As-Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2016 USD 2015 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

Cash flows from operating activities

Net income 147,309 91,822 101,102 234,028

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation and amortization 134,167 144,503 147,839 181,619
Amortization of debt issuance costs 0 902 1,642 3,174
Equity-based compensation 1,997 9,213 12,298 10,743
Write-off of debt issuance costs NA 0 0 613
Excess income tax benefits for equity-based compensation activities 0 0 (822) 0
Gain on sale of cable system 0 0 (4,096) 0
Deferred income taxes 4,276 (12,078) (1,090) (86,357)
(Gain) loss on disposal of assets 858 602 2,821 574
Net gain on sale of intangible assets (75,249) NA NA NA
Changes in operating assets and liabilities
Accounts receivable, net 627 (4,976) 1,773 (3,065)
Income tax receivable NA 0 (4,547) (16,784)
Prepaid assets (3,429) 1,763 243 4,950
Accounts payable and accrued liabilities (4,800) 15,417 4,052 6,982
Deferred revenue 3,200 1,359 (173) 1,560
Income taxes payable (322) 2,073 (5,928) 0
Other assets and other liabilities, net (2,801) 1,516 2,007 (13,551)
Net cash provided by operating activities 205,833 252,116 257,121 324,486

Cash flows from investing activities

Purchase of business, net of cash acquired NA 0 0 (727,947)
Capital expenditures (165,787) (172,064) (130,824) (179,363)
Change in accrued expenses related to capital expenditures (11,613) 10,225 (16,190) 4,167
Proceeds from sales of intangible assets 97,399 NA NA NA
Proceeds from sale of cable system, net 0 0 6,752 0
Acquisition of cable system 0 0 (2,672) 0
Proceeds from sales of property, plant and equipment and other 1,601 911 1,327 11,976
Net cash used in investing activities (78,400) (160,928) (141,607) (891,167)

Cash flows from financing activities

Net transfers to GHC (131,277) (42,665) 0 0
Proceeds from issuance of long-term debt 0 541,114 0 750,000
Payment of debt issuance costs 0 (1,768) 0 (15,224)
Payments on long-term debt 0 (1,250) (3,767) (100,642)
Repurchases of common stock 0 (16,367) (56,370) (528)
Payments of withholding tax for equity awards 0 0 (2,190) (4,983)
Dividends paid to stockholders 0 (8,782) (34,445) (37,216)
Dividends paid to GHC 0 (450,000) 0 0
Excess income tax benefits for equity-based compensation activities 0 0 822 0
Cash overdraft 4,016 1,319 (723) (1,014)
Net cash provided by (used in) financing activities (127,261) 21,601 (96,673) 590,393
Change in cash and cash equivalents 172 112,789 18,841 23,712
Cash and cash equivalents, beginning of period 6,238 6,410 119,199 138,040
Cash and cash equivalents, end of period 6,410 119,199 138,040 161,752

Supplemental cash flow disclosures

Cash paid for interest, net of capitalized interest 0 14,038 28,628 43,327
Cash paid for income taxes 5,629 29,970 73,007 59,622

Non-cash investing and financing activity

Equipment financed with capital lease 0 301 0 0
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