v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net earnings (loss) $ 108,393 $ 64,372
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 130,636 985
Stock-based compensation 20,435 3,734
Litigation settlement 110,000  
Share of (earnings) losses of affiliate, net (437,827) (219,810)
(Gain) loss on dilution of investment in affiliate 96,753 105,326
Realized and unrealized (gains) losses on financial instruments, net 25,716  
Deferred income tax expense (benefit) (17,968) 22,204
Other, net (1,682) 625
Changes in operating assets and liabilities:    
Current and other assets 137,407 (72)
Payables and other liabilities (60,406) 6,938
Net cash provided by (used in) operating activities 111,457 (15,698)
Cash flows from investing activities:    
Capital expenditures (50,099) (35)
Exercise of preemptive right to purchase Charter shares   (14,910)
Cash received for Charter shares repurchased by Charter 1,762,555  
Other investing activities, net 1,762  
Net cash provided by (used in) investing activities 1,714,218 (14,945)
Cash flows from financing activities:    
Borrowings of debt 716,684  
Repayments of debt, finance leases and tower obligations (1,781,459)  
Repurchases of Liberty Broadband common stock (1,957,030)  
Other financing activities, net (1,942) (1,919)
Net cash provided by (used in) financing activities (3,023,747) (1,919)
Net increase (decrease) in cash, cash equivalents and restricted cash (1,198,072) (32,562)
Cash, cash equivalents and restricted cash, beginning of period 1,433,292 49,724
Cash, cash equivalents and restricted cash, end of period $ 235,220 $ 17,162

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