Gci liberty, inc. (GLIBA)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net earnings (loss)

-631,902

711,418

89,294

459,044

678,486

-716,699

317,256

-303,480

-170,731

-44,988

287,290

31,601

450,654

808,462

7,827

3,298

982

-8,879

17,495

-15,757

-18,725

5,796

25,847

16,840

10,761

4,525

20,012

4,063

3,127

582

3,523

3,805

1,252

-1,108

7,239

-2,044

1,399

Adjustments to reconcile net earnings (loss) to net cash from operating activities:
Depreciation and amortization

63,008

66,298

66,466

65,891

67,678

63,689

62,848

64,388

16,021

854

823

822

753

-140,069

47,819

48,072

47,142

46,204

45,157

45,171

45,235

42,442

41,705

43,786

42,352

40,835

38,029

34,396

33,999

32,602

32,120

33,350

32,380

32,639

30,653

30,779

31,866

Stock-based compensation expense

2,475

6,744

5,768

6,754

5,631

7,281

7,761

7,929

5,236

15,615

4,369

3,873

2,726

8,308

2,810

2,683

2,327

2,828

2,660

2,613

2,801

2,268

2,153

2,193

1,778

1,909

1,823

1,647

1,259

1,050

1,395

865

1,730

3,396

384

1,670

1,170

Share of (earnings) losses of affiliates, net

-707

-186

1,921

-1,068

-3,296

7,058

10,856

10,350

-2,492

2,030

1,648

1,600

1,723

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized and unrealized (gains) losses on financial instruments, net

-833,992

1,157,537

156,165

679,098

1,009,600

-677,217

495,509

-428,356

-71,481

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized and unrealized (gains) losses on financial instruments, net

-

-

-

-

-

-

-

-

-

-

-

-

737,552

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized (gain) loss on derivative instrument with related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,800

6,510

4,530

-6,120

30

-2,950

-2,120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

-236,622

251,120

28,057

181,396

269,397

-219,071

133,550

-172,799

75,596

-607,348

176,980

19,367

277,479

489,255

2,409

2,089

3,067

3,159

8,122

-6,342

-6,786

1,400

5,078

2,355

1,196

2,800

970

4,158

3,029

1,701

5,270

3,968

1,149

102

7,979

-2,067

1,391

Software impairment charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,571

851

26,417

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-19

-1,175

-2,480

1,344

-2,489

-3,320

-6,744

-3,134

-243

-342

-159

-333

-206

30,038

-5,772

-3,776

-2,446

-7,036

-3,384

-904

-4,818

-2,727

-2,273

-3,269

-1,664

-353

-1,733

-1,207

-1,835

-665

-2,291

-5,229

1,534

-15,750

2,632

2,412

2,151

Change in operating assets and liabilities:
Current and other assets

3,431

36,248

-16,314

-11,174

-11,801

-38,903

34,920

18,589

20,092

-29,916

-706

1,185

-2,335

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payables and other liabilities

2,417

-10,195

-26,005

-1,656

-8,113

-11,197

4,292

70,451

-1,889

5,264

19

44

2,257

18,321

-39,578

6,143

9,509

29,023

-7,598

5,847

-18,837

16,647

-4,141

-5,675

-7,151

31,727

-1,953

11,690

714

-11,017

-7,427

25,152

3,902

-1,519

2,203

18,016

9,980

Purchase of AWN non-controlling interest and ACS wireless assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided (used) by operating activities

30,663

6,491

25,363

35,686

21,065

44,325

-8,834

69,040

-21,643

87,874

71,569

148,286

-2,865

101,620

101,415

47,265

41,925

27,445

86,957

64,836

74,717

37,986

81,197

74,118

64,902

18,798

64,520

33,781

42,535

47,617

52,026

18,997

34,143

37,908

46,684

21,845

27,997

Cash flows from investing activities:
Cash and restricted cash from acquisition of GCI Holdings

-

-

-

-

-

-1

0

1

147,957

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expended for property and equipment

35,665

39,848

37,767

30,752

40,114

44,976

49,073

33,803

6,500

802

935

808

943

-147,200

60,040

45,204

44,598

41,673

42,598

42,632

49,332

51,238

44,321

52,376

28,174

45,039

48,160

49,039

38,316

41,687

44,401

36,359

23,591

50,190

55,008

43,068

28,824

Purchase of businesses, net of cash received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

3,545

7,024

2,167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable payment from an equity method investee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-82

-3,117

-2,672

-4,976

-8,239

-10,782

0

30,709

-4,359

0

-1,106

33,167

-16,546

0

0

Purchases of other assets and intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,117

3,162

3,947

6,764

2,487

1,896

2,808

3,283

2,840

3,432

1,463

2,878

843

1,241

1,065

2,411

467

2,149

1,125

788

1,388

1,324

1,923

Grant proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

14,007

0

0

420

716

0

632

1,773

0

-

-

-

-

-

-

-

-

Note receivable issued to an equity method investee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Equity Method Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

230

6,179

15,000

-

100,000

0

0

-

-

-

-

-

-

-

-

Other investing activities, net

-1,088

-11,459

-1,800

-3,737

-803

-1

-2,699

0

0

-

-

-

-

-2,569

1,717

-134

8

49

48

-214

4,877

0

-670

670

-49

-1,016

-22

496

-886

0

0

0

0

-

-

-

-

Net cash provided (used) by investing activities

-34,577

-28,389

-35,967

-27,015

-39,311

-44,976

-94,955

-33,802

141,457

-228

-935

-76,017

-943

-1,347,489

-64,172

-47,557

-45,553

-48,421

-48,678

-43,787

-48,177

-53,511

-48,309

-59,120

-41,200

-49,525

-140,110

-38,221

-38,495

-71,770

-35,017

-38,508

-23,610

-64,751

-24,536

-44,159

-30,747

Cash flows from financing activities:
Proceeds from Tower Transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90,795

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings of debt

-

-

-

-

-

61,453

50,000

477,250

1,000,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt, finance leases and tower obligations

2,259

354,626

2,204

327,332

4,739

165,490

3,572

3,585

81,386

0

0

0

0

-69,013

43,070

2,988

22,955

2,914

2,877

427,841

61,350

21,197

70,985

24,218

2,185

2,232

1,999

91,972

1,949

1,881

41,869

18,848

1,942

14,893

65,860

341,902

6,971

Contributions from (distributions to) former parent, net

-

-

-

-

-

-83

2,471

-3,340

-1,121,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from (distributions to) parent, net

-

-

-

-

-

-

-

-

-

-

-

-

-41,462

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

512

7,614

5,853

84

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distribution to non-controlling interests

-

-

-

-

-

-

-

-

3,272

-

0

0

0

-

-

-

-

0

2,000

0

280,505

0

-25,000

12,500

12,500

-5,390

5,390

0

0

-

-

-

-

-

-

-

-

Derivative payments

-

-

-

-

-

0

0

0

80,001

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowing on Senior Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,000

10,000

25,000

0

0

0

295,000

34,000

5,000

50,000

0

34,000

117,000

100,000

10,000

10,000

30,000

30,000

0

0

74,000

55,000

13,000

Repurchases of GCI Liberty common stock

0

0

0

0

43,910

87,755

23,893

0

0

-

-

-

-

-47,655

27,123

8,981

11,551

9,450

7,385

19,946

16,993

4,878

1,436

7

529

1,820

2,326

6,348

6,714

4,422

1,005

66

12,118

16,370

17,901

14,131

7,259

Issuance of Searchlight note payable and derivative stock appreciation rights with related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

75,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distribution to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,932

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities, net

-1,065

-10,500

64

-5,937

-1,929

-5,795

289

-10,905

-4,341

-30,668

-187

-882

557

3,345

-1,552

132

64

179

0

0

498

-

-

-

-

-

-

-

-

-7

0

-1

77

0

-285

122

163

Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

168

19

157

289

19

13

301

189

573

4

1,352

32

915

0

0

Borrowing of other long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

421

0

-17

7

1,176

604

749

731

520

2,729

19,826

12,534

2,841

0

Net cash provided (used) by financing activities

-3,324

187,182

-2,140

-8,269

-50,578

-197,670

25,295

329,967

-290,320

-26,371

-43,400

-30,044

-40,905

-333,579

44,050

-1,837

-9,442

-12,185

-12,774

-29,672

865

-4,537

-79,753

13,715

-15,057

17,765

107,311

-121

2,242

21,089

-11,570

11,609

-9,902

21,596

-13,383

18,930

-1,067

Net increase (decrease) in cash, cash equivalents and restricted cash

-7,238

165,284

-12,744

402

-68,824

-198,321

-78,494

365,205

-170,506

61,275

27,234

42,225

-44,713

-1,579,448

81,293

-2,129

-13,070

-33,161

25,505

-8,623

27,405

-20,062

-46,865

28,713

8,645

-12,962

31,721

-4,561

6,282

-3,064

5,439

-7,902

631

-5,247

8,765

-3,384

-3,817