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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Cash flows from operating activities:      
Net income $ (708) $ 1,967 $ 34,872
Adjustments to reconcile net income to net cash flows provided by operating activities:      
Depreciation and amortization 88,311 89,125 85,719
Provision for doubtful accounts 5,010 5,816 5,134
Amortization of debt discount and debt issuance costs 530 542 763
Stock-based compensation 5,912 6,384 6,420
Deferred income taxes (7,317) (2,192) (23,242)
Loss on equity investments 3,427 4,724  
(Gain) loss on disposition of long-lived assets 21,572 2,841 (26,425)
Goodwill impairment 0 3,279 0
Unrealized loss on foreign currency 357 362 1,342
Other non-cash activity   (42) 308
Changes in operating assets and liabilities, excluding the effects of acquisitions and dispositions:      
Accounts receivable (17,774) (3,511) (1,682)
Materials and supplies, prepayments, and other current assets (18,624) (1,613) 5,924
Prepaid income taxes 2,218 4,581 3,147
Accounts payable and accrued liabilities, advance payments and deposits and other current liabilities 12,597 (2,536) (7,044)
Accrued taxes 799 (19,053) 29,089
Other assets (8,790) (5,711) (238)
Other liabilities (1,236) 2,940 1,778
Net cash provided by operating activities 86,284 87,903 115,865
Cash flows from investing activities:      
Capital expenditures (75,323) (72,602) (105,769)
Hurricane rebuild capital expenditures   (123) (80,152)
Hurricane insurance proceeds     34,606
Receipt of government grants 16,316 3,140 5,400
Divestiture of businesses, net of transferred cash of $0.0 million, $0.0 million, and $11.5 million, respectively   6,572 48,270
Purchase of spectrum; including deposits (20,396)    
Purchases of strategic investments (2,768) (25,362) (3,000)
Proceeds from strategic investments 11,969    
Purchase of short-term investments (116) (8,028) (138)
Proceeds from disposition of long-lived assets     6,900
Proceeds from sale of short-term investments 120 8,141 6,564
Net cash used in investing activities (70,198) (88,262) (87,319)
Cash flows from financing activities:      
Dividends paid on common stock (10,891) (10,880) (10,866)
Distributions to non-controlling interests (10,368) (7,161) (18,780)
Payment of debt issuance costs (1,096) (1,340)  
Principal repayments of term loan (13,751) (4,700) (9,795)
Proceeds from stock option exercises     72
Purchases of common stock - stock-based compensation (1,733) (1,649) (4,622)
Purchases of common stock - share repurchase plan (6,589) (162) (1,576)
Repurchases of non-controlling interests (28,939) (4,504) (9,663)
Investments made by minority shareholders in consolidated affiliates   488  
Net cash used in financing activities (73,367) (29,908) (55,230)
Effect of foreign currency exchange rates on cash and cash equivalents (80) (282) (299)
Net change in cash, cash equivalents, and restricted cash (57,361) (30,549) (26,983)
Total cash, cash equivalents, and restricted cash, beginning of period 162,358 192,907 219,890
Total cash, cash equivalents, and restricted cash, end of period 104,997 162,358 192,907
Supplemental cash flow information:      
Interest paid 4,829 4,554 7,235
Taxes paid 6,117 30,411 12,486
Dividends declared, not paid 2,703 2,721 2,720
Noncash investing activity:      
Transfer (to) from operating activities to property, plant and equipment (1,219)   6,708
Purchases of property, plant and equipment included in accounts payable and accrued expenses $ 21,746 $ 11,668 $ 12,877