| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income | ||||||||||
37,520 | 28,667 | 5,876 | 14,929 | 4,896 | 797 | 56,689 | -4,251 | 7,542 | 669 | -17,151 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
80,200 | 81,200 | 75,900 | 75,235 | 70,527 | 69,481 | 64,358 | 62,478 | 59,850 | 56,524 | 59,913 |
Amortization of debt discount and premium | ||||||||||
1,807 | 1,533 | 1,239 | 1,105 | 171 | 1,976 | 6,086 | 6,031 | 5,609 | 4,950 | 4,545 |
Equity-based compensation expense (net of amounts capitalized) | ||||||||||
18,500 | 17,700 | 13,300 | 10,735 | 11,515 | 9,571 | 8,719 | 8,323 | 7,695 | 6,637 | 8,607 |
Asset impairment | ||||||||||
- | - | - | - | - | - | - | - | - | 594 | - |
Losses on debt extinguishment and redemption | ||||||||||
- | - | - | -587 | -10,144 | - | - | - | - | - | - |
Gains on capital lease terminations | ||||||||||
- | - | - | - | -11,643 | - | - | - | - | - | - |
Gains on Lease terminations | ||||||||||
- | - | - | - | - | - | - | - | 2,739 | - | - |
Gains - equipment transactions and other, net | ||||||||||
358 | 1,109 | 4,833 | 7,674 | 4,866 | 10,382 | 1,001 | 971 | 96 | 208 | 219 |
Unrealized foreign currency exchange gain on 2024 Euro notes | ||||||||||
2,273 | - | - | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||
12,158 | 11,117 | 24,679 | 9,224 | 7,709 | 3,163 | 50,069 | -2,692 | 5,735 | 1,436 | 1,389 |
Changes in operating assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
-1,067 | 3,204 | 4,161 | 3,183 | -1,119 | 3,938 | 6,293 | -1,247 | 1,554 | 1,603 | 138 |
Prepaid expenses and other current assets | ||||||||||
3,730 | 438 | -1,146 | 2,923 | 2,898 | 2,338 | 3,642 | -459 | 1,238 | 1,257 | 1,003 |
Accounts payable, accrued liabilities and other long-term liabilities | ||||||||||
5,042 | -96 | -2,571 | 10,268 | -2,644 | 4,497 | 6,234 | 4,371 | 6,137 | 7,495 | 3,143 |
Deposits and other assets | ||||||||||
-1,131 | -1,490 | 1,111 | -336 | 221 | -219 | -770 | 436 | -343 | 888 | -636 |
Net cash provided by operating activities | ||||||||||
148,809 | 133,921 | 111,702 | 107,967 | 83,809 | 73,046 | 81,851 | 79,943 | 75,814 | 71,477 | 56,944 |
Cash flows from investing activities: | ||||||||||
Purchases of property and equipment | ||||||||||
46,958 | 49,937 | 45,801 | 45,234 | 35,582 | 60,032 | 49,031 | 44,337 | 45,856 | 52,757 | 49,507 |
Maturities of short-term investments | ||||||||||
- | - | - | - | - | - | - | - | - | - | 62 |
Purchase of other assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | 246 |
Proceeds from asset sales | ||||||||||
- | - | - | - | 111 | 90 | 50 | 141 | 44 | 530 | 338 |
Net cash used in investing activities | ||||||||||
-46,958 | -49,937 | -45,801 | -45,234 | -35,471 | -59,942 | -48,981 | -44,196 | -45,812 | -52,227 | -49,353 |
Cash flows from financing activities: | ||||||||||
Net proceeds from issuance of 2022 secured notes - net of debt costs of $1,363 | ||||||||||
152,134 | 69,861 | - | 124,267 | 248,603 | 195,824 | - | - | - | - | - |
Extinguishment of 2021 unsecured notes | ||||||||||
- | - | - | -10,775 | - | - | - | - | - | - | - |
Redemption of 2018 secured notes | ||||||||||
- | - | - | - | 251,280 | - | - | - | - | - | - |
Repayments of convertible notes | ||||||||||
- | - | - | - | - | 91,978 | - | - | - | - | - |
Dividends paid | ||||||||||
112,647 | 97,887 | 81,657 | 68,210 | 66,314 | 54,216 | 35,352 | 9,549 | - | - | - |
Purchases of common stock | ||||||||||
- | 6,564 | 1,829 | 4,492 | 39,394 | 58,582 | - | 1,265 | 2,969 | - | 730 |
Net proceeds from issuance of senior unsecured notes | ||||||||||
- | - | - | - | - | - | - | - | 170,512 | - | - |
Proceeds from exercises of stock options | ||||||||||
1,637 | 1,768 | 1,222 | 1,220 | 423 | 533 | 1,218 | 404 | 633 | 274 | 357 |
Principal payments on installment payment agreement | ||||||||||
10,007 | 9,437 | 3,802 | 21,203 | 670 | - | - | - | - | - | - |
Principal payments of finance lease obligations | ||||||||||
9,097 | 10,286 | 11,201 | 12,466 | 20,215 | 18,208 | 11,164 | 16,794 | 15,540 | 19,148 | 23,167 |
Net cash used in financing activities | ||||||||||
22,020 | -52,545 | -97,267 | 8,341 | -128,847 | -26,627 | 24,584 | -27,204 | 152,636 | -18,874 | -23,540 |
Effect of exchange rates changes on cash | ||||||||||
-542 | -2,357 | 4,058 | -346 | -3,690 | -3,553 | 127 | 535 | -714 | -22 | 587 |
Net decrease in cash and cash equivalents | ||||||||||
123,329 | 29,082 | -27,308 | 70,728 | -84,199 | -17,076 | 57,581 | 9,078 | 181,924 | 354 | -15,362 |
Supplemental disclosure of non-cash financing activities: | ||||||||||
Cash paid for interest | ||||||||||
56,022 | 48,918 | 47,032 | 37,125 | 44,383 | 46,531 | 34,511 | 26,107 | 24,602 | 11,925 | 10,420 |
Cash paid for income taxes | ||||||||||
3,409 | 2,444 | 441 | 143 | 577 | 1,896 | 822 | 428 | 810 | 303 | 253 |
Supplemental disclosure of non-cash financing activities: | ||||||||||
Fair value of equipment acquired in leases | ||||||||||
1,207 | - | - | 2,110 | 595 | 174 | - | - | - | - | - |
Non-cash component of network equipment obtained in exchange transactions | ||||||||||
978 | 968 | 3,861 | 7,739 | 8,156 | 11,031 | 934 | 1,127 | - | - | - |
PP&E obtained for installment payment agreement | ||||||||||
11,255 | 9,925 | 9,027 | 5,521 | 21,873 | - | 8,029 | 273 | 2,365 | - | - |
Finance lease obligations incurred | ||||||||||
14,307 | 20,050 | 22,595 | 18,439 | 25,794 | 28,707 | 33,428 | 17,805 | 41,959 | 23,291 | 27,803 |