| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
147,000 | 175,000 | 157,000 | 52,000 | 263,000 | -147,000 | 166,821 | 122,653 | 250,242 | 190,586 | 249,949 | 120,483 |
Add (deduct) adjustments to reconcile net income to net cash flows from operating activities | |||||||||||
Depreciation, amortization and accretion | |||||||||||
932,000 | 883,000 | 844,000 | 850,000 | 844,000 | 837,000 | 1,018,077 | 813,626 | 765,776 | 755,649 | 744,247 | 745,795 |
Bad debts expense | |||||||||||
112,000 | 101,000 | 95,000 | 102,000 | 112,000 | 108,000 | 105,629 | 74,695 | 68,611 | 83,098 | 115,989 | 83,004 |
Stock-based compensation expense | |||||||||||
59,000 | 54,000 | 46,000 | 42,000 | 40,000 | 36,000 | 30,338 | 41,871 | 36,837 | 35,128 | 32,486 | 22,693 |
Deferred income taxes, net | |||||||||||
34,000 | 33,000 | -369,000 | 22,000 | 71,000 | 72,000 | -67,150 | 58,785 | 202,547 | 76,391 | 36,014 | -429,547 |
Income (Loss) from Equity Method Investments | |||||||||||
168,000 | 160,000 | 137,000 | 140,000 | 140,000 | 132,000 | 132,714 | 92,867 | 82,538 | 98,074 | 90,732 | 89,812 |
Distributions from unconsolidated entities | |||||||||||
162,000 | 153,000 | 136,000 | 93,000 | 60,000 | 112,000 | 127,929 | 84,884 | 92,231 | 100,845 | 91,587 | 92,335 |
Loss on impairment of goodwill | |||||||||||
0 | 0 | 262,000 | 0 | 0 | 88,000 | - | 515 | - | - | - | - |
(Gain) loss on asset disposals, net | |||||||||||
-12,000 | -9,000 | -21,000 | -27,000 | -22,000 | -27,000 | -30,841 | -19,741 | -10,952 | -11,763 | -18,758 | -18,331 |
(Gain) loss on sale of business and other exit costs, net | |||||||||||
1,000 | 0 | 1,000 | - | 136,000 | 16,000 | 300,656 | -21,061 | - | - | - | - |
Gain (Loss) on Disposition of Intangible Assets | |||||||||||
0 | 18,000 | 22,000 | 20,000 | 147,000 | 113,000 | 255,479 | - | 11,762 | - | - | - |
(Gain) loss on investments | |||||||||||
- | - | - | - | - | - | 14,547 | -3,718 | 24,103 | - | - | 31,595 |
Loss on impairment of intangible assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | 14,000 | 414,376 |
Noncash interest | |||||||||||
- | - | - | - | 3,000 | 2,000 | 2,463 | -572 | 18,849 | 9,733 | 4,412 | 10,125 |
Other operating activities | |||||||||||
-4,000 | -4,000 | -3,000 | 1,000 | 1,000 | 1,000 | -612 | -1,393 | -1,067 | -383 | 71 | -1,831 |
Excess tax benefit from stock awards | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,966 |
Changes in assets and liabilities from operations | |||||||||||
Accounts receivable | |||||||||||
49,000 | 39,000 | 61,000 | 23,000 | 120,000 | -18,000 | 293,729 | 81,107 | 95,426 | 79,182 | 115,087 | -80,405 |
Equipment installment plans receivable | |||||||||||
97,000 | 149,000 | 261,000 | 246,000 | 134,000 | 189,000 | 591 | - | - | - | - | - |
Inventory | |||||||||||
19,000 | 5,000 | -6,000 | -4,000 | -115,000 | 29,000 | 83,536 | 29,917 | 13,382 | -40,657 | 34,566 | -17,123 |
Accounts payable | |||||||||||
-60,000 | 2,000 | -7,000 | 36,000 | 7,000 | -117,000 | 86,028 | -12,332 | 29,291 | -47,759 | 23,098 | 6,804 |
Customer deposits and deferred revenues | |||||||||||
-9,000 | 8,000 | -4,000 | -52,000 | -36,000 | 34,000 | 66,460 | 32,981 | 35,457 | 6,478 | -8,763 | 6,777 |
Accrued taxes | |||||||||||
-17,000 | -29,000 | 37,000 | 60,000 | 38,000 | -123,000 | 17,388 | 77,458 | -27,871 | -95,284 | 61,630 | -3,023 |
Accrued interest | |||||||||||
- | - | - | - | 4,000 | 1,000 | 380 | -891 | 3,351 | -7,680 | -2,009 | -4,221 |
Other assets and liabilities | |||||||||||
26,000 | 5,000 | -31,000 | 24,000 | 75,000 | 73,000 | 9,954 | 30,523 | 4,418 | -93,475 | 43,588 | -12,308 |
Net cash provided by operating activities | |||||||||||
1,016,000 | 1,017,000 | 776,000 | 782,000 | 790,000 | 395,000 | 494,610 | 1,105,172 | 1,255,711 | 1,076,207 | 1,097,354 | 848,892 |
Cash flows from investing activities | |||||||||||
Cash paid for additions to property, plant and equipment | |||||||||||
957,000 | 776,000 | 685,000 | 636,000 | 801,000 | 799,000 | 883,797 | 995,517 | 971,759 | 739,222 | 657,817 | 734,923 |
Cash paid for acquisitions and licenses | |||||||||||
346,000 | 16,000 | 218,000 | 53,000 | 287,000 | 295,000 | 314,570 | 163,382 | 105,508 | 81,691 | 29,276 | 389,189 |
Cash received from investments | |||||||||||
29,000 | 100,000 | 0 | 0 | - | 50,000 | 115,000 | 243,444 | 393,246 | 106,255 | 23,660 | - |
Cash received from divestitures | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 6,838 |
Proceeds from disposition of investments | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 259,017 |
Cash paid to settle derivative liabilities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 17,404 |
Cash paid for investments | |||||||||||
11,000 | 17,000 | 100,000 | 0 | 0 | - | - | 120,000 | 180,920 | 493,750 | 109,230 | 27,446 |
Cash received from divestitures and exchanges | |||||||||||
41,000 | 29,000 | 21,000 | 21,000 | 343,000 | 188,000 | 811,120 | 50,182 | - | - | - | - |
Federal Communications Commission deposit | |||||||||||
- | - | - | 143,000 | 0 | 60,000 | - | - | - | - | - | - |
Other investing activities | |||||||||||
5,000 | 0 | -1,000 | -3,000 | -2,000 | -6,000 | -11,594 | 12,796 | 1,148 | -370 | -4,565 | -355 |
Repayment of short-term debt | |||||||||||
- | - | - | - | - | - | - | - | 32,671 | - | - | - |
Net cash used in investing activities | |||||||||||
-1,249,000 | -680,000 | -981,000 | -808,000 | -743,000 | -910,000 | -260,653 | -998,069 | -866,089 | -1,208,038 | -768,098 | -902,752 |
Cash flows from financing activities | |||||||||||
Issuance of long-term debt | |||||||||||
- | - | - | 2,000 | 525,000 | 275,000 | 37 | 195,358 | 643,700 | 225,648 | - | - |
Repayment of long-term debt | |||||||||||
118,000 | 20,000 | 17,000 | 12,000 | 1,000 | 1,000 | 1,581 | - | 614,639 | 220,249 | 143,078 | 9,448 |
TDS Common Shares reissued for benefit plans, net of tax payments | |||||||||||
-6,000 | 42,000 | 4,000 | 9,000 | 13,000 | -2,000 | 9,654 | -1,119 | 32 | 309 | 819 | 1,409 |
Repayment of borrowing under revolving credit facility | |||||||||||
- | - | - | - | - | 150,000 | - | - | - | - | - | 100,000 |
Borrowing under revolving credit facility | |||||||||||
- | - | - | - | - | 150,000 | - | - | - | - | - | 100,000 |
Settlement of variable prepaid forward contracts | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 47,357 |
U.S. Cellular Common Shares reissued for benefit plans, net of tax payments | |||||||||||
-9,000 | 18,000 | 1,000 | 6,000 | 2,000 | 1,000 | 5,784 | -2,205 | 1,935 | 509 | -82 | -2,288 |
Excess tax benefit from stock awards | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,966 |
Repurchase of TDS Common Shares | |||||||||||
21,000 | 0 | 0 | 3,000 | 0 | 39,000 | 9,692 | 20,026 | 21,500 | 68,053 | 178,536 | 197,672 |
Repurchase of U.S. Cellular Common Shares | |||||||||||
- | - | - | 5,000 | 6,000 | 19,000 | 18,544 | 20,045 | 62,294 | 52,827 | 33,585 | 28,366 |
Repurchase of TDS Preferred Shares | |||||||||||
- | - | - | - | 0 | - | - | - | - | - | - | - |
Dividends paid to TDS shareholders | |||||||||||
75,000 | 72,000 | 69,000 | 65,000 | 61,000 | 58,000 | 55,293 | 53,165 | 48,670 | 47,202 | 46,798 | 47,320 |
U.S. Cellular dividends paid to noncontrolling public shareholders | |||||||||||
- | - | - | - | - | - | 75,235 | - | - | - | - | - |
Payment of debt issuance costs | |||||||||||
- | - | - | - | 13,000 | 10,000 | 23 | 8,242 | 21,657 | 12,533 | 10,079 | - |
Distributions to noncontrolling interests | |||||||||||
4,000 | 6,000 | 4,000 | 1,000 | 6,000 | 1,000 | 3,766 | 20,856 | 16,236 | 19,630 | 17,533 | 16,769 |
Payments to acquire additional interest in subsidiaries | |||||||||||
- | - | - | - | 4,000 | - | 4,505 | 3,167 | - | 9,248 | 285 | - |
Other financing activities | |||||||||||
13,000 | 6,000 | 8,000 | 10,000 | 12,000 | 11,000 | 8,740 | 3,570 | 3,970 | 2,321 | 1,692 | 2,568 |
Net cash used in financing activities | |||||||||||
-220,000 | -32,000 | -77,000 | -59,000 | 461,000 | 157,000 | -144,424 | 70,103 | -168,030 | -200,955 | -427,465 | -343,277 |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||||
-453,000 | 305,000 | -282,000 | -85,000 | 508,000 | -358,000 | 89,533 | 177,206 | 221,592 | -332,786 | -98,209 | -397,137 |