Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ (64,246) $ 4,280
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization expense 98,694 95,214
Unrealized (income) loss on derivative instrument with related party 41,700 (11,040)
Deferred income tax expense 5,621 5,156
Share-based compensation expense 8,883 5,010
Other noncash income and expense items 6,710 6,222
Change in operating assets and liabilities (29,208) (15,652)
Net cash provided by operating activities 68,154 89,190
Cash flows from investing activities:    
Purchases of property and equipment (93,977) (89,802)
Purchases of other assets and intangible assets (6,658) (7,109)
Purchase of business, net of cash received (6,341) 0
Note receivable payment from an equity method investee 0 3,000
Proceeds from sale of investment 0 675
Other (1,284) 126
Net cash used for investing activities (108,260) (93,110)
Cash flows from financing activities:    
Borrowing on Amended Senior Credit Facility 77,000 35,000
Repayment of debt, capital lease, and tower obligations (31,491) (25,943)
Purchase of treasury stock to be retired (5,633) (20,532)
Proceeds from tower sale 3,656 0
Payment of debt modification costs (2,417) 0
Other 2,716 196
Net cash provided by (used for) financing activities 43,831 (11,279)
Net increase (decrease) in cash and cash equivalents 3,725 (15,199)
Cash and cash equivalents at beginning of period 19,297 26,528
Cash and cash equivalents at end of period $ 23,022 $ 11,329