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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 104,943 $ 42,527
Income from discontinued operations, net of tax 100,038 42,913
Income (loss) from continuing operations 4,905 (386)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 26,144 23,694
Amortization 421 321
Accretion of asset retirement obligations 184 163
Bad debt expense 448 436
Stock based compensation expense, net of amount capitalized 834 4,169
Deferred income taxes 3,251 (499)
Gain from patronage and investments (833) (236)
Changes in assets and liabilities:    
Accounts receivable 4,369 278
Current income taxes (1,305) (335)
Operating lease right-of-use assets 1,870 (3,621)
Other assets (6,524) (2,300)
Accounts payable 560 (359)
Lease liabilities (2,298) (1,069)
Other deferrals and accruals (3,852) 9,047
Net cash provided by operating activities - continuing operations 28,174 29,303
Net cash provided by operating activities - discontinued operations 125,011 99,636
Net cash provided by operating activities 153,185 128,939
Cash flows from investing activities:    
Capital expenditures (79,562) (52,888)
Cash disbursed for deposit on FCC spectrum leases 0 (1,200)
Proceeds from sale of assets and other 189 264
Net cash used in investing activities - continuing operations (79,373) (53,824)
Net cash used in investing activities - discontinued operations (928) (13,716)
Net cash used in investing activities (80,301) (67,540)
Cash flows from financing activities:    
Payments for debt issuance costs (53) 0
Taxes paid for equity award issuances (1,627) (2,182)
Payments for financing arrangements and other (751) (95)
Net cash used in financing activities - continuing operations (2,431) (2,277)
Net cash used in financing activities - discontinued operations (17,061) (17,061)
Net cash used in financing activities (19,492) (19,338)
Net increase in cash and cash equivalents 53,392 42,061
Cash and cash equivalents, beginning of period 195,397 101,651
Cash and cash equivalents, end of period $ 248,789 $ 143,712