Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:        
Net earnings (loss)     $ 64,372 $ (2,249)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:        
Depreciation and amortization $ 492 $ 469 985 937
Stock-based compensation     3,734 5,139
Share of (earnings) losses of affiliates, net (158,128) (45,400) (219,810) (80,249)
(Gain) loss on dilution of investment in affiliate 46,001 16,322 105,326 57,725
Deferred income tax expense (benefit)     22,204 (650)
Other, net     625 576
Changes in operating assets and liabilities:        
Current and other assets     (72) (5,764)
Payables and other liabilities     6,938 4,461
Net cash provided (used) by operating activities     (15,698) (20,074)
Cash flows from investing activities:        
Capital expended for property and equipment     (35) (50)
Exercise of preemptive right to purchase Charter shares     (14,910)  
Net cash provided (used) by investing activities     (14,945) (50)
Cash flows from financing activities:        
Taxes paid in lieu of shares issued for stock-based compensation     (1,945)  
Other financing activities, net     26 4,155
Net cash provided (used) by financing activities     (1,919) 4,155
Net increase (decrease) in cash     (32,562) (15,969)
Cash, cash equivalents and restricted cash, beginning of period     49,724 83,103
Cash, cash equivalents and restricted cash, end of period $ 17,162 $ 67,134 $ 17,162 $ 67,134