v2.3.0.11
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 140,714 $ 102,576
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 263,219 217,102
Provision for uncollectible accounts receivable 261 58
Deferred rent expense 7,832 10,915
Cost of abandoned cell sites 380 903
Stock-based compensation expense 22,244 23,333
Non-cash interest expense 4,015 6,412
Loss on disposal of assets 1,448 1,872
Loss on extinguishment of debt 9,536 0
Gain on sale of investments (319) (217)
Accretion of asset retirement obligations 2,762 1,285
Other non-cash expense 0 963
Deferred income taxes 81,395 65,700
Changes in assets and liabilities:    
Inventories 21,001 (47,962)
Accounts receivable, net (4,710) 3,692
Prepaid expenses (14,512) (17,243)
Deferred charges (5,157) (5,374)
Other assets 20,081 11,082
Accounts payable and accrued expenses (85,346) (51,936)
Deferred revenue 10,990 9,211
Other liabilities 6,266 5,079
Net cash provided by operating activities 482,100 337,451
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (451,573) (315,337)
Change in prepaid purchases of property and equipment (17,691) (18,551)
Proceeds from sale of property and equipment 603 6,356
Purchase of investments (299,826) (312,225)
Proceeds from maturity of investments 375,000 237,500
Change in restricted cash and investments 0 1,762
Acquisitions of FCC licenses and microwave clearing costs (3,283) (1,976)
Cash used in asset acquisitions (7,495) 0
Net cash used in investing activities (404,265) (402,471)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Change in book overdraft 1,263 (80,337)
Proceeds from debt issuance, net of discount 1,497,500 0
Debt issuance costs (15,351) 0
Repayment of debt (11,598) (8,000)
Retirement of senior secured credit facility debt (535,792) 0
Payments on capital lease obligations (4,474) (1,224)
Purchase of treasury stock (3,591) (852)
Proceeds from exercise of stock options 53,671 2,592
Net cash provided by (used in) financing activities 981,628 (87,821)
INCREASE (DECREASE) CASH AND CASH EQUIVALENTS 1,059,463 (152,841)
CASH AND CASH EQUIVALENTS, beginning of period 796,531 929,381
CASH AND CASH EQUIVALENTS, end of period $ 1,855,994 $ 776,540