Atn international, inc. (ATNI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

1,967

34,872

48,894

24,214

33,156

59,122

349,205

53,167

21,897

37,582

36,583

Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization

89,125

85,719

86,934

75,980

56,890

51,234

48,737

50,587

51,250

76,736

38,889

Provision for doubtful accounts

5,816

5,134

3,993

2,454

1,199

1,676

1,163

1,494

4,407

17,261

1,402

Amortization of debt discount and debt issuance costs

542

763

670

505

458

114

6,681

2,388

1,962

1,428

503

Stock-based compensation

6,384

6,420

6,977

6,410

4,975

4,323

4,454

3,323

2,737

2,043

1,364

Loss on interest rate derivative contracts

-

-

-

-

-

-

-5,408

-

-

-

-

Deferred income taxes

-2,192

-23,242

-13,505

-5,636

17,869

-113

-4,849

2,502

14,748

-348

1,620

Loss on equity investments

-

-

-

-

-

-

-

-

-

743

-

Loss on equity investments

4,724

-

2,033

-

-

-

-

-

-

-

-

(Gain) loss on disposition of long-lived assets

-2,841

26,425

-101

-27

2,823

-

1,076

11,605

2,397

-

-

Insurance recovery related to hurricane claims

-

-

34,606

-

-

-

-

-

-

-

-

Unrealized loss on foreign currency

-362

-1,342

1,209

-

-

-

-

-

-

-

-

Goodwill impairment

3,279

0

0

-

-

-

-

-

-

-

-

Income from discontinued operations, net of tax

-

-

-

-

-

-

5,166

29,202

10,222

-

-

Bargain purchase gain

-

-

-

7,304

-

-

-

-

-

27,024

-

Loss on damaged assets from Hurricanes

-

-

35,443

-

-

-

-

-

-

-

-

Gain on sale of investments

-

-

826

-

1,092

-

-

-

-

-

-

Impairment of long-lived assets

-

-

-

11,425

-

-

-

3,350

2,425

-

-

Pension funding required by Viya acquisition

-

-

-

22,494

-

-

-

-

-

-

-

Gain on sale of discontinued operations

-

-

-

-

-

1,102

307,102

-

-

-

-

Loss on deconsolidation of subsidiary

-

-

-529

-

-19,937

-

-

-

-

-

-

Other non-cash activity

-42

308

424

566

-

-

-

-

-

-

-

Changes in operating assets and liabilities, excluding the effects of acquisitions and dispositions:
Accounts receivable

3,511

1,682

4,074

-2,601

-11,744

15,264

-2,233

1,951

10,390

15,555

1,454

Materials and supplies, prepayments, and other current assets

1,613

-5,924

-1,002

8,410

1,094

4,817

17,117

700

-3,219

26,281

791

Prepaid income taxes

-4,581

-3,147

-996

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-4,006

-7,974

-1,926

11,098

1,712

Income tax receivable

-

-

-

-

-

2,620

-14,251

-11,545

1,922

-

-10,708

Accounts payable and accrued liabilities, advance payments and deposits and other current liabilities

-2,536

-7,044

4,649

6,522

-2,385

7,629

10,472

-4,404

-12,163

52,261

5,606

Accrued taxes

-19,053

29,089

-1,385

21,547

9,740

-15,650

-242,696

26,416

3,758

-3,461

-92

Other assets

5,711

238

-4,102

12,122

134

1,833

-

-

-

-

-

Other liabilities

2,940

1,778

4,583

15,371

-9,360

-

-

-

-

-

-

Net cash provided by operating activities of continuing operations

-

-

-

-

139,080

82,699

-131,396

114,884

71,235

102,801

92,626

Net cash provided by operating activities of discontinued operations

-

-

-

-

158

-4,719

19,394

72,587

61,368

-

-

Net cash provided by operating activities

87,903

115,865

145,725

111,656

139,238

77,980

-112,002

187,471

132,603

-

-

Cash flows from investing activities:
Capital expenditures

72,602

105,769

133,786

124,282

64,753

58,300

69,316

42,154

41,331

135,688

59,719

Hurricane rebuild capital expenditures

123

80,152

8,585

-

-

-

-

-

-

-

-

Hurricane insurance proceeds

-

34,606

-

-

-

-

-

-

-

-

-

Receipt of government grants

3,140

5,400

-

-

-

-

-

-

-

-

-

Acquisition of business, net of acquired cash of $0.0 million

-

-

1,183

146,395

11,968

50,361

-

-

-

225,551

24

Restricted cash acquired from acquisition of business

-

-

-

-

-

5,884

-

-

-

-

-

Purchase of spectrum licenses and other intangible assets, including deposits

-

-

36,832

10,860

-

-

-

-

-

-

-

Divestiture of businesses, net of transferred cash of $0.0 million, $11.5 million, and $2.1 million, respectively

6,572

48,270

22,381

-

-

-

-

-

-

-

-

Net proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

2,956

Change in restricted cash

-

-

-

-

-38,877

-38,707

-

-

-467

-4,782

5,248

Acquisitions of assets

-

-

-

-

-

-

-

-

-

57

25

Cash acquired in business combinations

-

-

-

-

-

-

-

-

4,087

53

-

Proceeds from sale of assets

-

-

-

1,424

5,873

1,371

1,500

15,163

1,200

-

-

Purchases of strategic investments

25,362

3,000

18,107

2,000

-

-

-

-

-

-

-

Acquisition of non-controlling interest in subsidiary

-

-

-

7,045

-

-

-

-

-

-

-

Purchase of short-term investments

8,028

138

-

7,422

-

-

-

-

-

-

-

Proceeds from sale of short-term investments

8,141

6,564

3,794

-

-

-

-

-

-

-

-

Proceeds from disposition of long-lived assets

-

6,900

-

-

-

-

-

-

-

-

-

Net cash used in investing activities of continuing operations

-

-

-

-

-

-74,467

-67,816

-26,991

-35,577

-356,461

-62,060

Net cash used in investing activities of discontinued operations, net

-

-

-

-

-

-

710,934

-35,267

-60,070

-

-

Net cash used in investing activities

-88,262

-87,319

-172,318

-296,580

-31,971

-

643,118

-62,258

-95,647

-

-

Cash flows from financing activities:
Dividends paid on common stock

10,880

10,866

19,227

20,965

19,070

17,488

12,096

18,491

13,703

12,569

11,301

Proceeds from new borrowings

-

-

8,571

125,800

-

-

-

-

-

-

-

Distributions to non-controlling interests

7,161

18,780

6,858

8,632

16,514

16,331

26,155

2,458

2,018

1,870

8,098

Payment of debt issuance costs

1,340

-

326

2,763

892

1,945

12

3,564

1,037

4,321

150

Acquisition of business, net of acquired cash of $0.0 million

-

-

1,178

-

-

-

-

-

-

-

-

Principal repayments of term loan

4,700

9,795

9,355

33,564

6,017

-

272,137

-

-

-

-

Repayments of long-term debt

-

-

-

-

-

-

-

260,793

13,450

49,568

750

Proceeds from stock option exercises

-

72

1,030

649

1,998

1,129

2,669

1,452

1,175

1,652

74

Stock-based compensation share repurchases

1,649

4,622

2,220

-

-

-

-

-

-

-

-

Principal repayments of revolver loan

-

-

-

-

-

-

-

74,534

132,911

-

-

Purchases of common stock- share repurchase plan

162

1,576

10,635

4,114

1,893

1,665

1,473

344

218

44

134

Proceeds from borrowings under term loan

-

-

-

-

-

-

-

275,000

-

200,000

-

Proceeds from borrowings under revolver loan

-

-

-

-

-

-

-

46,378

137,069

64,000

-

Repurchases of non-controlling interests

4,504

9,663

2,025

3,485

-

104

-

77

446

-

-

Investments made by minority shareholders in consolidated affiliates

488

-

122

22,408

950

2,500

408

1,061

784

3,463

375

Net cash provided by (used in) financing activities of continuing operations

-

-

-

-

-41,438

-

-308,796

-36,370

-24,755

200,743

-19,984

Net cash provided by financing activities of discontinued operations, net

-

-

-

-

-

-

-1,678

-931

-796

-

-

Net cash used in financing activities

-29,908

-55,230

-42,101

75,334

-41,438

-33,904

-310,474

-37,301

-25,551

-

-

Effect of foreign currency exchange rates on cash and cash equivalents

-282

-299

226

-626

-

-

-682

-

-

-

-

Net change in cash, cash equivalents, and restricted cash

-30,549

-26,983

-68,468

-110,216

65,829

-30,391

219,960

87,912

11,405

-52,917

10,582

Supplemental cash flow information:
Interest paid

4,554

7,235

7,411

4,451

2,724

2,930

4,857

14,388

18,173

11,518

3,814

Taxes paid

30,411

12,486

13,685

8,237

9,636

48,349

256,819

8,841

3,902

24,974

27,026

Noncash investing activity:
Transfer from inventory, materials and supplies to property, plant and equipment

-

6,708

-

-

-

-

-

-

-

-

-

Purchases of property, plant and equipment included in accounts payable and accrued expenses

11,668

12,877

19,466

16,847

7,705

5,136

-

-

-

-

-