| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
178,582 | 164,760 | 235,171 | 100,317 | 91,822 | 147,309 | 104,511 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
216,687 | 197,731 | 181,619 | 147,839 | 144,503 | 134,167 | 125,709 |
Amortization of debt issuance costs | ||||||
4,600 | 4,200 | 3,200 | 1,642 | 902 | 0 | - |
Equity-based compensation | ||||||
12,300 | 10,486 | 10,743 | 12,298 | 9,213 | 1,997 | 2,361 |
Write-off of debt issuance costs | ||||||
4,200 | 110 | 613 | - | 0 | - | - |
Excess income tax benefits for equity-based compensation activities | ||||||
- | - | - | 822 | 0 | 0 | - |
Gain on sale of cable system | ||||||
- | - | - | 4,096 | 0 | 0 | - |
Increase in deferred income taxes | ||||||
-50,011 | -34,973 | 87,223 | 1,497 | -12,078 | 4,276 | -2,645 |
(Gain) loss on asset sales and disposals, net | ||||||
-7,187 | -14,167 | -574 | -2,821 | -602 | -858 | -3,294 |
Net gain on sale of intangible assets | ||||||
- | - | - | - | - | 75,249 | 0 |
Changes in operating assets and liabilities, net of effects from acquisitions: | ||||||
Decrease in accounts receivable, net | ||||||
3,520 | 17 | -18,146 | -1,773 | 4,976 | -627 | 917 |
(Increase) decrease in income taxes receivable | ||||||
-8,567 | -10,618 | 16,784 | 4,547 | 0 | - | - |
Increase in prepaid and other current assets | ||||||
462 | 2,192 | -5,073 | 2,618 | -1,763 | 3,429 | 1,230 |
Increase (decrease) in accounts payable and accrued liabilities | ||||||
16,452 | -27,853 | 6,874 | 4,052 | 15,417 | -4,800 | 1,022 |
Increase in deferred revenue | ||||||
-1,432 | 3,946 | -20,547 | -1,324 | 1,359 | 3,200 | 0 |
Decrease in income taxes payable | ||||||
- | - | - | -5,928 | 2,073 | -322 | 1,344 |
Other, net | ||||||
1,487 | 3,123 | 12,947 | -7,211 | -1,516 | 2,801 | -3,198 |
Net cash provided by operating activities | ||||||
491,741 | 407,769 | 324,486 | 257,121 | 252,116 | 205,833 | 236,647 |
Purchase of business, net of cash acquired | ||||||
883,440 | 0 | 727,947 | - | 0 | - | - |
Capital expenditures | ||||||
262,352 | 217,766 | 179,363 | 130,824 | 172,064 | 165,787 | 141,949 |
Decrease in accrued expenses related to capital expenditures | ||||||
-4,511 | -2,005 | -4,167 | 16,190 | -10,225 | 11,613 | - |
Proceeds from sales of intangible assets | ||||||
- | - | - | - | - | 97,399 | 0 |
Proceeds from sale of cable system, net | ||||||
- | - | - | 6,752 | 0 | 0 | - |
Acquisition of cable system | ||||||
- | - | - | 2,672 | 0 | 0 | - |
Proceeds from sales of property, plant and equipment | ||||||
7,039 | 1,466 | 11,976 | 1,327 | 911 | 1,601 | 1,839 |
Other | ||||||
- | - | - | - | - | - | 71 |
Net cash used in investing activities | ||||||
-1,134,242 | -214,295 | -891,167 | -141,607 | -160,928 | -78,400 | -140,181 |
Cash flows from financing activities: | ||||||
Net transfers to GHC | ||||||
- | - | - | - | -42,665 | -131,277 | -96,789 |
Proceeds from long-term debt borrowings | ||||||
1,275,000 | 0 | 750,000 | - | 541,114 | 0 | 0 |
Payment of debt issuance costs | ||||||
11,844 | 2,131 | 15,224 | - | 1,768 | 0 | 0 |
Payments on long-term debt | ||||||
702,880 | 14,391 | 100,642 | 3,767 | 1,250 | 0 | 0 |
Repurchases of common stock | ||||||
5,073 | 26,582 | 528 | 56,370 | 16,367 | 0 | 0 |
Payment of withholding tax for equity awards | ||||||
3,000 | 7,200 | 5,000 | 2,190 | 0 | 0 | - |
Dividends paid to stockholders | ||||||
48,527 | 42,854 | 37,216 | 34,445 | 8,782 | 0 | 0 |
Other | ||||||
0 | 2,000 | -1,014 | - | - | - | - |
Dividends paid to GHC | ||||||
- | - | - | - | 450,000 | 0 | 0 |
Excess income tax benefits for equity-based compensation activities | ||||||
- | - | - | 822 | 0 | 0 | - |
Change in cash overdraft | ||||||
- | - | - | -723 | 1,319 | 4,016 | -739 |
Net cash provided by financing activities | ||||||
503,659 | -91,113 | 590,393 | -96,673 | 21,601 | -127,261 | -97,528 |
Increase (decrease) in cash and cash equivalents | ||||||
-138,842 | 102,361 | 23,712 | 18,841 | 112,789 | 172 | -1,062 |
Supplemental cash flow disclosures: | ||||||
Cash paid for interest, net of capitalized interest | ||||||
67,907 | 56,412 | 43,327 | 28,628 | 14,038 | 0 | 0 |
Cash paid for income taxes, net of refunds received | ||||||
-3,585 | 1,811 | 59,622 | 73,007 | 29,970 | 5,629 | 3,128 |
Non-cash investing and financing activity: | ||||||
Equipment financed with capital lease | ||||||
- | - | - | - | 301 | 0 | 0 |
Capital expenditures in accounts payable | ||||||
- | - | - | - | - | - | 18,297 |