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 2018 Q3 YTD 9/30/2018 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 2018 Q3 YTD 9/30/2018 USD

Cash flows from operating activities

Net income 147,309 91,822 101,102 234,028 122,752

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

Depreciation and amortization 134,167 144,503 147,839 181,619 148,225
Amortization of debt issuance cost 0 902 1,642 3,174 3,088
Equity-based compensation 1,997 9,213 12,298 10,743 7,262
Write-off of debt issuance costs NA 0 0 613 110
Excess income tax benefits for equity-based compensation activities 0 0 (822) 0 NA
Gain on sale of cable system 0 0 (4,096) 0 NA
Increase in deferred income taxes 4,276 (12,078) (1,090) (86,357) 18,626
(Gain) loss on asset disposals, net 858 602 2,821 574 12,508
Net gain on sale of intangible assets (75,249) NA NA NA NA
Changes in operating assets and liabilities, net of effects from acquisitions
(Increase) decrease in accounts receivable 627 (4,976) 1,773 (3,065) 1,762
(Increase) decrease in income taxes receivable NA 0 (4,547) (16,784) 12,765
(Increase) decrease in prepaid and other current assets (3,429) 1,763 243 4,950 (5,796)
Decrease in accounts payable and accrued liabilities (4,800) 15,417 4,052 6,982 (14,437)
Increase in deferred revenue 3,200 1,359 (173) 1,560 3,673
Income taxes payable (322) 2,073 (5,928) 0 NA
Change in other noncurrent assets and liabilities, net (2,801) 1,516 2,007 (13,551) (2,921)
Net cash provided by operating activities 205,833 252,116 257,121 324,486 307,617

Cash flows from investing activities

Purchase of business, net of cash acquired NA 0 0 (727,947) 0
Capital expenditures (165,787) (172,064) (130,824) (179,363) (159,170)
Increase (decrease) in accrued expenses related to capital expenditures (11,613) 10,225 (16,190) 4,167 1,740
Proceeds from sales of intangible assets 97,399 NA NA NA NA
Proceeds from sale of cable system, net 0 0 6,752 0 NA
Acquisition of cable system 0 0 (2,672) 0 NA
Proceeds from sales of property, plant and equipment 1,601 911 1,327 11,976 1,827
Net cash used in investing activities (78,400) (160,928) (141,607) (891,167) (155,603)

Cash flows from financing activities

Net transfers to GHC (131,277) (42,665) 0 0 NA
Proceeds from issuance of long-term debt 0 541,114 0 750,000 0
Payment of debt issuance costs 0 (1,768) 0 (15,224) (2,131)
Payments on long-term debt 0 (1,250) (3,767) (100,642) (10,013)
Repurchases of common stock 0 (16,367) (56,370) (528) (22,556)
Payment of withholding tax for restricted shares 0 NA NA NA NA
Payment of withholding tax for equity awards NA 0 (2,190) (4,983) (7,121)
Dividends paid to stockholders 0 (8,782) (34,445) (37,216) (31,451)
Dividends paid to GHC 0 (450,000) 0 0 NA
Excess income tax benefits for equity-based compensation activities 0 0 822 0 NA
Decrease in cash overdraft 4,016 1,319 (723) (1,014) (3,593)
Net cash provided by (used in) financing activities (127,261) 21,601 (96,673) 590,393 (76,865)
Increase (decrease) in cash and cash equivalents 172 112,789 18,841 23,712 75,149
Cash and cash equivalents, beginning of period 6,238 6,410 119,199 138,040 161,752
Cash and cash equivalents, end of period 6,410 119,199 138,040 161,752 236,901

Supplemental cash flow disclosures

Cash paid for interest, net of capitalized interest 0 14,038 28,628 43,327 35,571
Cash paid for income taxes, net of refunds received 5,629 29,970 73,007 59,622 2,366

Non-cash investing and financing activity

Equipment financed with capital lease 0 301 0 0 NA
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.