| 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 (loss) | ||||||||||
-19,931 | -50,571 | 65,299 | 15,196 | -671 | 15,388 | 31,141 | 6,171 | 26,982 | 33,152 | 25,935 |
Income from discontinued operations, net of tax | ||||||||||
- | - | - | - | - | - | 1,177 | 1,206 | 2,694 | - | - |
Net income (loss) from continuing operations | ||||||||||
- | - | - | - | - | - | 29,964 | 4,965 | 24,288 | - | - |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
381,237 | 432,668 | 291,873 | 174,010 | 179,922 | 149,435 | 139,274 | 120,332 | 88,090 | 87,142 | 85,227 |
Impairment of intangible assets | ||||||||||
- | - | - | - | - | - | - | 1,236 | - | - | - |
Deferred income taxes | ||||||||||
-5,249 | -26,008 | -126,127 | 20,863 | 5,828 | 10,244 | 16,045 | -757 | 8,546 | -2,390 | 57 |
Loss on disposal of assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | -2,491 |
Cash distributions from wireless partnerships in less than current earnings | ||||||||||
1,901 | 194 | 1,411 | 504 | -8,585 | -212 | 2,949 | 1,309 | -945 | -16 | 3,091 |
Pension and post-retirement contributions in excess of expense | ||||||||||
-24,507 | -30,361 | -15,200 | - | - | - | - | - | - | - | - |
Stock-based compensation expense | ||||||||||
6,836 | 5,119 | 2,766 | 3,017 | 3,060 | 3,636 | 3,028 | 2,348 | 2,132 | 2,363 | 1,927 |
Amortization of deferred financing costs | ||||||||||
4,932 | 4,721 | 17,076 | 3,223 | 3,378 | 4,364 | 2,209 | 6,360 | 1,411 | 1,293 | 1,301 |
Gain on extinguishment of debt | ||||||||||
4,510 | - | - | -6,559 | -41,242 | -13,785 | -7,657 | -4,455 | - | - | - |
Other, net | ||||||||||
-1,487 | -6,066 | -3,208 | 920 | -506 | -2,973 | -1,788 | 332 | -12 | 3,112 | - |
Changes in operating assets and liabilities, net of acquired businesses: | ||||||||||
Accounts receivable, net | ||||||||||
-13,120 | 2,044 | 2,607 | -5,353 | -8,688 | -11,896 | -5,937 | 1,797 | -6,037 | -113 | -2,967 |
Income tax receivable | ||||||||||
-9,908 | -10,754 | -180 | -2,251 | 4,927 | 3,406 | -2,224 | 2,846 | 2,498 | 3,699 | -775 |
Prepaid expenses and other assets | ||||||||||
1,546 | 12,785 | -1,059 | 14,282 | -163 | -1,953 | 1,111 | 803 | - | - | - |
Inventories | ||||||||||
- | - | - | - | - | - | - | - | - | - | -608 |
Other assets | ||||||||||
- | - | - | - | - | - | - | - | -421 | -317 | -363 |
Accounts payable | ||||||||||
-1,566 | 8,359 | 4,968 | -1,067 | -2,701 | -1,904 | -10,069 | 4,496 | 2,175 | -2,501 | 1,146 |
Accrued expenses and other liabilities | ||||||||||
-19,214 | 11,597 | -31,057 | 4,534 | -23,894 | -20,791 | -25,467 | -16,616 | -7,257 | 3,448 | -3,399 |
Net cash provided by operating activities | ||||||||||
339,096 | 357,321 | 210,027 | 218,233 | 219,179 | 187,785 | 164,356 | 123,215 | 129,504 | - | - |
Net cash used in discontinued operations | ||||||||||
- | - | - | - | - | - | -4,174 | 3,483 | 5,202 | - | - |
Net cash provided by operating activities | ||||||||||
- | - | - | - | - | - | 168,530 | 119,732 | 124,302 | 116,142 | 116,307 |
Cash flows from investing activities: | ||||||||||
Business acquisition, net of cash acquired | ||||||||||
- | - | 862,385 | 13,422 | - | 139,558 | - | 385,346 | - | - | - |
Purchases of property, plant and equipment, net | ||||||||||
232,203 | 244,816 | 181,185 | 125,192 | 133,934 | 108,998 | 107,363 | 76,998 | 41,794 | 42,917 | 42,352 |
Purchase of investments | ||||||||||
- | - | - | - | - | 100 | 403 | 6,728 | - | - | - |
Proceeds from sale of assets | ||||||||||
14,718 | 2,125 | 859 | 208 | 13,548 | 1,795 | 330 | 924 | 840 | 1,065 | 725 |
Proceeds from business dispositions | ||||||||||
- | 20,999 | - | 30,119 | - | - | - | - | - | - | - |
Distributions from investments | ||||||||||
-329 | -233 | - | - | -846 | - | - | - | - | - | - |
Other | ||||||||||
663 | - | - | - | - | - | - | 314 | -272 | -35 | - |
Net cash used in investing activities | ||||||||||
-217,819 | -221,459 | -1,042,711 | -108,287 | -119,540 | -246,861 | -105,105 | -468,559 | -40,801 | - | - |
Net cash provided by discontinued operations | ||||||||||
- | - | - | - | - | - | 2,331 | -97 | -119 | - | - |
Net cash used in investing activities | ||||||||||
- | - | - | - | - | - | -107,436 | -468,462 | -40,682 | -41,817 | -41,627 |
Cash flows from financing activities: | ||||||||||
Proceeds from bond offering | ||||||||||
- | - | - | - | 294,780 | 200,000 | - | 298,035 | - | - | - |
Proceeds from issuance of long-term debt | ||||||||||
195,000 | 189,588 | 1,052,325 | 936,750 | 69,000 | 80,000 | 989,450 | 544,850 | - | - | - |
Payment of finance lease obligations | ||||||||||
12,519 | 12,755 | 7,933 | 2,885 | 1,107 | 703 | 516 | 228 | 149 | 399 | 922 |
Payment on long-term debt | ||||||||||
195,350 | 207,938 | 111,337 | 943,050 | 107,100 | 63,100 | 990,961 | 510,038 | - | - | - |
Distributions to noncontrolling interest | ||||||||||
- | - | - | - | - | - | - | 1,850 | - | 1,850 | - |
Repurchase and retirement of common stock | ||||||||||
- | - | - | - | - | - | - | 559 | 726 | 1,001 | 545 |
Repurchase of senior notes | ||||||||||
49,804 | - | - | - | 261,874 | 84,127 | - | - | - | - | - |
Payment of financing costs | ||||||||||
- | - | 16,732 | 9,912 | 4,805 | 7,438 | 6,576 | 18,616 | 3,471 | - | - |
Share repurchases for minimum tax withholding | ||||||||||
363 | 593 | 571 | 1,231 | 1,125 | 1,856 | 887 | - | - | - | - |
Dividends on common stock | ||||||||||
55,445 | 110,222 | 94,138 | 78,419 | 78,209 | 62,341 | 62,064 | 54,100 | 46,307 | 46,179 | 45,926 |
Other | ||||||||||
- | - | -350 | - | - | -231 | - | - | - | - | - |
Net cash used in financing activities | ||||||||||
-118,481 | -141,920 | 821,264 | -98,747 | -90,440 | 60,204 | -71,554 | 257,494 | -50,653 | -49,429 | -47,393 |
Change in cash and cash equivalents | ||||||||||
2,796 | -6,058 | -11,420 | 11,199 | 9,199 | 1,128 | -12,303 | -87,850 | 38,050 | 24,896 | 27,287 |
Statement of Cash Flows Information | ||||||||||
Interest paid | ||||||||||
- | - | - | - | - | - | - | - | - | - | 56,026 |
Income taxes paid | ||||||||||
- | - | - | - | - | - | - | - | - | - | 10,996 |