XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities:    
Net income (loss) $ 1,069,006 $ 567,862
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 382,970 435,796
Realized and unrealized losses (gains) on investments   (3,117)
Non-cash, stock-based compensation 20,113 8,317
Deferred tax expense (benefit) 45,210 (41,065)
Allowance for credit losses and allowance for doubtful accounts, respectively 15,085 6,165
Other, net 142 69,851
Changes in current assets and current liabilities, net 170,372 (14,641)
Net cash flows from operating activities 1,702,898 1,029,168
Cash Flows From Investing Activities:    
(Purchases) Sales and maturities of marketable investment securities, net (445,675) 153,416
Purchases of property and equipment (233,261) (298,595)
Other, net 6,221 71,572
Net cash flows from investing activities (672,715) (73,607)
Cash Flows From Financing Activities:    
Redemption and repurchases of senior notes (1,100,000) (1,317,372)
Proceeds from the issuance of senior notes 1,000,000  
Advances to affiliates (82,415)  
Advances from affiliates   332,263
Repayment of long-term debt and finance lease obligations (38,867) (23,086)
Debt issuance costs (1,670)  
Other, net   (444)
Net cash flows from financing activities (222,952) (1,008,639)
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents 807,231 (53,078)
Cash, cash equivalents, restricted cash and cash equivalents, beginning of period (Note 4) 78,103 130,076
Cash, cash equivalents, restricted cash and cash equivalents, end of period (Note 4) $ 885,334 $ 76,998