 4,553,347 577,460 242,816
Net increase in cash (449,351) 610,270 35,558
Cash and cash equivalents, beginning of period 655,079 44,809 9,251
Cash and cash equivalents, end of period 205,728 655,079 44,809
Supplemental Cash Flow Information [Abstract]      
Cash paid for interest 13,783 7,251 1,078
Cash paid (received) for taxes $ (9,410) $ 5,485 $ 2,870