As-Reported Financials

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD
Document Name As Of Date Currency Code 2015 Y 10-K 12/31/2015 USD 2016 Y 10-K 12/31/2016 USD 2017 Y 10-K 12/31/2017 USD 2018 Y 10-K 12/31/2018 USD 2019 Q3 YTD 10-Q 9/30/2019 USD

Cash flows from operating activities

Net income 91,822 100,317 235,171 164,760 124,969

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

Depreciation and amortization 144,503 147,839 181,619 197,731 157,416
Amortization of debt issuance cost 902 1,642 3,174 4,163 3,527
Equity-based compensation 9,213 12,298 10,743 10,486 9,161
Write-off of debt issuance costs 0 0 613 110 4,207
Excess income tax benefits for equity-based compensation activities 0 (822) 0 0 NA
Gain on sale of cable system 0 (4,096) 0 0 NA
Increase in deferred income taxes (12,078) (1,497) (87,223) 34,973 22,712
Loss on asset disposals, net 602 2,821 574 14,167 4,375
Changes in operating assets and liabilities, net of effects from acquisitions
Decrease in accounts receivable, net (4,976) 1,773 18,146 (17) 310
Decrease in income taxes receivable 0 (4,547) (16,784) 10,618 8,952
Increase in prepaid and other current assets 1,763 (2,618) 5,073 (2,192) (4,177)
Increase (decrease) in accounts payable and accrued liabilities 15,417 4,052 6,874 (27,853) 8,723
Increase (decrease) in deferred revenue 1,359 (1,324) (20,547) 3,946 (709)
Decrease in income taxes payable 2,073 (5,928) 0 0 NA
Change in other noncurrent assets and liabilities, net 1,516 7,211 (12,947) (3,123) NA
Other, net NA NA NA NA (4,281)
Net cash provided by operating activities 252,116 257,121 324,486 407,769 335,185

Cash flows from investing activities

Purchase of business, net of cash acquired 0 0 (727,947) 0 (356,917)
Capital expenditures (172,064) (130,824) (179,363) (217,766) (176,324)
Increase (decrease) in accrued expenses related to capital expenditures 10,225 (16,190) 4,167 2,005 (1,431)
Proceeds from sale of cable system, net 0 6,752 0 0 NA
Acquisition of cable system 0 (2,672) 0 0 NA
Proceeds from sales of property, plant and equipment 911 1,327 11,976 1,466 7,050
Net cash used in investing activities (160,928) (141,607) (891,167) (214,295) (527,622)

Cash flows from financing activities

Net transfers to GHC (42,665) NA NA NA NA
Proceeds from issuance of long-term debt 541,114 0 750,000 0 825,000
Payment of debt issuance costs (1,768) 0 (15,224) (2,131) (11,756)
Payments on long-term debt (1,250) (3,767) (100,642) (14,391) (695,440)
Repurchases of common stock (16,367) (56,370) (528) (26,582) (5,073)
Payment of withholding tax for equity awards 0 (2,190) (4,983) (7,155) (2,892)
Dividends paid to stockholders (8,782) (34,445) (37,216) (42,854) (35,667)
Dividends paid to GHC (450,000) NA NA NA NA
Excess income tax benefits for equity-based compensation activities 0 822 0 0 NA
Deposits received for asset construction NA 0 0 2,000 NA
Change in cash overdraft 1,319 (723) (1,014) 0 0
Net cash provided by (used in) financing activities 21,601 (96,673) 590,393 (91,113) 74,172
Increase (decrease) in cash and cash equivalents 112,789 18,841 23,712 102,361 (118,265)
Cash and cash equivalents, beginning of period 6,410 119,199 138,040 161,752 264,113
Cash and cash equivalents, end of period 119,199 138,040 161,752 264,113 145,848

Supplemental cash flow disclosures

Cash paid for interest, net of capitalized interest 14,038 28,628 43,327 56,412 49,740
Cash paid for income taxes, net of refunds received 29,970 73,007 59,622 1,811 3,823

Non-cash investing and financing activity

Equipment financed with capital lease 301 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.