Quarterly report pursuant to Section 13 or 15(d)

Condensed Combined Statements of Cash Flows

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Condensed Combined Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net earnings (loss) $ (17,422) $ 867,913
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,902 1,964
Stock-based compensation 2,877 2,846
Share of (earnings) losses of affiliates (30,389) (551,132)
(Gain) loss on dilution of investment in affiliate 38,797 (776,405)
Realized and unrealized (gains) losses on financial instruments, net (2,351) (92,990)
Deferred Income Tax Expense (Benefit) (10,921) 532,239
Other, net 129 (218)
Changes in operating assets and liabilities:    
Current and other assets (442) 8,433
Payables and other liabilities 6,506 (352)
Net cash provided (used) by operating activities (11,314) (7,702)
Cash flows from investing activities:    
Capital expended for property and equipment (9) (35)
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 6 441
Net cash provided (used) by investing activities (3) (4,990,580)
Cash flows from financing activities:    
Borrowings of debt   200,000
Cash received from issuance of Series C Liberty Broadband common stock   4,400,000
Payments from issuances of financial instruments (101,638)  
Proceeds from settlements of financial instruments 101,921  
Other financing activities, net 2,059 (487)
Net cash provided (used) by financing activities 2,342 4,599,513
Net increase in cash (8,975) (398,769)
Cash and cash equivalents, beginning of period 205,728 655,079
Cash and cash equivalents, end of period $ 196,753 $ 256,310