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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net (loss) income $ (204,074) $ 1,273,441 $ 5,146
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Depreciation and amortization     92,222
Amortization of debt discounts and premium 3,688 1,323 1,464
Amortization of discounts, due from T-Mobile, IP Transit Services & Purchase Agreements (24,515) (28,685)  
Equity-based compensation expense (net of amounts capitalized) 25,738 26,924 24,439
Gain on bargain purchase - Sprint Business (22,202) (1,406,435)  
Foreign currency exchange gain on 2024 Notes     (31,561)
Loss on extinguishment & redemption of 2024 notes     11,885
Gain - lease termination (3,332)    
Gains-equipment transactions and other, net   212 372
Deferred income taxes (51,623) (69,582) 16,539
Changes in operating assets and liabilities:      
Accounts receivable 38,541 (51,002) (2,838)
Prepaid expenses and other current assets (5,839) (11,001) (7,427)
Due to T-Mobile - Transition Services Agreement (66,383) 66,908  
Due from T-Mobile - Transition Services Agreement 4,452 (4,514)  
Deposits and other assets (3,966) (1,548) (282)
Accounts payable, accrued liabilities and other long-term liabilities 2,852 (10,905) 63,748
Net cash (used in) provided by operating activities (8,645) 17,345 173,707
Cash flows from investing activities:      
Cash receipts - IP Transit Services Agreement - T-Mobile 204,167 204,167  
Acquisition of Sprint Business, net of $47.1 million of cash acquired in 2023 12,323 2,191  
Purchases of property and equipment (194,998) (129,632) (78,971)
Net cash provided by (used in) investing activities 21,492 76,726 (78,971)
Cash flows from financing activities:      
Redemption and extinguishment of unsecured 2024 Notes     (375,354)
Dividends paid (189,408) (181,716) (169,857)
Purchases and retirement of common stock (7,968)    
Principal payments of finance lease obligations   (77,362) (45,472)
Settlement of a finance lease - at a discount (114,576)    
Principal payments of installment payment agreement     (790)
Proceeds from exercises of common stock options 2,204 1,227 614
Net cash provided by (used in) financing activities 105,925 (257,851) (144,849)
Effect of exchange rate changes on cash (4,637) 1,649 (2,599)
Net increase (decrease) in cash and cash equivalents & restricted cash 114,135 (162,131) (52,712)
Cash and cash equivalents & restricted cash, beginning of year 113,781 275,912 328,624
Cash and cash equivalents & restricted cash, end of year 227,916 113,781 275,912
Supplemental disclosures of cash flow information:      
Cash paid for interest 133,954 104,698 66,479
Cash paid for income taxes 3,165 35,291 7,156
Non-cash investing and financing activities:      
Finance lease obligations incurred 241,193 232,468 107,875
Fair value of equipment acquired in leases   $ 141 1,969
Senior unsecured 2027 Notes      
Cash flows from financing activities:      
Net proceeds from issuance of senior unsecured 2027 Notes, net of debt costs of $1.6 million in 2024 and a discount of $6.8 million in 2024 and debt costs of $1.3 million in 2022 291,879   $ 446,010
Secured IPv4 notes      
Cash flows from financing activities:      
Net proceeds from issuance of secured IPv4 notes - net of debt costs of $7.6 million $ 198,426