XML 21 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated 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 income (loss) $ 76,238 $ (175,656) $ (24,295)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, accretion, and amortization 638,189 660,021 627,072
Non-cash interest expense 2,203 1,505 27,112
Deferred income tax expense (benefit) 1,409 (5) 530
Non-cash asset impairment and decommission costs 25,693 89,406 18,384
Non-cash compensation expense 32,915 28,747 22,671
Amortization of deferred financing fees 21,136 19,154 17,572
(Gain) loss on remeasurement of U.S. denominated intercompany loan (90,030) 178,854 22,965
Gain on sale of cost method investments 0 (38,326) (12,461)
Loss from extinguishment of debt, net 52,701 783 26,204
Gain on foreign currency swap contract     (17,891)
Provision for doubtful accounts 22,516 896 365
Other non-cash items reflected in the Statements of Operations (4,837) (6,755) (7,754)
Changes in operating assets and liabilities, net of acquisitions:      
AR and costs and est. earnings in excess of billings on uncompleted contracts, net (7,270) 15,975 (36,245)
Prepaid expenses and other assets (40,289) (62,934) (62,185)
Accounts payable and accrued expenses (10,516) 7,366 5,475
Other liabilities 22,467 3,999 66,821
Net cash provided by operating activities 742,525 723,030 674,340
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions (276,835) (609,530) (1,585,222)
Capital expenditures (139,982) (208,707) (211,251)
Proceeds from sale of investments 712 89,728 20,889
Other investing activities (12,130) (8,556) 11,457
Net cash used in investing activities (428,235) (737,065) (1,764,127)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under Revolving Credit Facility 580,000 770,000 700,000
Repayments under Revolving Credit Facility (190,000) (895,000) (790,000)
Repayment of Term Loans (20,000) (190,000) (310,500)
Proceeds from Term Loans, net of fees   489,884 1,483,337
Payments on settlement of convertible debt     (499,721)
Payments for settlement of common stock warrants   (150,874) (884,985)
Proceeds from issuance of Tower Securities, net of fees 690,475 489,100 1,518,229
Repayment of Tower Securities (550,000)   (680,000)
Repurchase and retirement of common stock, inclusive of fees (545,689) (450,073)  
Other financing activities 8,394 12,714 (19,582)
Net cash (used in) provided by financing activities (288,557) 75,751 995,298
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 13,618 (12,993) 13,977
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 39,351 48,723 (80,512)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:      
Beginning of year 146,619 97,896 178,408
End of year 185,970 146,619 97,896
Cash paid during the period for:      
Interest 338,409 322,396 278,359
Income taxes 9,655 9,431 7,525
SUPPLEMENTAL CASH FLOW INFORMATION OF NON-CASH ACTIVITIES:      
Assets acquired through capital leases 1,386 $ 2,627 1,290
Issuance of stock for settlement of convertible debt and warrants, net     229
8.25% Senior Notes [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment for the redemption of Senior Notes     (253,805)
5.625% Senior Notes [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment for the redemption of Senior Notes (514,065)    
5.75% Senior Notes [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment for the redemption of Senior Notes (825,795)    
2014 Senior Notes [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from Senior Notes, net of fees     $ 732,325
2016 Senior Notes [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from Senior Notes, net of fees $ 1,078,123