Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

 v2.3.0.11
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income $ 251,440 $ 56,870
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 135,462 139,495
Non-cash interest expense, net of amortization of premium 19,234 22,294
Provision for doubtful accounts 17,744 15,756
Restructuring, impairments and related costs   1,803
Amortization of deferred income related to equity method investment (1,388) (2,137)
Loss on extinguishment of debt and credit facilities, net 7,206 34,437
Gain on merger of unconsolidated entities (83,718)  
Loss on unconsolidated entity investments, net 6,045 6,065
Loss on disposal of assets 269 (18)
Share-based payment expense 23,591 33,083
Deferred income taxes 2,223 2,633
Other non-cash purchase price adjustments (134,862) (120,706)
Distributions from unconsolidated entity 4,849  
Changes in operating assets and liabilities:    
Accounts receivable 3,080 (14,296)
Receivables from distributors (13,438) (26,655)
Inventory (10,399) 2,467
Related party assets 31,076 (701)
Prepaid expenses and other current assets (20,871) 10,245
Other long-term assets 15,974 10,947
Accounts payable and accrued expenses (101,552) (76,144)
Accrued interest (1,888) (4,796)
Deferred revenue 63,649 105,004
Related party liabilities (42) (54,978)
Other long-term liabilities (194) 319
Net cash provided by operating activities 213,490 140,987
Cash flows from investing activities:    
Additions to property and equipment (75,298) (169,313)
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 (64,931) (159,859)
Cash flows from financing activities:    
Proceeds from exercise of stock options 6,921  
Long-term borrowings, net of costs   637,406
Related party long-term borrowings, net of costs   147,094
Payment of premiums on redemption of debt (5,020) (24,065)
Repayment of long-term borrowings (208,824) (810,977)
Repayment of related party long-term borrowings   (55,221)
Net cash used in financing activities (206,923) (105,763)
Net decrease in cash and cash equivalents (58,364) (124,635)
Cash and cash equivalents at beginning of period 586,691 383,489
Cash and cash equivalents at end of period 528,327 258,854
Cash paid during the period for:    
Interest, net of amounts capitalized 163,059 128,176
Non-cash investing and financing activities:    
Sale-leaseback of equipment   5,305
Common stock issuance upon exercise of warrants $ 7