| Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 | Jun'10 | Mar'10 | Dec'09 | Sep'09 | Jun'09 | Mar'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows From Operating Activities | |||||||||||||||||||||||||
Net income (loss) | |||||||||||||||||||||||||
-358,000 | 730,000 | 781,000 | 615,000 | 810,000 | 569,000 | 816,000 | 710,000 | 661,000 | 698,000 | 948,000 | 572,000 | 716,000 | 741,000 | 723,000 | 521,000 | 709,000 | 683,000 | 683,000 | 500,000 | 554,000 | 575,000 | -7,000 | 384,000 | 418,000 | 212,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||||||||||||||||
Depreciation and amortization expense | |||||||||||||||||||||||||
721,000 | 730,000 | 745,000 | 755,000 | 729,000 | 714,000 | 711,000 | 708,000 | 731,000 | 678,000 | 626,000 | 618,000 | 598,000 | 595,000 | 568,000 | 554,000 | 616,000 | 611,000 | 622,000 | 616,000 | 625,000 | 619,000 | 632,000 | 663,000 | 679,000 | 666,000 |
Venezuelan currency devaluation charge | |||||||||||||||||||||||||
- | - | 0 | 0 | 0 | 281,000 | 0 | 0 | 0 | 166,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Amortization of deferred revenues and deferred credits | |||||||||||||||||||||||||
12,000 | 11,000 | 11,000 | 13,000 | 12,000 | 12,000 | 13,000 | 14,000 | 13,000 | 13,000 | 21,000 | 14,000 | 28,000 | 12,000 | 12,000 | 9,000 | 10,000 | 8,000 | 9,000 | 10,000 | 9,000 | 8,000 | 10,000 | 10,000 | 10,000 | 18,000 |
Share-based compensation expense | |||||||||||||||||||||||||
26,000 | 27,000 | 34,000 | 25,000 | 25,000 | 20,000 | 21,000 | 20,000 | 25,000 | 34,000 | 32,000 | 19,000 | 31,000 | 27,000 | 27,000 | 23,000 | 31,000 | 22,000 | 22,000 | 22,000 | 18,000 | 20,000 | 16,000 | 14,000 | 8,000 | 17,000 |
Equity in earnings from unconsolidated affiliates | |||||||||||||||||||||||||
24,000 | 33,000 | 34,000 | 21,000 | 34,000 | 44,000 | 112,000 | 30,000 | 24,000 | 32,000 | 24,000 | 33,000 | 41,000 | 33,000 | 26,000 | 28,000 | 30,000 | 25,000 | 20,000 | 32,000 | 17,000 | 21,000 | - | - | - | - |
Net foreign currency transaction loss (gain) | |||||||||||||||||||||||||
-33,000 | -31,000 | -14,000 | -84,000 | 5,000 | 6,000 | -10,000 | -9,000 | -39,000 | 6,000 | -2,000 | -2,000 | -43,000 | 13,000 | -4,000 | -72,000 | 18,000 | 8,000 | 4,000 | 18,000 | -3,000 | -8,000 | - | - | - | - |
Dividends received | |||||||||||||||||||||||||
0 | 7,000 | - | - | - | - | - | - | - | - | - | - | - | - | 7,000 | 20,000 | 32,000 | 45,000 | 20,000 | 11,000 | 0 | 47,000 | - | - | - | - |
Net losses (gains) from sale of investments | |||||||||||||||||||||||||
- | - | 1,000 | 1,000 | 15,000 | 2,000 | 0 | 0 | 1,000 | 7,000 | - | - | - | - | 0 | 0 | 37,000 | 26,000 | 3,000 | 0 | 0 | 3,000 | - | - | - | - |
Liberty transaction and related gain | |||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 134,000 | -67,000 | - | - | - | - |
Deferred income taxes | |||||||||||||||||||||||||
51,000 | 44,000 | 50,000 | 1,000 | 31,000 | 84,000 | 342,000 | 20,000 | -134,000 | 95,000 | -143,000 | 23,000 | -40,000 | 58,000 | 174,000 | -26,000 | 90,000 | 115,000 | 100,000 | 151,000 | 73,000 | 62,000 | 130,000 | 242,000 | 19,000 | 50,000 |
Excess tax benefit from share-based compensation | |||||||||||||||||||||||||
0 | 31,000 | 0 | 1,000 | 0 | 22,000 | 0 | 0 | 0 | 24,000 | 0 | 2,000 | 0 | 28,000 | 0 | 0 | 1,000 | 24,000 | - | - | - | - | - | - | - | - |
Other | |||||||||||||||||||||||||
-67,000 | -6,000 | 25,000 | -11,000 | -30,000 | -15,000 | -84,000 | 120,000 | -24,000 | -5,000 | -9,000 | -19,000 | -35,000 | -22,000 | -21,000 | -6,000 | -12,000 | -14,000 | -3,000 | -33,000 | -49,000 | 19,000 | -84,000 | 31,000 | -7,000 | 12,000 |
Change in other operating assets and liabilities: | |||||||||||||||||||||||||
Accounts receivable | |||||||||||||||||||||||||
86,000 | -151,000 | 371,000 | 4,000 | -35,000 | -98,000 | - | -60,000 | -89,000 | -51,000 | 65,000 | 193,000 | 104,000 | -312,000 | 420,000 | 121,000 | 70,000 | -87,000 | 243,000 | 118,000 | 113,000 | -83,000 | 171,000 | -108,000 | -23,000 | 101,000 |
Inventories | |||||||||||||||||||||||||
74,000 | 37,000 | 30,000 | -43,000 | -7,000 | 36,000 | - | - | - | 10,000 | 109,000 | 46,000 | 46,000 | 5,000 | -33,000 | -8,000 | 9,000 | 65,000 | 62,000 | 2,000 | -39,000 | 10,000 | - | - | - | - |
Prepaid expenses and other | |||||||||||||||||||||||||
-11,000 | -293,000 | 121,000 | 82,000 | 181,000 | -303,000 | 343,000 | 13,000 | 21,000 | -43,000 | 88,000 | 1,000 | 14,000 | -161,000 | -1,000 | 149,000 | 44,000 | -53,000 | -136,000 | 201,000 | 6,000 | -67,000 | -56,000 | 29,000 | 14,000 | 18,000 |
Accounts payable and accrued liabilities | |||||||||||||||||||||||||
144,000 | -358,000 | 760,000 | -57,000 | 55,000 | -397,000 | 749,000 | -155,000 | -155,000 | -167,000 | 513,000 | 11,000 | -77,000 | -77,000 | 517,000 | 133,000 | -117,000 | -142,000 | 191,000 | 261,000 | -179,000 | 164,000 | -41,000 | -25,000 | -44,000 | -105,000 |
Unearned subscriber revenue and deferred credits | |||||||||||||||||||||||||
-1,000 | 3,000 | -181,000 | 128,000 | 5,000 | 43,000 | -126,000 | 109,000 | 2,000 | 41,000 | -111,000 | 95,000 | 28,000 | 16,000 | -27,000 | 51,000 | 28,000 | -5,000 | -80,000 | 140,000 | 25,000 | -33,000 | -92,000 | 120,000 | 10,000 | 17,000 |
Other, net | |||||||||||||||||||||||||
-47,000 | -84,000 | -7,000 | -177,000 | 6,000 | 18,000 | -32,000 | 15,000 | -147,000 | 16,000 | 8,000 | -48,000 | -134,000 | 1,000 | 16,000 | -152,000 | 87,000 | 18,000 | -36,000 | 22,000 | 70,000 | -18,000 | -31,000 | -67,000 | -17,000 | 26,000 |
Net cash provided by operating activities | |||||||||||||||||||||||||
1,602,000 | 1,636,000 | 1,643,000 | 1,662,000 | 1,474,000 | 1,590,000 | 2,039,000 | 1,345,000 | 1,474,000 | 1,536,000 | 1,501,000 | 1,109,000 | 1,261,000 | 1,763,000 | 1,574,000 | 1,207,000 | 1,095,000 | 1,309,000 | 1,381,000 | 1,331,000 | 990,000 | 1,504,000 | 1,233,000 | 1,158,000 | 1,044,000 | 996,000 |
Cash Flows From Investing Activities | |||||||||||||||||||||||||
Cash paid for property and equipment | |||||||||||||||||||||||||
638,000 | 613,000 | 733,000 | 790,000 | 767,000 | 650,000 | 938,000 | 891,000 | 832,000 | 748,000 | 800,000 | 743,000 | 664,000 | 753,000 | 764,000 | 864,000 | 683,000 | 613,000 | 656,000 | 636,000 | 546,000 | 465,000 | 504,000 | 506,000 | 480,000 | 522,000 |
Cash paid for satellites | |||||||||||||||||||||||||
35,000 | 96,000 | 96,000 | 80,000 | 55,000 | 54,000 | 101,000 | 82,000 | 116,000 | 78,000 | 158,000 | 47,000 | 126,000 | 58,000 | 90,000 | 108,000 | 17,000 | 31,000 | - | - | - | - | - | - | - | - |
Investment in companies, net of cash acquired | |||||||||||||||||||||||||
13,000 | 10,000 | 33,000 | 6,000 | 4,000 | 4,000 | 19,000 | 20,000 | 24,000 | 3,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cash paid for Liberty transaction, net of cash acquired | |||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 67,000 | 18,000 | 9,000 | 3,000 |
Proceeds from sale of investments | |||||||||||||||||||||||||
- | - | 2,000 | 1,000 | 25,000 | 4,000 | 117,000 | 0 | 124,000 | 16,000 | - | - | - | - | 0 | 0 | 55,000 | 61,000 | 4,000 | 0 | 2,000 | 3,000 | - | - | - | - |
Cash paid for satellites | |||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -8,000 | - | -9,000 | -14,000 | -17,000 |
Other, net | |||||||||||||||||||||||||
7,000 | -3,000 | 119,000 | 0 | 1,000 | 3,000 | 0 | 140,000 | 13,000 | 5,000 | 47,000 | 1,000 | -1,000 | -25,000 | -2,000 | -2,000 | 0 | -39,000 | 37,000 | -3,000 | 15,000 | 26,000 | - | - | - | - |
Net cash used in investing activities | |||||||||||||||||||||||||
-744,000 | -716,000 | -979,000 | -875,000 | -802,000 | -707,000 | -941,000 | -1,133,000 | -861,000 | -818,000 | -1,017,000 | -771,000 | -789,000 | -786,000 | -852,000 | -970,000 | -656,000 | -544,000 | -1,319,000 | -663,000 | -621,000 | -496,000 | -627,000 | -532,000 | -493,000 | -542,000 |
Cash Flows From Financing Activities | |||||||||||||||||||||||||
Issuance of commercial paper (maturity 90 days or less), net | |||||||||||||||||||||||||
- | - | - | - | -80,000 | 105,000 | -245,000 | 195,000 | -295,000 | 190,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from short-term borrowings | |||||||||||||||||||||||||
- | - | 1,000 | 30,000 | 180,000 | 90,000 | 115,000 | 157,000 | 200,000 | 84,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Repayment of short-term borrowings | |||||||||||||||||||||||||
- | - | 130,000 | 136,000 | 35,000 | 200,000 | 232,000 | 65,000 | 109,000 | 153,000 | - | - | - | - | 0 | 0 | 0 | 39,000 | - | - | - | - | - | - | - | - |
Proceeds from borrowings under revolving credit facility | |||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 400,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Repayment of borrowings under revolving credit facility | |||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 400,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from long-term debt | |||||||||||||||||||||||||
3,000 | 17,000 | 1,244,000 | 77,000 | 69,000 | 1,260,000 | 615,000 | 39,000 | 653,000 | 792,000 | 0 | 1,194,000 | 0 | 3,996,000 | 0 | 0 | 0 | 3,990,000 | - | - | - | - | - | - | - | - |
Cash proceeds from debt issuance | |||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,996,000 | - | - | - | - |
Debt issuance costs | |||||||||||||||||||||||||
- | - | 7,000 | 0 | 1,000 | 6,000 | 4,000 | 1,000 | 3,000 | 4,000 | 1,000 | 10,000 | 2,000 | 23,000 | 0 | 0 | 2,000 | 28,000 | - | - | - | 14,000 | - | - | - | - |
Repayment of long-term debt | |||||||||||||||||||||||||
29,000 | 1,226,000 | 22,000 | 18,000 | 1,015,000 | 11,000 | - | - | - | - | - | - | - | - | 0 | 0 | 659,000 | 341,000 | 0 | 1,220,000 | 90,000 | 1,013,000 | 357,000 | 613,000 | 30,000 | 18,000 |
Repayment of other long-term obligations | |||||||||||||||||||||||||
22,000 | 29,000 | 19,000 | 16,000 | 19,000 | 15,000 | 15,000 | 16,000 | 14,000 | 18,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Common shares repurchased and retired | |||||||||||||||||||||||||
- | - | 0 | 0 | 491,000 | 895,000 | 772,000 | 1,260,000 | 590,000 | 1,378,000 | 1,347,000 | 1,216,000 | 1,352,000 | 1,260,000 | 1,130,000 | 1,453,000 | 1,508,000 | 1,405,000 | 1,550,000 | 1,372,000 | 1,723,000 | 466,000 | 83,000 | 943,000 | 324,000 | 346,000 |
Stock options exercised | |||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,000 | 0 | 4,000 | 29,000 |
Prepayment of accelerated share repurchase | |||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 230,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Taxes paid in lieu of shares issued for share-based compensation | |||||||||||||||||||||||||
1,000 | 64,000 | 2,000 | 1,000 | 0 | 57,000 | 0 | 0 | 0 | 61,000 | 3,000 | 6,000 | 0 | 52,000 | 3,000 | 0 | 2,000 | 53,000 | 26,000 | 10,000 | 152,000 | -70,000 | - | - | - | - |
Excess tax benefit from share-based compensation | |||||||||||||||||||||||||
0 | 31,000 | 0 | 1,000 | 0 | 22,000 | 0 | 0 | 0 | 24,000 | 0 | 2,000 | 0 | 28,000 | 0 | 0 | 1,000 | 24,000 | 2,000 | 0 | 0 | 9,000 | 0 | 0 | -4,000 | 9,000 |
Repayment of collar loan and equity collars | |||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 1,537,000 | - | - | - | - |
Other, net | |||||||||||||||||||||||||
- | - | -3,000 | -24,000 | -14,000 | -26,000 | - | - | - | - | - | - | - | -13,000 | - | -15,000 | -36,000 | -120,000 | -33,000 | -32,000 | -32,000 | -30,000 | -31,000 | -27,000 | -30,000 | -28,000 |
Net cash used in financing activities | |||||||||||||||||||||||||
-40,000 | -1,271,000 | 1,073,000 | -112,000 | -1,396,000 | 267,000 | -540,000 | -955,000 | 73,000 | -754,000 | -1,003,000 | -49,000 | -2,866,000 | 2,676,000 | -1,146,000 | -1,468,000 | -2,206,000 | 2,028,000 | -1,548,000 | 320,000 | -1,857,000 | -125,000 | -1,294,000 | 395,000 | -384,000 | -354,000 |
Effect of exchange rate changes on Venezuelan cash and cash equivalents | |||||||||||||||||||||||||
- | - | 0 | -67,000 | 0 | -316,000 | 0 | 0 | 0 | -187,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||||||||||||||||||
189,000 | -351,000 | 1,737,000 | 608,000 | -724,000 | 834,000 | 558,000 | -743,000 | 686,000 | -223,000 | -519,000 | 289,000 | -2,394,000 | 3,653,000 | -424,000 | -1,231,000 | -1,767,000 | 2,793,000 | -1,486,000 | 988,000 | -1,488,000 | 883,000 | -688,000 | 1,021,000 | 167,000 | 100,000 |
Supplemental Cash Flow Information | |||||||||||||||||||||||||
Cash paid for interest | |||||||||||||||||||||||||
94,000 | 318,000 | 100,000 | 373,000 | 85,000 | 328,000 | 56,000 | 395,000 | 64,000 | 325,000 | 71,000 | 333,000 | 122,000 | 255,000 | 125,000 | 252,000 | 146,000 | 164,000 | 160,000 | 93,000 | 171,000 | 36,000 | 138,000 | 73,000 | 127,000 | 74,000 |
Cash paid for income taxes | |||||||||||||||||||||||||
335,000 | 49,000 | 379,000 | 367,000 | 683,000 | 84,000 | 444,000 | 333,000 | 608,000 | 94,000 | 525,000 | 322,000 | 446,000 | 113,000 | 189,000 | 310,000 | 466,000 | 77,000 | 104,000 | 219,000 | 364,000 | 18,000 | 173,000 | 155,000 | 114,000 | 42,000 |