Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:        
Net earnings (loss)     $ 133,332 $ 25,247
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:        
Depreciation and amortization $ 56 $ 471 1,041 1,408
Stock-based compensation     5,736 7,670
Share of (earnings) losses of affiliates, net (188,586) (61,633) (408,396) (141,882)
(Gain) loss on dilution of investment in affiliate 35,284 11,219 140,610 68,944
Realized and unrealized (gains) losses on financial instruments, net 39,324 433 39,324 433
Deferred income tax expense (benefit)     47,183 8,474
Other, net     1,070 1,016
Changes in operating assets and liabilities:        
Current and other assets     244 (927)
Payables and other liabilities     3,044 2,385
Net cash provided (used) by operating activities     (36,812) (27,232)
Cash flows from investing activities:        
Capital expended for property and equipment     (42) (75)
Exercise of preemptive right to purchase Charter shares     (14,910)  
Net cash provided (used) by investing activities     (14,952) (75)
Cash flows from financing activities:        
Borrowings of debt     700,000 50,000
Repurchases of Liberty Broadband common stock     (285,722)  
Payments from issuances of financial instruments       (46,330)
Payment to former parent under tax sharing agreement related to net settlement of Awards       (16,090)
Taxes paid in lieu of shares issued for stock-based compensation     (2,121)  
Other financing activities, net     (9,849) 3,170
Net cash provided (used) by financing activities     402,308 (9,250)
Net increase (decrease) in cash     350,544 (36,557)
Cash, cash equivalents and restricted cash, beginning of period     49,724 83,103
Cash, cash equivalents and restricted cash, end of period $ 400,268 $ 46,546 $ 400,268 $ 46,546