Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income (loss) $ 426,961 $ 43,055 $ (352,038)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 267,880 273,691 309,450
Non-cash interest expense, net of amortization of premium 39,515 42,841 43,066
Provision for doubtful accounts 33,164 32,379 30,602
Restructuring, impairments and related costs   66,731 26,964
Amortization of deferred income related to equity method investment (2,776) (2,776) (2,776)
Loss on extinguishment of debt and credit facilities, net 7,206 120,120 267,646
Gain on merger of unconsolidated entities (75,768)    
Loss on unconsolidated entity investments, net 6,520 11,722 13,664
Loss on disposal of assets 269 1,017  
Share-based payment expense 53,190 60,437 73,981
Deferred income taxes 8,264 2,308 4,359
Other non-cash purchase price adjustments (275,338) (250,727) (202,054)
Distributions from investment in unconsolidated entity 4,849    
Changes in operating assets and liabilities:      
Accounts receivable (13,211) (39,236) (42,158)
Receivables from distributors (17,241) (11,023) (2,788)
Inventory (14,793) (5,725) 8,269
Related party assets 30,036 (9,803) 15,305
Prepaid expenses and other current assets 8,525 75,374 10,027
Other long-term assets 36,490 17,671 86,674
Accounts payable and accrued expenses (32,010) 5,420 (46,645)
Accrued interest (2,048) (884) 2,429
Deferred revenue 55,336 133,444 93,578
Related party liabilities (1,542) (53,413) 50,172
Other long-term liabilities 152 272 46,103
Net cash provided by operating activities 543,630 512,895 433,830
Cash flows from investing activities:      
Additions to property and equipment (137,429) (311,868) (248,511)
Purchase of restricted investments (826)    
Sale of restricted and other investments   9,454  
Release of restricted investments 250    
Return of capital from investment in unconsolidated entity 10,117    
Net cash used in investing activities (127,888) (302,414) (248,511)
Cash flows from financing activities:      
Proceeds from exercise of stock options 11,553 10,839  
Preferred stock issuance, net of costs     (3,712)
Long-term borrowings, net of costs   1,274,707 582,612
Related party long-term borrowings, net of costs   196,118 362,593
Payment of premiums on redemption of debt (5,020) (84,326) (17,075)
Repayment of long-term borrowings (234,976) (1,262,396) (755,447)
Repayment of related party long-term borrowings   (142,221) (351,247)
Net cash used in financing activities (228,443) (7,279) (182,276)
Net increase cash and cash equivalents 187,299 203,202 3,043
Cash and cash equivalents at beginning of period 586,691 383,489 380,446
Cash and cash equivalents at end of period 773,990 586,691 383,489
Cash paid during the period for:      
Interest, net of amounts capitalized 258,676 241,160 257,328
Non-cash investing and financing activities:      
Share based payments in satisfaction of accrued compensation     31,291
Common stock issued in exchange of 2.5% Convertible Notes due 2009 including, accrued interest     18,000
Structuring fee on 10% Senior PIK Secured Notes due 2011     5,918
Preferred stock issued to Liberty Media     227,716
Release of restricted investments     137,850
In-orbit satellite performance incentive   21,450 14,905
Sale-leaseback of equipment   5,305  
Common stock issuance upon exercise of warrants 7    
Conversion of Series A preferred stock to common stock   $ 25