| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||
Net income (loss) | ||||||||||
89,755 | 9,614 | 134,464 | 47,200 | -70,282 | -25,829 | 16,579 | 421,091 | 127,174 | 487,341 | 231,702 |
(Income) Loss from discontinued operations, net of tax | ||||||||||
- | -63 | - | - | - | - | - | - | - | - | - |
Loss from discontinued operations, net of tax | ||||||||||
- | -63 | -5 | -370 | -778 | -24,402 | -4,877 | 320,649 | 74,566 | 99,752 | - |
Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||||||||||
Non-cash operating items (Note 2) | ||||||||||
-97,384 | 34,539 | -135,087 | -53,567 | 66,399 | -8,276 | -1,521 | -21,053 | -71,435 | -412,473 | -164,785 |
Changes in operating assets and liabilities: | ||||||||||
Contracts-in-process | ||||||||||
- | - | - | - | - | - | - | - | - | - | 7,913 |
Inventories | ||||||||||
- | - | - | - | - | - | - | - | - | - | -17,482 |
Long-term receivables | ||||||||||
- | - | - | - | - | - | - | -20,700 | 3,145 | 5,964 | 5,565 |
Other current assets | ||||||||||
-98 | 133 | 161 | -140 | -25 | 125 | -2,012 | 1,992 | -10,144 | 7,839 | -2,806 |
Accounts payable | ||||||||||
- | - | - | - | - | - | - | - | 41 | -212 | -5,628 |
Accrued employment costs and other current liabilities | ||||||||||
93 | 184 | 325 | -376 | -988 | 1,152 | -8,442 | -5,447 | 1,161 | 1,302 | -9,611 |
Customer advances | ||||||||||
- | - | - | - | - | - | - | - | - | 2,504 | 80,350 |
Income tax refund receivable | ||||||||||
4,387 | 7,978 | -12,110 | -187 | -834 | 13,128 | -12,112 | -22,043 | -8,282 | -1,653 | 21,426 |
Pension and other postretirement liabilities | ||||||||||
-633 | -2,411 | -1,787 | -1,563 | -3,504 | -3,930 | -21,183 | 6,169 | -1,099 | -395 | -4,158 |
Other liabilities | ||||||||||
3,998 | -47,976 | - | - | - | - | - | - | - | - | - |
Long-term liabilities | ||||||||||
- | - | -7,540 | -1,572 | -7,586 | -2,903 | -1,750 | -110,663 | -834 | 983 | -1,544 |
Net cash provided by (used in) operating activities – continuing operations | ||||||||||
314 | 1,858 | -21,891 | -9,555 | -15,992 | -2,381 | -21,540 | -33,887 | -20,841 | -36,158 | - |
Net cash provided by (used in) operating activities – discontinued operations | ||||||||||
1,812 | -46 | -2,809 | -11,694 | -12,762 | -26,743 | -48,965 | -66,605 | 78,835 | 78,107 | - |
Net cash provided by (used in) operating activities | ||||||||||
2,126 | 1,812 | -24,700 | -21,249 | -28,754 | -29,124 | -70,505 | -100,492 | 57,994 | 41,949 | 154,562 |
Investing activities: | ||||||||||
Tax indemnification recovery from affiliate | ||||||||||
- | - | - | - | - | 5,438 | - | - | - | - | - |
Distribution received from affiliate | ||||||||||
- | - | 242,735 | - | - | - | - | 420,199 | - | - | - |
Proceeds from sale of investments, net | ||||||||||
- | - | - | - | - | - | 1,150 | 1,694 | - | - | - |
Capital expenditures | ||||||||||
6 | 4 | 50 | 5 | 102 | 4 | 64 | 4 | 350 | 18,679 | 43,557 |
Proceeds from sale of net assets | ||||||||||
- | - | - | - | - | - | - | - | 61,482 | - | - |
Decrease in restricted cash | ||||||||||
- | - | - | - | - | - | - | - | -625 | - | -10 |
Investments in and advances to affiliates | ||||||||||
- | - | - | - | - | - | - | - | 10,379 | - | 5,480 |
Cash proceeds from the Sale, net of transaction costs of $35,219 | ||||||||||
- | - | - | - | - | - | - | 932,661 | - | - | - |
Receipt of principal, promissory note - discontinued operations | ||||||||||
- | - | - | - | 33,667 | 67,333 | - | - | - | - | - |
Other | ||||||||||
- | - | - | - | - | - | - | - | - | - | -277 |
Net cash (used in) provided by investing activities - continuing operations | ||||||||||
-6 | -4 | 242,685 | -5 | -102 | 5,434 | 1,086 | 421,889 | 51,378 | -18,679 | - |
Net cash provided by (used in) investing activities – discontinued operations | ||||||||||
- | - | - | - | - | - | - | -107,778 | -55,415 | -35,378 | - |
Net cash (used in) provided by investing activities | ||||||||||
-6 | -4 | 242,685 | -5 | 33,565 | 72,767 | 1,086 | 1,246,772 | -4,037 | -54,057 | -48,750 |
Financing activities: | ||||||||||
Special cash distribution paid | ||||||||||
- | - | - | - | - | - | - | 892,147 | - | - | - |
Cash dividend paid | ||||||||||
- | - | - | - | - | - | - | 417,606 | - | - | - |
Voting common stock repurchased | ||||||||||
- | - | - | - | - | - | - | 1,664 | 7,928 | - | - |
(Repayments) borrowings under SS/L revolving credit facility | ||||||||||
- | - | - | - | - | - | - | - | - | - | 55,000 |
Proceeds from the exercise of stock options | ||||||||||
- | - | - | - | - | - | - | 1,635 | 1,058 | 13,995 | 1,404 |
Cash settlement of restricted stock units | ||||||||||
- | - | - | - | - | - | - | -169 | - | - | - |
Funding of withholding taxes for stock-based compensation | ||||||||||
- | - | - | - | - | - | 8,897 | 6,992 | 16,972 | 2,477 | - |
Funding of withholding taxes on employees cashless stock option exercise | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,559 |
Adjustment to tax benefit associated with stock-based compensation | ||||||||||
- | - | - | -141 | 2,609 | 1,864 | -3,128 | 16,919 | 1,198 | 412 | - |
Net cash (used in) provided by financing activities - continuing operations | ||||||||||
- | - | - | -141 | 2,609 | 1,864 | -12,025 | -1,300,024 | -22,644 | 11,930 | - |
Net cash provided by (used in) financing activities - discontinued operations | ||||||||||
- | - | - | 0 | 0 | 0 | 0 | 44,000 | 0 | -2,226 | - |
Net cash (used in) provided by financing activities | ||||||||||
- | - | - | -141 | 2,609 | 1,864 | -12,025 | -1,256,024 | -22,644 | 9,704 | -55,155 |
Cash, cash equivalents and restricted cash (Note 2) — period increase (decrease) | ||||||||||
2,120 | 1,808 | 217,985 | -21,395 | 7,420 | 45,507 | -81,444 | -109,744 | 31,313 | -2,404 | 50,657 |