Gci liberty, inc. (GLIBP)
CashFlow / TTM
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)

627,854

1,938,242

510,125

738,087

-24,437

-873,654

-201,943

-231,909

103,172

724,557

1,578,007

1,298,544

1,270,241

820,569

3,228

12,896

-6,159

-25,866

-11,191

-2,839

29,758

59,244

57,973

52,138

39,361

31,727

27,784

11,295

11,037

9,162

7,472

11,188

5,339

5,486

0

0

0

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

261,663

266,333

263,724

260,106

258,603

206,946

144,111

82,086

18,520

3,252

-137,671

-90,675

-43,425

2,964

189,237

186,575

183,674

181,767

178,005

174,553

173,168

170,285

168,678

165,002

155,612

147,259

139,026

133,117

132,071

130,452

130,489

129,022

126,451

125,937

0

0

0

Stock-based compensation expense

21,741

24,897

25,434

27,427

28,602

28,207

36,541

33,149

29,093

26,583

19,276

17,717

16,527

16,128

10,648

10,498

10,428

10,902

10,342

9,835

9,415

8,392

8,033

7,703

7,157

6,638

5,779

5,351

4,569

5,040

7,386

6,375

7,180

6,620

0

0

0

Share of (earnings) losses of affiliates, net

-40

-2,629

4,615

13,550

24,968

25,772

20,744

11,536

2,786

7,001

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

1,158,808

3,002,400

1,167,646

1,506,990

399,536

-681,545

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized (gain) loss on derivative instrument with related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,720

4,950

-4,510

-11,160

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

223,951

729,970

259,779

365,272

11,077

-182,724

-571,001

-527,571

-335,405

-133,522

963,081

788,510

771,232

496,820

10,724

16,437

8,006

-1,847

-3,606

-6,650

2,047

10,029

11,429

7,321

9,124

10,957

9,858

14,158

13,968

12,088

10,489

13,198

7,163

7,405

0

0

0

Software impairment charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,839

29,839

27,268

26,417

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-2,330

-4,800

-6,945

-11,209

-15,687

-13,441

-10,463

-3,878

-1,077

-1,040

29,340

23,727

20,284

18,044

-19,030

-16,642

-13,770

-16,142

-11,833

-10,722

-13,087

-9,933

-7,559

-7,019

-4,957

-5,128

-5,440

-5,998

-10,020

-6,651

-21,736

-16,813

-9,172

-8,555

0

0

0

Change in operating assets and liabilities:
Current and other assets

12,191

-3,041

-78,192

-26,958

2,805

34,698

43,685

8,059

-9,345

-31,772

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payables and other liabilities

-35,439

-45,969

-46,971

-16,674

55,433

61,657

78,118

73,845

3,438

7,584

20,641

-18,956

-12,857

-5,605

5,097

37,077

36,781

8,435

-3,941

-484

-12,006

-320

14,760

16,948

34,313

42,178

-566

-6,040

7,422

10,610

20,108

29,738

22,602

28,680

0

0

0

Purchase of AWN non-controlling interest and ACS wireless assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided (used) by operating activities

98,203

88,605

126,439

92,242

125,596

82,888

126,437

206,840

286,086

304,864

318,610

348,456

247,435

292,225

218,050

203,592

221,163

253,955

264,496

258,736

268,018

258,203

239,015

222,338

182,001

159,634

188,453

175,959

161,175

152,783

143,074

137,732

140,580

134,434

0

0

0

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

-

-

-

-

-

147,957

147,958

147,958

147,957

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expended for property and equipment

144,032

148,481

153,609

164,915

167,966

134,352

90,178

42,040

9,045

3,488

-144,514

-85,409

-41,013

2,642

191,515

174,073

171,501

176,235

185,800

187,523

197,267

176,109

169,910

173,749

170,412

180,554

177,202

173,443

160,763

146,038

154,541

165,148

171,857

177,090

0

0

0

Purchase of businesses, net of cash received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,545

10,569

12,736

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable payment from an equity method investee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,871

-10,847

-19,004

-26,669

-23,997

11,688

15,568

26,350

25,244

27,702

15,515

15,515

16,621

0

0

0

Purchases of other assets and intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,990

16,360

15,094

13,955

10,474

10,827

12,363

11,018

10,613

8,616

6,425

6,027

5,560

5,184

6,092

6,152

4,529

5,450

4,625

5,423

0

0

0

Grant proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,007

14,007

14,007

14,427

1,136

1,136

1,768

3,121

2,405

0

0

0

-

-

-

-

-

-

-

-

Note receivable issued to an equity method investee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,000

3,000

3,000

3,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Equity Method Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Other investing activities, net

-18,084

-17,799

-6,341

-7,240

-3,503

-2,700

0

0

0

-

-

-

-

-978

1,640

-29

-109

4,760

4,711

3,993

4,877

-49

-1,065

-417

-591

-1,428

-412

-390

-886

0

0

0

0

-

-

-

-

Net cash provided (used) by investing activities

-125,948

-130,682

-147,269

-206,257

-213,044

-32,276

12,472

106,492

64,277

-78,123

-1,425,384

-1,488,621

-1,460,161

-1,504,771

-205,703

-190,209

-186,439

-189,063

-194,153

-193,784

-209,117

-202,140

-198,154

-289,955

-269,056

-266,351

-288,596

-183,503

-183,790

-168,905

-161,886

-151,405

-157,056

-164,193

0

0

0

Cash flows from financing activities:
Proceeds from Tower Transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings of debt

-

-

-

-

-

1,588,703

1,527,250

1,477,250

1,000,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt, finance leases and tower obligations

686,421

688,901

499,765

501,133

177,386

254,033

88,543

84,971

81,386

0

-69,013

-25,943

-22,955

0

71,927

31,734

456,587

494,982

513,265

581,373

177,750

118,585

99,620

30,634

98,388

98,152

97,801

137,671

64,547

64,540

77,552

101,543

424,597

429,626

0

0

0

Contributions from (distributions to) former parent, net

-

-

-

-

-

-1,122,272

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions from (distributions to) parent, net

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,979

14,063

13,551

5,937

84

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distribution to non-controlling interests

-

-

-

-

-

-

-

-

3,272

-

0

0

0

-

-

-

-

282,505

282,505

255,505

268,005

0

-5,390

25,000

12,500

0

0

0

0

-

-

-

-

-

-

-

-

Derivative payments

-

-

-

-

-

80,001

80,001

80,001

80,001

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowing on Senior Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60,000

35,000

25,000

295,000

329,000

334,000

384,000

89,000

89,000

201,000

251,000

261,000

237,000

150,000

80,000

70,000

60,000

104,000

129,000

142,000

0

0

0

Repurchases of GCI Liberty common stock

0

43,910

131,665

155,558

155,558

111,648

0

0

0

-

-

-

-

0

57,105

37,367

48,332

53,774

49,202

43,253

23,314

6,850

3,792

4,682

11,023

17,208

19,810

18,489

12,207

17,611

29,559

46,455

60,520

55,661

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,000

75,000

75,000

75,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Distribution to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,932

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities, net

-17,438

-18,302

-13,597

-13,372

-18,340

-20,752

-45,625

-46,101

-36,078

-31,180

2,833

1,468

2,482

1,989

-1,177

375

243

677

0

0

0

-

-

-

-

-

-

-

-

69

76

-209

-86

0

0

0

0

Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

633

484

478

622

522

1,076

1,067

2,118

1,961

2,303

2,299

947

0

0

0

Borrowing of other long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

404

411

1,166

1,770

2,536

3,260

2,604

4,729

23,806

35,609

37,930

35,201

0

0

0

Net cash provided (used) by financing activities

173,449

126,195

-258,657

-231,222

107,014

-132,728

38,571

-30,124

-390,135

-140,720

-447,928

-360,478

-332,271

-300,808

20,586

-36,238

-64,073

-53,766

-46,118

-113,097

-69,710

-85,632

-63,330

123,734

109,898

127,197

130,521

11,640

23,370

11,226

11,733

9,920

17,241

26,076

0

0

0

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

145,704

84,118

-279,487

-345,237

19,566

-82,116

177,480

283,208

-39,772

86,021

-1,554,702

-1,500,643

-1,544,997

-1,513,354

32,933

-22,855

-29,349

11,126

24,225

-48,145

-10,809

-29,569

-22,469

56,117

22,843

20,480

30,378

4,096

755

-4,896

-7,079

-3,753

765

-3,683

0

0

0