| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net loss | ||||||||
-911,210 | -595,690 | -174,814 | 994,112 | -3,919,453 | 236,506 | -251,993 | -149,498 | -435,265 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||
Impairment of goodwill and other intangibles | ||||||||
- | - | - | - | 4,165,400 | - | - | - | - |
Depreciation, Depletion and Amortization, Nonproduction | ||||||||
658,233 | 687,589 | 707,824 | 694,891 | 687,729 | 679,351 | 736,567 | 764,903 | 769,440 |
Provision for (benefit from) doubtful accounts | ||||||||
17,190 | -836 | -4,094 | 24,591 | 7,432 | 2,306 | 29,599 | 8,911 | 5,129 |
Foreign currency transaction (gain) loss | ||||||||
-2,128 | -6,736 | 876 | 3,300 | -11,374 | -6,560 | -6,003 | -7,329 | 1,375 |
Loss on disposal of assets | ||||||||
-402 | -46 | -45 | -20 | -16 | -927 | -338 | 12,647 | -846 |
Asset Impairment Charges | ||||||||
381,565 | 0 | 0 | - | - | - | - | - | - |
Gain on satellite insurance recoveries | ||||||||
- | - | - | - | - | - | 9,618 | - | - |
Share-based compensation | ||||||||
13,189 | 6,824 | 15,995 | 23,222 | 25,768 | 22,494 | 25,289 | 6,825 | 2,775 |
Deferred income taxes | ||||||||
-27,707 | 79,160 | 43,931 | -9,737 | -9,348 | -12,646 | -65,347 | -61,889 | -72,866 |
Amortization of Debt Issuance Costs and Discounts | ||||||||
41,943 | 48,495 | 48,696 | 24,622 | 20,119 | 22,256 | 46,026 | 57,305 | 62,855 |
Interest paid-in-kind | ||||||||
- | - | - | - | - | - | - | 4,949 | 27,291 |
Gain (Loss) on Extinguishment of Debt | ||||||||
0 | -199,658 | -4,109 | 1,030,092 | 7,061 | -40,423 | -368,089 | -73,542 | -326,183 |
Termination of third-party commitment costs and expenses | ||||||||
- | - | - | - | - | - | - | -10,000 | - |
Amortization of actuarial loss and prior service credits for retirement benefits | ||||||||
-3,572 | 3,823 | 3,287 | 3,361 | 7,899 | 10,147 | 19,613 | 14,506 | 6,690 |
Loss from previously unconsolidated affiliates | ||||||||
- | - | - | - | - | - | - | - | -24,658 |
Unrealized (gains) losses on derivative financial instruments | ||||||||
-27,018 | 15,093 | -275 | 764 | 24,024 | 22,790 | 19,740 | 9,004 | 54,663 |
Unrealized net losses on investments and loans held-for-investment | ||||||||
-39,695 | -408 | 0 | - | - | - | - | - | - |
Sales-type lease | ||||||||
7,064 | 0 | 0 | - | - | - | - | - | - |
Other non-cash items | ||||||||
205 | -1,178 | 287 | -1,186 | -75 | -166 | -234 | 4,382 | -162 |
Changes in operating assets and liabilities: | ||||||||
Receivables | ||||||||
1,307 | 63,814 | 14,333 | -6,478 | 34,642 | -1,382 | -16,269 | 3,559 | 38,162 |
Prepaid expenses, contract and other assets | ||||||||
-15,664 | -3,708 | 24,760 | 51,321 | 25,780 | 22,331 | 6,117 | 1,086 | 8,889 |
Accounts payable and accrued liabilities | ||||||||
10,908 | 7,291 | -42,337 | 35,850 | 1,542 | 7,598 | -23,730 | 6,495 | 25,495 |
Accrued interest payable | ||||||||
24,008 | 21,442 | 58,367 | 47,065 | -2 | -24,997 | -178,796 | 9,124 | - |
Deferred revenue and contract liabilities | ||||||||
-18,368 | -39,763 | -134,577 | -58,796 | 51,805 | 108,545 | 49,924 | 124,458 | 296,414 |
Accrued retirement benefits | ||||||||
-8,224 | -15,902 | -13,422 | -9,385 | -20,707 | -26,019 | -29,732 | -26,627 | -20,693 |
Other long-term liabilities | ||||||||
-12,875 | 8,913 | -8,783 | -8,497 | -28,111 | 16,292 | 4,014 | 1,655 | -128 |
Net cash provided by operating activities | ||||||||
255,539 | 344,173 | 464,246 | 683,506 | 910,031 | 1,046,170 | 716,892 | 821,310 | 915,897 |
Cash flows from investing activities: | ||||||||
Payments for satellites and other property and equipment (including capitalized interest) | ||||||||
229,818 | 255,696 | 461,627 | 714,570 | 724,362 | 645,424 | 600,792 | 866,016 | 844,688 |
Purchase of investments and origination of loans held-for-investment | ||||||||
70,751 | 19,000 | 25,744 | 4,000 | 25,000 | - | 19,199 | - | - |
Capital contributions to unconsolidated affiliate (including capitalized interest) | ||||||||
5,289 | 48,097 | 30,714 | 12,019 | - | - | - | - | 12,209 |
Proceeds from sale of building, net of fees | ||||||||
- | - | - | - | - | - | - | 82,415 | - |
Proceeds from insurance settlements | ||||||||
0 | 20,409 | 49,788 | - | - | - | 487,930 | - | - |
Other proceeds from satellites | ||||||||
13,125 | 18,750 | 0 | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||
-292,733 | -283,634 | -468,297 | -730,589 | -749,354 | -645,250 | -134,061 | -783,601 | -840,431 |
Other investing activities | ||||||||
- | - | - | - | -8 | -174 | 2,000 | - | -16,466 |
Cash flows from financing activities: | ||||||||
Proceeds from issuance of long-term debt | ||||||||
400,000 | 4,585,875 | 1,500,000 | 1,250,000 | 430,000 | 135,000 | 6,254,688 | 2,451,521 | 6,119,425 |
Repayments of long-term debt | ||||||||
0 | 4,782,451 | 1,500,000 | 328,944 | 496,829 | 610,418 | 6,904,162 | 2,474,811 | 6,331,144 |
Debt issuance costs | ||||||||
4,650 | 49,436 | 41,237 | 38,393 | - | - | 84,845 | 27,384 | 70,091 |
Debt modification fees | ||||||||
0 | 3,954 | 0 | - | - | - | - | - | - |
Proceeds from stock issuance, net of issuance costs | ||||||||
0 | 224,250 | 0 | - | - | - | - | - | - |
Repayment of notes payable to former shareholders | ||||||||
- | - | - | - | - | - | 868 | 1,683 | 3,425 |
Payment of premium on early extinguishment of debt | ||||||||
0 | 33,890 | 0 | 32 | - | 21,250 | 311,224 | 65,920 | 171,047 |
Payments on tender, debt exchange and consent | ||||||||
0 | 0 | 14 | 293,276 | - | - | - | - | - |
Proceeds from initial public offering | ||||||||
- | - | - | - | - | - | 572,500 | - | - |
Stock issuance costs | ||||||||
- | - | - | - | - | - | 26,683 | - | - |
Dividends paid to preferred shareholders | ||||||||
- | - | - | 4,959 | 9,919 | 9,919 | 5,235 | - | - |
Other payments for satellites | ||||||||
0 | 0 | 35,396 | 18,333 | - | - | - | - | - |
Noncontrolling interest in New Dawn | ||||||||
- | - | - | - | - | - | - | - | 1,734 |
Principal payments on deferred satellite performance incentives | ||||||||
28,034 | 25,488 | 37,186 | 17,429 | 19,568 | 19,774 | 17,503 | 15,969 | 14,111 |
Repurchase of redeemable noncontrolling interest | ||||||||
- | - | - | - | - | - | - | 8,744 | - |
Capital contribution from noncontrolling interest | ||||||||
- | - | - | - | - | 12,209 | 12,209 | 12,209 | - |
Dividends paid to noncontrolling interest | ||||||||
5,771 | 8,825 | 8,755 | 8,980 | 8,423 | 8,744 | 8,671 | 8,838 | - |
Proceeds from exercise of employee stock options | ||||||||
1,067 | 3,211 | 476 | - | - | - | - | - | - |
Other financing activities | ||||||||
298 | 385 | 414 | 1,942 | 1,753 | 3,893 | 3,271 | - | -10,000 |
Net cash provided by (used in) financing activities | ||||||||
362,910 | -90,323 | -121,698 | 541,596 | -102,986 | -519,003 | -516,523 | -139,619 | -478,659 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||
-2,009 | -4,450 | 1,116 | -30 | -9,297 | -6,560 | -6,003 | -7,329 | 1,375 |
Net change in cash, cash equivalents and restricted cash | ||||||||
323,707 | -34,234 | -124,633 | 494,483 | 48,394 | -124,643 | 60,305 | -109,239 | -401,818 |
Supplemental cash flow information: | ||||||||
Interest paid, net of amounts capitalized | ||||||||
1,099,874 | 1,052,885 | 915,627 | 870,370 | 894,465 | 970,345 | 1,283,439 | 1,255,308 | 1,196,666 |
Income taxes paid, net of refunds | ||||||||
33,584 | 57,085 | 33,731 | 22,687 | 26,324 | 37,805 | 38,784 | 33,103 | 16,143 |
Supplemental disclosure of non-cash investing activities: | ||||||||
Accrued capital expenditures | ||||||||
8,123 | 28,203 | 38,450 | 127,008 | 82,208 | 80,621 | 66,578 | 78,494 | 86,069 |
Capitalization of deferred satellite performance incentives | ||||||||
29,382 | 28,161 | 44,445 | 69,909 | 16,800 | 27,681 | - | 82,959 | - |
Debt financing and restricted cash received | ||||||||
- | - | - | 480,200 | - | - | - | - | - |
Restricted cash used | ||||||||
- | - | - | 480,200 | - | - | - | - | - |
Repayments of long-term debt | ||||||||
- | - | - | 1,468,401 | - | - | - | - | - |
Issuance of long-term debt | ||||||||
- | - | - | 731,884 | - | - | - | - | - |
Discount on long-term debt | ||||||||
- | - | - | 212,660 | - | - | - | - | - |
Write-off of debt issuance costs | ||||||||
- | - | - | 9,253 | - | - | - | - | - |
Restricted cash received | ||||||||
- | - | - | - | - | - | - | 23,901 | - |
Restricted cash paid | ||||||||
- | - | - | - | - | - | - | -118,032 | 94,131 |