v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 345,221 $ 133,332
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 198,766 1,041
Stock-based compensation 31,016 5,736
Litigation settlement, net of recoveries 86,480  
Share of (earnings) losses of affiliate, net (752,390) (408,396)
(Gain) loss on dilution of investment in affiliate 98,446 140,610
Realized and unrealized (gains) losses on financial instruments, net 52,555 39,324
Deferred income tax expense (benefit) (10,613) 47,183
Other, net (14,415) 1,070
Changes in operating assets and liabilities:    
Current and other assets 158,035 244
Payables and other liabilities (57,133) 3,044
Net cash provided by (used in) operating activities 135,968 (36,812)
Cash flows from investing activities:    
Capital expenditures (91,219) (42)
Exercise of preemptive right to purchase Charter shares   (14,910)
Cash received for Charter shares repurchased by Charter 2,642,797  
Other investing activities, net 17,312  
Net cash provided by (used in) investing activities 2,568,890 (14,952)
Cash flows from financing activities:    
Borrowings of debt 1,066,684 700,000
Repayments of debt, finance leases and tower obligations (1,848,212)  
Repurchases of Liberty Broadband common stock (2,910,587) (285,722)
Other financing activities, net (1,115) (11,970)
Net cash provided by (used in) financing activities (3,693,230) 402,308
Net increase (decrease) in cash, cash equivalents and restricted cash (988,372) 350,544
Cash, cash equivalents and restricted cash, beginning of period 1,433,292 49,724
Cash, cash equivalents and restricted cash, end of period $ 444,920 $ 400,268

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