As-Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD
Source Document Currency Code 2015 Y 12/31/2017 USD 2016 Y 12/31/2018 USD 2017 Y 12/31/2018 USD 2018 Y 12/31/2018 USD

Cash flows from operating activities

Net income 91,822 100,317 235,171 164,760

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

Depreciation and amortization 144,503 147,839 181,619 197,731
Amortization of debt issuance cost 902 1,642 3,174 4,163
Equity-based compensation 9,213 12,298 10,743 10,486
Write-off of debt issuance costs 0 0 613 110
Excess income tax benefits for equity-based compensation activities 0 (822) 0 0
Gain on sale of cable system 0 (4,096) 0 0
Increase (decrease) in deferred income taxes (12,078) (1,497) (87,223) 34,973
Loss on asset disposals, net 602 2,821 574 14,167
Changes in operating assets and liabilities, net of effects from acquisitions
(Increase) decrease in accounts receivable, net (4,976) 1,773 18,146 (17)
(Increase) decrease in income taxes receivable 0 (4,547) (16,784) 10,618
(Increase) decrease in prepaid and other current assets 1,763 (2,618) 5,073 (2,192)
Increase (decrease) in accounts payable and accrued liabilities 15,417 4,052 6,874 (27,853)
Increase (decrease) in deferred revenue 1,359 (1,324) (20,547) 3,946
Decrease in income taxes payable 2,073 (5,928) 0 0
Change in other noncurrent assets and liabilities, net 1,516 7,211 (12,947) (3,123)
Net cash provided by operating activities 252,116 257,121 324,486 407,769

Cash flows from investing activities

Purchase of business, net of cash acquired 0 0 (727,947) 0
Capital expenditures (172,064) (130,824) (179,363) (217,766)
Increase (decrease) in accrued expenses related to capital expenditures 10,225 (16,190) 4,167 2,005
Proceeds from sale of cable system, net 0 6,752 0 0
Acquisition of cable system 0 (2,672) 0 0
Proceeds from sales of property, plant and equipment and other 911 1,327 11,976 1,466
Net cash used in investing activities (160,928) (141,607) (891,167) (214,295)

Cash flows from financing activities

Net transfers to GHC (42,665) NA NA NA
Proceeds from issuance of long-term debt 541,114 0 750,000 0
Payment of debt issuance costs (1,768) 0 (15,224) (2,131)
Payments on long-term debt (1,250) (3,767) (100,642) (14,391)
Repurchases of common stock (16,367) (56,370) (528) (26,582)
Payment of withholding tax for equity awards 0 (2,190) (4,983) (7,155)
Dividends paid to stockholders (8,782) (34,445) (37,216) (42,854)
Dividends paid to GHC (450,000) NA NA NA
Excess income tax benefits for equity-based compensation activities 0 822 0 0
Deposits received for asset construction NA 0 0 2,000
Increase in cash overdraft 1,319 (723) (1,014) 0
Net cash provided by (used in) financing activities 21,601 (96,673) 590,393 (91,113)
Increase in cash and cash equivalents 112,789 18,841 23,712 102,361
Cash and cash equivalents, beginning of period 6,410 119,199 138,040 161,752
Cash and cash equivalents, end of period 119,199 138,040 161,752 264,113

Supplemental cash flow disclosures

Cash paid for interest, net of capitalized interest 14,038 28,628 43,327 56,412
Cash paid for income taxes, net of refunds received 29,970 73,007 59,622 1,811

Non-cash investing and financing activity

Equipment financed with capital lease 301 NA NA 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.