As-Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD
Source Document Currency Code 2013 Y 12/31/2015 USD 2014 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD 2017 Q3 YTD 9/30/2017 USD

Cash flows from operating activities

Net income 104,511 147,309 89,033 98,939 93,304

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

Depreciation and amortization 125,709 134,167 140,635 142,183 130,875
Amortization of debt issuance costs NA 0 902 1,642 2,183
Equity-based compensation 2,361 1,997 9,213 12,298 7,921
Excess income tax benefits for equity-based compensation activities NA 0 0 (822) NA
Write-off of debt issuance costs NA NA NA NA 613
Gain on sale of cable system NA 0 0 (4,096) 0
Deferred income taxes (2,645) 4,276 (11,282) (403) 11,307
(Gain) loss on disposal of assets 3,294 858 602 2,821 (3,180)
Net gain on sale of intangible assets 0 NA NA NA NA
Changes in operating assets and liabilities
Accounts receivable, net (917) 627 (4,976) (2,251) (6,532)
Income tax receivable NA NA NA NA (13,580)
Prepaid assets (1,230) (3,429) 1,763 243 884
Accounts payable and accrued liabilities 1,022 (4,800) 15,417 4,052 (6,618)
Deferred revenue 0 3,200 1,359 (173) 452
Income taxes payable 1,344 (322) 2,231 (4,609) 0
Other assets and liabilities, net 3,198 (2,801) 1,516 2,007 2,159
Net cash provided by operating activities 236,647 205,833 246,413 251,831 219,788

Cash flows from investing activities

Purchase of business, net of cash acquired NA NA NA NA (727,947)
Capital expenditures NA (165,787) (166,361) (125,534) (128,830)
Change in accrued expenses related to capital expenditures NA (11,613) 10,225 (16,190) 1,982
Cash paid for property, plant and equipment (141,949) NA NA NA NA
Proceeds from sales of intangible assets 0 97,399 0 0 NA
Proceeds from sale of cable system, net NA 0 0 6,752 0
Acquisition of cable system NA 0 0 (2,672) 0
Proceeds from sales of property, plant and equipment 1,839 1,601 911 1,327 11,334
Other (71) NA NA NA NA
Net cash used in investing activities (140,181) (78,400) (155,225) (136,317) (843,461)

Cash flows from financing activities

Proceeds from issuance of long-term debt NA NA NA NA 750,000
Net transfers to GHC (96,789) (131,277) (42,665) 0 NA
Proceeds from issuance of long-term debt, net of issuance costs 0 0 541,114 0 NA
Payment of debt issuance costs 0 0 (1,768) 0 (15,224)
Payments on long-term debt 0 0 (1,250) (3,767) (97,825)
Repurchases of common stock 0 0 (16,367) (56,370) (399)
Payment of withholding tax for restricted shares NA 0 0 (2,190) NA
Payment of withholding tax for equity awards NA NA NA NA (2,531)
Dividends paid to stockholders 0 0 (8,782) (34,445) (27,188)
Dividends paid to GHC 0 0 (450,000) 0 NA
Excess income tax benefits for equity-based compensation activities NA 0 0 822 NA
Cash overdraft (739) 4,016 1,319 (723) (2,499)
Net cash provided by (used in) financing activities (97,528) (127,261) 21,601 (96,673) 604,334
Change in cash and cash equivalents (1,062) 172 112,789 18,841 (19,339)
Cash and cash equivalents, beginning of period 7,300 6,238 6,410 119,199 138,040
Cash and cash equivalents, end of period 6,238 6,410 119,199 138,040 118,701

Supplemental cash flow disclosures

Cash paid for interest 0 0 14,038 28,628 20,437
Cash paid for income taxes 3,128 5,629 29,970 73,007 57,397

Non-cash investing and financing activity

Equipment financed with capital lease 0 0 301 0 NA
Capital expenditures in accounts payable 18,297 NA 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.