CASH FLOWS FROM OPERATING ACTIVITIES: | |
Net income | 366M |
Adjustments to reconcile net income to net cash provided by operating activities: | |
Depreciation and amortization | 1.57B |
Provision for uncollectible accounts receivable | 118M |
Deferred rent expense | 32M |
Cost of abandoned cell sites | |
Stock-based compensation expense | 59M |
Non-cash interest expense | |
Loss on disposal of assets | |
Loss on extinguishment of debt | |
Gain on sale of investments | |
Accretion of asset retirement obligations | |
Other non-cash expense | |
Deferred income taxes | 219M |
Changes in assets and liabilities: | |
Inventories | 301M |
Accounts receivable, net | |
Prepaid expenses | |
Deferred charges | |
Other assets | -98M |
Accounts payable and accrued expenses | -731M |
Deferred revenue | |
Other liabilities | 112M |
Net cash provided by operating activities | 1.74B |
CASH FLOWS FROM INVESTING ACTIVITIES: | |
Purchases of property and equipment | -1.16B |
Change in prepaid purchases of property and equipment | |
Proceeds from sale of property and equipment | |
Purchase of investments | |
Proceeds from maturity of investments | |
Change in restricted cash and investments | |
Acquisitions of FCC licenses and microwave clearing costs | -705M |
Cash used in asset acquisitions | |
Net cash used in investing activities | -1.86B |
CASH FLOWS FROM FINANCING ACTIVITIES: | |
Change in book overdraft | |
Proceeds from debt issuance, net of discount | |
Debt issuance costs | |
Repayment of debt | -5M |
Retirement of senior secured credit facility debt | |
Payments on capital lease obligations | -54M |
Purchase of treasury stock | |
Proceeds from exercise of stock options | |
Net cash provided by (used in) financing activities | -67M |
INCREASE (DECREASE) CASH AND CASH EQUIVALENTS | -186M |
CASH AND CASH EQUIVALENTS, beginning of period | 5.54B |
CASH AND CASH EQUIVALENTS, end of period | 5.35B |