v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (52,042) $ (65,307)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 76,038 70,891
Amortization of debt costs and discounts 1,192 342
Amortization of discounts, due from T-Mobile, IP Transit Services & Purchase Agreements (5,111) (6,850)
Equity-based compensation expense (net of amounts capitalized) 8,013 6,950
Reduction to gain on bargain purchase - Sprint Business   5,470
Deferred income taxes (18,554) (33,069)
Changes in operating assets and liabilities:    
Accounts receivable 8,979 28,306
Prepaid expenses and other current assets 2,261 890
Due to T-Mobile - Transition Services Agreement (307) (61,092)
Due from T-Mobile - Transition Services Agreement 62 (3,052)
Accounts payable, accrued liabilities and other long-term liabilities 18,148 79,098
Deposits and other assets (2,328) (3,358)
Net cash provided by operating activities 36,351 19,219
Cash flows from investing activities:    
Cash receipts - IP Transit Services Agreement - T-Mobile 25,000 87,500
Acquisition of Sprint Business - severance reimbursement   4,334
Purchases of property and equipment (58,088) (40,883)
Net cash (used in) provided by investing activities (33,088) 50,951
Cash flows from financing activities:    
Dividends paid (49,133) (478)
Proceeds from exercises of stock options 121 164
Principal payments of finance lease obligations (8,003) (23,235)
Net cash used in financing activities (57,015) (23,549)
Effect of exchange rates changes on cash 9,806 2,872
Net (decrease) increase in cash, cash equivalents and restricted cash (43,946) 49,493
Cash, cash equivalents and restricted cash, beginning of period 227,916 113,781
Cash, cash equivalents and restricted cash, end of period 183,970 163,274
Supplemental disclosure of non-cash financing activities:    
Finance lease obligations incurred $ 38,961 $ 54,423