|
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net (loss) income |
$ (4.9) |
$ 0.4 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
| Depreciation and amortization expense |
67.3 |
57.6 |
| Amortization of aerial image library, deferred contract costs and lease incentive |
4.5 |
5.0 |
| Non-cash stock-based compensation expense, net of capitalized stock-based compensation expense |
4.6 |
3.9 |
| Amortization of debt issuance costs and accretion of debt discount, net of capitalized interest |
1.7 |
|
| Deferred income taxes |
(5.9) |
3.8 |
| Excess tax benefit from share-based compensation |
(0.9) |
|
| Other |
0.4 |
1.2 |
| Changes in working capital, net of assets acquired and liabilities assumed in business combinations: |
|
|
| Accounts receivable, net |
3.6 |
0.1 |
| Deferred contract costs |
(4.8) |
(0.4) |
| Other current and non-current assets |
4.8 |
6.7 |
| Accounts payable |
5.8 |
(12.1) |
| Accrued liabilities |
0.5 |
(12.7) |
| Deferred revenue |
(19.8) |
(13.6) |
| Net cash flows provided by operating activities |
56.9 |
39.9 |
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Construction in progress additions |
(30.1) |
(61.8) |
| Property and equipment additions |
(1.2) |
(2.2) |
| Acquisition of businesses, net of cash acquired |
|
(35.7) |
| Decrease in restricted cash |
|
2.0 |
| Net cash flows used in investing activities |
(31.3) |
(97.7) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Repayment of debt |
(1.4) |
(1.4) |
| Principal payments on capital lease obligations |
(0.2) |
(0.2) |
| Repurchase of common stock |
(31.1) |
|
| Proceeds from exercise of stock options |
4.3 |
1.8 |
| Preferred stock dividend payment |
(1.0) |
(1.0) |
| Excess tax benefit from share-based compensation |
0.9 |
|
| Net cash flows used in financing activities |
(28.5) |
(0.8) |
| Net decrease in cash and cash equivalents |
(2.9) |
(58.6) |
| Cash and cash equivalents, beginning of period |
117.8 |
229.1 |
| Cash and cash equivalents, end of period |
114.9 |
170.5 |
| SUPPLEMENTAL CASH FLOW INFORMATION: |
|
|
| Cash paid for interest, net of capitalized amounts of $11.5 million and $21.1 million, respectively |
9.6 |
|
| NON-CASH INVESTING AND FINANCING ACTIVITIES: |
|
|
| Changes to non-cash property, equipment and construction in progress accruals, including interest |
3.2 |
12.0 |
| Non-cash preferred stock dividend accrual |
$ (1.0) |
$ (1.0) |