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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows From Operating Activities:    
Net income (loss) $ 243,238 $ 448,846
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 245,697 176,341
Realized and unrealized losses (gains) on investments, derivatives and other 29,220 (42,546)
Non-cash, stock-based compensation 12,037 15,285
Deferred tax expense (benefit) 70,745 122,386
Changes in allowance for credit losses 171 (4,599)
Change in long-term deferred revenue and other long-term liabilities 1,214 4,017
Other, net 38,579 58,885
Changes in current assets and current liabilities, net 96,473 (73,271)
Net cash flows from operating activities 737,374 705,344
Cash Flows From Investing Activities:    
Purchases of marketable investment securities (368,091) (55,200)
Sales and maturities of marketable investment securities 914,422 2,512,274
Purchases of property and equipment (707,210) (629,374)
Capitalized interest related to FCC authorizations (Note 2) (199,395) (266,917)
Purchases of FCC authorizations, including deposits   (7,206,757)
Other, net (704) 3,348
Net cash flows from investing activities (360,978) (5,642,626)
Cash Flows From Financing Activities:    
Repayment of long-term debt and finance lease obligations (25,626) (5,818)
Redemption and repurchases of senior notes (1,443,179) (1,175)
Proceeds from issuance of senior notes 1,500,000  
Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan 2,867 4,616
Debt issuance costs and debt (discount) premium 21,635  
Proceeds from accrued interest 34,760  
Other, net (5,073) 4,428
Net cash flows from financing activities 85,384 2,051
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents 461,780 (4,935,231)
Cash, cash equivalents, restricted cash and cash equivalents, beginning of period (Note 5) 1,847,981 7,734,260
Cash, cash equivalents, restricted cash and cash equivalents, end of period (Note 5) $ 2,309,761 $ 2,799,029