| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
36,400 | -87,300 | 185,300 | -33,600 | -48,700 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
206,200 | 186,900 | 198,100 | 207,000 | 221,100 | ||
Realized and unrealized gain on derivative instruments | ||||||
- | - | - | 2,300 | 5,600 | ||
Deferred income taxes | ||||||
4,300 | -57,300 | -175,900 | 23,600 | 4,400 | ||
Provision for doubtful accounts | ||||||
16,900 | 20,200 | 19,700 | 21,400 | 24,900 | ||
Gain on sale of Lawrence, Kansas system | ||||||
- | - | 38,400 | - | - | ||
Gain on sale of operating assets, net | ||||||
-5,400 | 900 | 94,100 | - | - | ||
Amortization of debt issuance costs and discount | ||||||
4,700 | 4,700 | 5,000 | 7,600 | 12,300 | ||
Gain on sale of investment | ||||||
- | - | - | 2,200 | - | ||
Loss on early extinguishment of debt | ||||||
- | - | -7,100 | -7,400 | -22,900 | ||
Impairment losses on intangibles and goodwill | ||||||
9,700 | 216,300 | 147,400 | - | - | ||
Non-cash compensation | ||||||
10,100 | 13,000 | 13,400 | 1,100 | - | ||
Other non-cash items | ||||||
-600 | - | -200 | 200 | 600 | ||
Changes in operating assets and liabilities: | ||||||
Receivables and other operating assets | ||||||
25,200 | 36,700 | 27,000 | 12,600 | 26,300 | ||
Payables and accruals | ||||||
-2,800 | 10,400 | -45,300 | -26,000 | 3,800 | ||
Net cash provided by operating activities | ||||||
266,300 | 269,300 | 195,500 | 191,200 | 208,200 | ||
Cash flows from investing activities: | ||||||
Capital expenditures | ||||||
247,500 | 314,100 | 301,300 | 287,500 | 231,900 | ||
NuLink asset purchase | ||||||
- | - | - | 54,300 | - | ||
Proceeds from sale of Chicago fiber assets | ||||||
24,700 | 22,600 | 221,600 | - | - | ||
Proceeds from sale of Lawrence, Kansas system | ||||||
- | - | 213,000 | - | - | ||
Sale on investment | ||||||
- | - | - | 17,700 | - | ||
Other investing activities | ||||||
1,300 | -3,800 | -1,200 | -2,700 | 600 | ||
Net cash provided by (used in) investing activities | ||||||
-224,100 | -287,700 | 134,500 | -321,400 | -232,500 | ||
Cash flows from financing activities: | ||||||
Proceeds from issuance of long-term debt | ||||||
80,000 | 110,000 | 2,454,300 | 2,505,100 | 1,410,400 | ||
Payments on long-term debt and finance lease obligations | ||||||
112,800 | 74,300 | 3,082,200 | 2,529,600 | 1,581,600 | ||
Proceeds from issuance of common stock, net of issuance costs | ||||||
- | - | 334,100 | - | - | ||
Distribution to former Parent | ||||||
- | - | - | 2,200 | - | ||
Contribution from Parent | ||||||
- | - | 20,300 | 123,000 | - | ||
Payment of debt issuance costs | ||||||
- | - | 3,700 | 1,800 | 400 | ||
Repurchase of management units | ||||||
- | - | 8,800 | - | 400 | ||
Purchase of shares | ||||||
1,600 | 73,300 | 4,800 | - | - | ||
Other | ||||||
- | -200 | -600 | -100 | -1,000 | ||
Net cash provided by financing activities | ||||||
-34,400 | -37,800 | -291,400 | 94,400 | -173,000 | ||
Increase in cash and cash equivalents | ||||||
7,800 | -56,200 | 38,600 | -35,800 | -197,300 | ||
Supplemental disclosures of cash flow information: | ||||||
Cash paid during the periods for interest | ||||||
139,000 | 126,800 | 190,300 | 222,600 | 215,300 | ||
Cash paid during the periods for income taxes, net | ||||||
1,600 | 11,900 | 6,500 | 8,100 | 5,000 | ||
Insurance proceeds received for business interruption | ||||||
9,600 | 1,500 | - | - | - | ||
Non-cash financing activities: | ||||||
Capital lease additions | ||||||
- | - | - | - | 100 | ||
Capital expenditure accounts payable and accruals | ||||||
16,800 | 18,200 | 11,000 | 23,600 | 12,500 | ||