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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows From Operating Activities    
Net income $ 41,414 $ 31,743
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 104,503 106,002
Amortization 15,655 18,630
Accretion of asset retirement obligations 1,093 710
Bad debt expense 1,215 1,362
Stock based compensation expense, net of amount capitalized 3,158 4,578
Deferred income taxes 4,999 (1,989)
Net gain from patronage and investments (3,035) (2,412)
Amortization of long-term debt issuance costs 2,596 3,472
Changes in assets and liabilities:    
Accounts receivable (4,894) (5,492)
Inventory, net 704 741
Current income taxes 2,299 14,932
Waived management fee 29,016 28,164
Other assets (15,073) (13,393)
Operating lease right-of-use assets 38,262  
Lease liabilities (32,173)  
Accounts payable 7,023 (1,913)
Deferred lease 0 4,159
Other deferrals and accruals (3,303) (494)
Net cash provided by operating activities 193,459 188,800
Cash flows from investing activities:    
Capital expenditures (107,038) (92,309)
Cash disbursed for acquisitions (10,000) (52,000)
Cash disbursed for FCC spectrum licenses (16,742) 0
Proceeds from sale of assets and other 156 539
Net cash used in investing activities (133,624) (143,770)
Cash flows from financing activities:    
Principal payments on long-term debt (44,666) (46,375)
Proceeds from revolving credit facility borrowings 0 15,000
Principal payments on revolving credit facility 0 (15,000)
Proceeds from exercises of stock options 81 0
Taxes paid for equity award issuances (2,912) (2,033)
Other (9) 0
Net cash used in financing activities (47,506) (48,408)
Net increase (decrease) in cash and cash equivalents 12,329 (3,378)
Cash and cash equivalents, beginning of period 85,086 78,585
Cash and cash equivalents, end of period $ 97,415 $ 75,207