CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
6 Months Ended |
Jun. 30, 2016 |
Jun. 30, 2015 |
| Cash Flows From Operating Activities: |
|
|
| Net income (loss) |
$ 813,266
|
$ 685,578
|
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: |
|
|
| Depreciation and amortization |
483,246
|
509,098
|
| Realized and unrealized losses (gains) on investments |
(113,012)
|
(262,727)
|
| Non-cash, stock-based compensation |
3,745
|
14,823
|
| Deferred tax expense (benefit) |
185,938
|
72,427
|
| Other, net |
54,635
|
39,061
|
| Changes in current assets and current liabilities, net |
125,273
|
390,896
|
| Net cash flows from operating activities |
1,553,091
|
1,449,156
|
| Cash Flows From Investing Activities: |
|
|
| Purchases of marketable investment securities |
(136,212)
|
(112,864)
|
| Sales and maturities of marketable investment securities |
563,416
|
1,892,987
|
| Settlement of derivative financial instruments |
562,234
|
|
| Purchases of property and equipment |
(333,571)
|
(409,852)
|
| Capitalized interest related to FCC authorizations (Note 2) |
(405,071)
|
(124,894)
|
| AWS-3 FCC license deposits (Note 10) |
|
(9,075,567)
|
| AWS-3 FCC license refund (Note 10) |
|
400,000
|
| Other, net |
9,048
|
(38)
|
| Net cash flows from investing activities |
259,844
|
(7,430,228)
|
| Cash Flows From Financing Activities: |
|
|
| Proceeds from issuance of senior notes |
2,000,000
|
|
| Redemption and repurchases of senior notes (Note 9) |
(1,500,000)
|
(650,001)
|
| Capital contributions from Northstar Manager and SNR Management (Note 10) |
|
204,200
|
| Repayment of long-term debt and capital lease obligations |
(16,624)
|
(15,053)
|
| Net proceeds from Class A common stock options exercised and stock issued under the Employee Stock Purchase Plan |
7,443
|
18,001
|
| Debt issuance costs |
(7,676)
|
|
| Other, net |
128
|
13,678
|
| Net cash flows from financing activities |
483,271
|
(429,175)
|
| Net increase (decrease) in cash and cash equivalents |
2,296,206
|
(6,410,247)
|
| Cash and cash equivalents, beginning of period |
1,053,158
|
7,104,496
|
| Cash and cash equivalents, end of period |
$ 3,349,364
|
$ 694,249
|