| Dec'17 | Dec'16 | Dec'15 | Dec'14 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net (loss) income | ||||||
-947,511 | 264,207 | -55,927 | 99,804 | |||
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Impairment loss | ||||||
715,220 | 37,744 | 12,497 | 2,597 | |||
Foreign exchange loss (gain), net | ||||||
-443,977 | 101,040 | 5,611 | -3,786 | |||
Amortization | ||||||
401,355 | 492,021 | 410,264 | 148,823 | |||
Depreciation | ||||||
401,085 | 390,448 | 369,564 | 323,729 | |||
Service revenue amortization | ||||||
209,774 | 116,980 | 107,812 | 126,253 | |||
Loss on extinguishment of debt | ||||||
-25,733 | 0 | -73,806 | -88,628 | |||
Debt issuance cost amortization | ||||||
23,217 | 18,347 | 40,366 | 48,604 | |||
Stock-based payment expense | ||||||
4,704 | 26,346 | 36,067 | 13,823 | |||
Gain on sale of Double Down Interactive LLC | ||||||
51,348 | 0 | 0 | - | |||
Deferred income tax provision | ||||||
-296,265 | -153,649 | -149,241 | - | |||
Other non-cash costs, net | ||||||
-25,768 | 142 | -50,626 | -34,612 | |||
Cash flows before changes in operating assets and liabilities | ||||||
- | - | - | 890,659 | |||
Changes in operating assets and liabilities, excluding the effects of disposition and acquisitions: | ||||||
Trade and other receivables | ||||||
-45,465 | 23,758 | -83,218 | -171,258 | |||
Inventories | ||||||
-51,406 | 76,321 | -10,219 | -3,620 | |||
Upfront Italian license fees | ||||||
244,698 | 665,260 | 0 | - | |||
Accounts payable | ||||||
-3,031 | -22,855 | -53,762 | -20,184 | |||
Other assets and liabilities | ||||||
118,923 | 21,736 | 160,330 | -20,557 | |||
Net cash provided by operating activities | ||||||
685,928 | 281,332 | 769,568 | 1,065,910 | |||
Cash flows from investing activities | ||||||
Proceeds from sale of Double Down Interactive LLC, net of cash divested | ||||||
823,788 | 0 | 0 | - | |||
Purchases of jackpot annuity investments | ||||||
- | - | - | 0 | |||
Proceeds from jackpot annuity investments | ||||||
- | - | - | 0 | |||
Proceeds from sale of assets | ||||||
167,452 | 185,798 | 230,587 | 1,390 | |||
Upfront payments to customers | ||||||
- | - | - | 0 | |||
Capital expenditures | ||||||
698,010 | 541,943 | 376,521 | 335,220 | |||
Acquisition of IGT, net of cash acquired | ||||||
0 | 0 | 3,241,415 | 0 | |||
Other | ||||||
-5,435 | -40,160 | -51,939 | -13,705 | |||
Net cash provided by (used in) investing activities | ||||||
298,665 | -315,985 | -3,335,410 | -320,125 | |||
Cash flows from financing activities | ||||||
Principal payments on long-term debt | ||||||
1,754,259 | 357,513 | 2,714,867 | 1,295,575 | |||
Dividends paid | ||||||
162,528 | 161,179 | 209,589 | 177,608 | |||
Return of capital - non-controlling interests | ||||||
52,352 | 35,407 | 30,568 | 74,441 | |||
Dividends paid - non-controlling interests | ||||||
50,601 | 32,717 | 29,156 | 45,561 | |||
Payments in connection with the early extinguishment of debt | ||||||
38,832 | 0 | 79,526 | 88,628 | |||
Return of capital - redeemable non-controlling interests | ||||||
32,039 | 0 | 0 | - | |||
Debt issuance costs paid | ||||||
16,378 | 10,825 | 84,859 | 23,542 | |||
Dividends paid - redeemable non-controlling interests | ||||||
7,307 | 0 | 0 | - | |||
Payments for accelerated stock awards | ||||||
- | - | - | 0 | |||
Proceeds from stock options | ||||||
- | - | - | 4,641 | |||
Net (payments of) receipts from financial liabilities | ||||||
-150 | 30,595 | -21,539 | 58,911 | |||
Capital increase - non-controlling interests | ||||||
41,011 | 40,771 | 9,049 | 7,789 | |||
Capital increase - redeemable non-controlling interests | ||||||
107,457 | 215,684 | 0 | 0 | |||
Proceeds from long-term debt | ||||||
1,762,270 | 0 | 6,521,991 | 897,115 | |||
Payments to withdrawing shareholders | ||||||
0 | 0 | 407,759 | 0 | |||
Payments on bridge facility | ||||||
0 | 0 | 51,409 | 63,999 | |||
Payments in connection with note consents | ||||||
0 | 0 | 29,022 | 6,773 | |||
Proceeds from interest rate swaps | ||||||
0 | 0 | 67,773 | 15,294 | |||
Treasury stock purchases | ||||||
- | - | - | 53,160 | |||
Acquisition of non-controlling interests | ||||||
- | - | - | 99,726 | |||
Other | ||||||
-43,264 | -1,548 | -20,353 | -13,671 | |||
Net cash (used in) provided by financing activities | ||||||
-246,972 | -312,139 | 2,920,166 | -958,934 | |||
Net increase (decrease) in cash and cash equivalents | ||||||
737,621 | -346,792 | 354,324 | -213,149 | |||
Effect of exchange rate changes on cash | ||||||
25,703 | 13,402 | -34,262 | -47,753 | |||
Supplemental Cash Flow Information | ||||||
Interest paid | ||||||
417,110 | 450,655 | 365,479 | - | |||
Income taxes paid | ||||||
296,386 | 183,278 | 199,195 | - | |||
Upfront payments to customers | ||||||
- | - | - | 0 | |||
Capital expenditures | ||||||
62,858 | 76,174 | 32,879 | 17,512 | |||
Equity consideration related to IGT acquisition | ||||||
0 | 0 | 928,884 | 0 | |||
Non-cash investing activities, net | ||||||
-62,858 | -76,174 | -961,763 | -17,512 | |||
Dividends declared - non-controlling interests | ||||||
12,588 | 12,696 | 0 | 0 | |||
Note consent fees | ||||||
- | - | - | 34,756 | |||
Dividends declared | ||||||
- | - | - | 156,922 | |||
Capital increase - non-controlling interests | ||||||
- | - | - | 14,731 | |||
Non-cash financing activities, net | ||||||
-12,588 | -12,696 | 0 | -176,947 | |||