Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash flows from operating activities:      
Net income $ 3,472,702 $ 426,961 $ 43,055
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 266,295 267,880 273,691
Non-cash interest expense, net of amortization of premium 35,924 39,515 42,841
Provision for doubtful accounts 34,548 33,164 32,379
Restructuring, impairments and related costs 0 0 66,731
Amortization of deferred income related to equity method investment (2,776) (2,776) (2,776)
Loss on extinguishment of debt and credit facilities, net 132,726 7,206 120,120
Gain on merger of unconsolidated entities 0 (75,768) 0
Loss on unconsolidated entity investments, net 420 6,520 11,722
Dividend received from unconsolidated entity investment 1,185 0 0
Loss on disposal of assets 657 269 1,017
Share-based payment expense 63,822 53,190 60,437
Deferred income taxes (3,001,818) 8,264 2,308
Other non-cash purchase price adjustments (289,050) (275,338) (250,727)
Distribution from investment in unconsolidated entity 0 4,849 0
Changes in operating assets and liabilities:      
Accounts receivable (38,985) (13,211) (39,236)
Receivables from distributors (19,608) (17,241) (11,023)
Inventory 11,374 (14,793) (5,725)
Related party assets 9,523 30,036 (9,803)
Prepaid expenses and other current assets 647 8,525 75,374
Other long-term assets 22,779 36,490 17,671
Accounts payable and accrued expenses 46,043 (32,010) 5,420
Accrued interest (36,451) (2,048) (884)
Deferred revenue 101,311 55,336 133,444
Related party liabilities (7,545) (1,542) (53,413)
Other long-term liabilities 3,042 152 272
Net cash provided by operating activities 806,765 543,630 512,895
Cash flows from investing activities:      
Additions to property and equipment (97,293) (137,429) (311,868)
Purchase of restricted investments (26) (826) 0
Sale of restricted and other investments 0 0 9,454
Release of restricted investments 0 250 0
Return of capital from investment in unconsolidated entity 0 10,117 0
Net cash used in investing activities (97,319) (127,888) (302,414)
Cash flows from financing activities:      
Proceeds from exercise of stock options 123,369 11,553 10,839
Payment of premiums on redemption of debt (100,615) (5,020) (84,326)
Repayment of long-term borrowings (915,824) (234,976) (1,262,396)
Repayment of related party long-term borrowings (126,000) 0 (142,221)
Long-term borrowings, net of costs 383,641 0 1,274,707
Related party long-term borrowings 0 0 196,118
Dividends paid (327,062) 0 0
Net cash used in financing activities (962,491) (228,443) (7,279)
Net (decrease) increase in cash and cash equivalents (253,045) 187,299 203,202
Cash and cash equivalents at beginning of period 773,990 586,691 383,489
Cash and cash equivalents at end of period 520,945 773,990 586,691
Cash paid during the period for:      
Interest, net of amounts capitalized 262,039 258,676 241,160
Income taxes paid 4,935 0 0
Non-cash investing and financing activities:      
Conversion of Series B preferred stock to common stock 1,294 0 0
Capital lease obligations incurred to acquire assets 12,781 0 0
Common stock issuance upon exercise of warrants 0 7 0
Goodwill reduced for exercise of certain stock options 19,491 0 0
In-orbit satellite performance incentive 0 0 21,450
Sale-leaseback of equipment 0 0 5,305
Conversion of Series A preferred stock to common stock $ 0 $ 0 $ 25