XML 61 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
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 income $ 193,817 $ 8,038 $ (8,379)
Income from discontinued operations, net of tax 222,174 7,022 7,039
(Loss) income from continuing operations (28,357) 1,016 (15,418)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 96,908 62,878 65,759
Amortization of intangible assets 1,545 490 724
Provision for credit losses 2,132 2,852 1,972
Stock-based compensation expense, net of amount capitalized 9,837 10,033 8,528
Deferred income taxes (9,759) 2,973 (1,414)
Impairment expense 382 2,552 5,241
Gain on sale of FCC spectrum licenses 0 (1,328) 0
Other, net 626 (462) 499
Changes in assets and liabilities, net of effects of business acquisition:      
Accounts receivable (2,452) (143) (583)
Current income taxes 1,382 25,532 1,054
Operating lease assets and liabilities, net (361) 65 232
Other assets (3,268) 4,879 348
Accounts payable (2,240) (2,959) 79
Other deferrals and accruals 3,004 (4,048) (1,594)
Net cash provided by operating activities - continuing operations 69,379 104,330 65,427
Net cash (used in) provided by operating activities - discontinued operations (6,812) 9,444 9,468
Net cash provided by operating activities 62,567 113,774 74,895
Cash flows from investing activities:      
Capital expenditures (319,070) (255,070) (188,989)
Government grants received 19,238 1,904 0
Cash disbursed for acquisition, net of cash acquired (347,411) 0 0
Proceeds from the sale of FCC spectrum licenses 0 17,300 0
Refund received for deposit on FCC spectrum leases 0 0 3,996
Proceeds from sale of assets and other 2,010 655 1,434
Net cash used in investing activities - continuing operations (645,233) (235,211) (183,559)
Net cash provided by (used in) investing activities - discontinued operations 305,827 (1,480) (620)
Net cash used in investing activities (339,406) (236,691) (184,179)
Cash flows from financing activities:      
Principal payments on long-term debt (7,044) 0 0
Proceeds from credit facility borrowings 125,000 225,000 75,000
Payments for debt amendment costs (4,570) (300) 0
Proceeds from the issuance of redeemable noncontrolling interest, net of financing fees paid 79,380 0 0
Dividends paid (5,805) (4,523) (3,991)
Taxes paid for equity award issuances (1,727) (1,387) (1,076)
Payments for financing arrangements and other (1,378) (679) (932)
Net cash provided by financing activities 183,856 218,111 69,001
Net (decrease) increase in cash and cash equivalents (92,983) 95,194 (40,283)
Cash and cash equivalents, beginning of period 139,255 44,061 84,344
Cash and cash equivalents, end of period 46,272 139,255 44,061
Supplemental Disclosures of Cash Flow Information      
Interest paid, net of amounts capitalized $ (12,075) $ (3,026) $ (580)