7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2016-09-30 2016-06-30 2016-03-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 2013-06-30 2013-03-31 2012-09-30 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-09-30 2010-06-30 2010-03-31 2009-09-30 2009-06-30 2009-03-31 2008-09-30 2008-06-30 2008-03-31 2007-09-30 2007-06-30 2007-03-31 2006-09-30 2006-06-30 2006-03-31 2004-09-30 2004-06-30 2004-03-31 2003-09-30 2003-06-30 2003-03-31 
      
    		                                                                        
      cash flows from operating activities
    		                                                                        
      net income
    		-20,690,000 32,000,000 20,000,000 5,000,000 -79,000,000 18,000,000 24,000,000 15,000,000 23,000,000 6,000,000 14,000,000 -27,000,000 -12,000,000 22,000,000 52,000,000 28,000,000 35,000,000 35,000,000 62,000,000 86,000,000 69,000,000 72,000,000 1,305,937,000 25,000,000 32,000,000 58,000,000 1,275,597,000 36,000,000 52,000,000 55,000,000 -299,000,000 12,000,000 28,000,000 17,000,000 28,000,000 9,000,000 65,021,000 19,910,000 164,990,000 -23,771,000 -19,451,000 18,404,000 -9,601,000 143,675,000 10,710,000 42,140,000 59,248,000 69,012,000 71,608,000 79,881,000 39,380,000 43,278,000 45,109,000 53,951,000 41,244,000 89,327,000 90,600,000 89,949,000 72,602,000 70,557,000 63,555,000 147,571,000 74,401,000 36,807,000 51,086,000 37,492,000 21,309,000 37,984,000 9,232,000 41,739,000 29,114,000 -14,643,000 
      net income from discontinued operations
    		                                                                        
      net income from continuing operations
    		                                                                        
      add (deduct) adjustments to reconcile net income to net cash flows from operating activities
    		                                                                        
      depreciation, amortization and accretion
    		-289,140,000 162,000,000 163,000,000 166,000,000 170,000,000 164,000,000 165,000,000 166,000,000 160,000,000 160,000,000 170,000,000 180,000,000 178,000,000 171,000,000 171,000,000 168,000,000 160,000,000 180,000,000 170,000,000 162,000,000 177,000,000 177,000,000  179,000,000 176,000,000 169,000,000                            143,233,000  138,614,000 137,651,000 145,434,000 145,258,000 142,530,000 149,776,000 148,856,000 149,257,000 147,707,000 140,018,000 141,726,000 127,408,000 122,249,000 113,894,000    
      bad debts expense
    		-41,345,000 23,000,000 20,000,000 32,000,000 19,000,000 17,000,000 29,000,000 32,000,000 22,000,000 24,000,000 26,000,000 39,000,000 42,000,000 26,000,000 25,000,000 22,000,000 13,000,000 14,000,000 7,000,000 7,000,000 12,000,000 33,000,000  29,000,000 24,000,000 24,000,000                            19,193,000  20,324,000 18,704,000 20,327,000 14,464,000 17,962,000 22,669,000 12,783,000 11,087,000 20,698,000 15,695,000 7,394,000       
      stock-based compensation expense
    		-27,440,000 12,000,000 17,000,000 18,000,000 12,000,000 12,000,000 13,000,000 9,000,000 8,000,000   6,000,000 4,000,000 7,000,000 7,000,000 7,000,000 8,000,000 6,000,000 6,000,000 8,000,000 10,000,000 7,000,000  7,000,000 16,000,000 9,000,000                            3,830,000  5,010,000 2,964,000 4,812,000 4,708,000 1,773,000 3,206,000 5,155,000 3,022,000 7,198,000         
      deferred income taxes
    		-72,087,000 -1,000,000 -8,000,000 8,000,000 -46,000,000 7,000,000 4,000,000 6,000,000 16,000,000 18,000,000 7,000,000 2,000,000 0 9,000,000 22,000,000 -6,000,000 12,000,000 12,000,000 23,000,000 52,000,000 54,000,000 52,000,000  -61,000,000 10,000,000 17,000,000                              17,931,000 1,673,000 17,255,000 11,305,000 15,926,000  4,633,000 369,000    12,972,000      
      equity in earnings of unconsolidated entities
    		-69,453,000 -42,000,000 -36,000,000 -38,000,000 -43,000,000 -38,000,000 -42,000,000 -37,000,000 -39,000,000 -38,000,000 -44,000,000 -36,000,000 -40,000,000 -37,000,000 -45,000,000 -42,000,000 -49,000,000 -46,000,000 -42,000,000 -48,000,000 -44,000,000 -45,000,000  -44,000,000 -40,000,000 -44,000,000                                               
      distributions from unconsolidated entities
    		61,732,000 77,000,000 11,000,000 63,000,000 26,000,000 58,000,000 22,000,000 53,000,000 19,000,000 58,000,000 20,000,000 45,000,000 20,000,000 61,000,000 19,000,000 70,000,000 27,000,000 57,000,000 22,000,000 28,000,000 66,000,000 24,000,000  23,000,000 58,000,000 18,000,000                            7,238,000  7,089,000 5,908,000 5,290,000 38,636,000 6,933,000 4,426,000 40,943,000 2,226,000 2,198,000 31,629,000 5,547,000 16,109,000 3,680,000 3,541,000 3,664,000 3,949,000 13,615,000 
      loss on impairment of licenses
    		   0        0 0                                                            
      (gain) loss on asset disposals
    		-3,380,000 2,000,000 2,000,000 4,000,000 3,000,000 5,000,000 6,000,000 3,000,000 1,000,000 3,000,000 10,000,000 10,000,000 1,000,000 6,000,000 2,000,000 8,000,000 8,000,000 2,000,000 5,000,000 6,000,000 4,000,000 4,000,000  6,000,000 5,000,000 2,000,000                                               
      (gain) loss on license sales and exchanges
    		-1,123,000 -4,000,000 -1,000,000 -1,000,000 -3,000,000 8,000,000 -1,000,000                  0 -2,000,000                                               
      other operating activities
    		-2,662,000 2,000,000 1,000,000 2,000,000 0 2,000,000 1,000,000 2,000,000 1,000,000 1,000,000 2,000,000 3,000,000 3,000,000 2,000,000 1,000,000 2,000,000 12,000,000 20,000,000 -1,000,000     1,000,000                              274,000                   
      changes in assets and liabilities from operations
    		                                                                        
      accounts receivable
    		15,843,000 -22,000,000 1,000,000 -41,000,000 31,000,000 -17,000,000 16,000,000 -13,000,000 -5,000,000 -2,000,000 37,000,000 -5,000,000 -37,000,000 -32,000,000 15,000,000 -46,000,000 -4,000,000 19,000,000 4,000,000 8,000,000 -32,000,000 55,000,000 49,150,000 -38,000,000 -28,000,000 31,000,000 -38,867,000                           1,313,000                   
      accounts payable
    		26,231,000 13,000,000 -17,000,000 -31,000,000   -15,000,000 -46,000,000 67,000,000 43,000,000 -149,000,000 19,000,000 1,000,000 54,000,000 -62,000,000 -24,000,000 39,000,000 14,000,000 -86,000,000 22,000,000 -42,000,000 97,000,000  3,000,000 -63,000,000 56,000,000                                               
      customer deposits and deferred revenues
    		-15,880,000 -5,000,000 -8,000,000 13,000,000 -10,000,000 1,000,000 5,000,000 7,000,000 -7,000,000 1,000,000 -10,000,000 20,000,000 21,000,000 -3,000,000 9,000,000 30,000,000 8,000,000 -5,000,000 7,000,000 -13,000,000 0 -10,000,000  -9,000,000 1,000,000 7,000,000                            403,000                   
      accrued taxes
    		-21,713,000 -19,000,000 29,000,000 -50,000,000 26,000,000 -3,000,000 23,000,000  11,000,000 0 1,000,000 -13,000,000 -1,000,000 5,000,000 130,000,000 -5,000,000 -13,000,000 -26,000,000 3,000,000 -35,000,000 -18,000,000 -49,000,000  78,000,000 -8,000,000 11,000,000                            29,860,000  25,260,000 39,591,000                
      accrued interest
    		  9,000,000  9,000,000 -10,000,000 9,000,000  8,000,000 -10,000,000 9,000,000  9,000,000 -9,000,000 10,000,000    9,000,000   9,000,000    9,000,000                            9,221,000  -8,887,000 9,337,000                
      other assets and liabilities
    		-54,627,000 47,000,000 -82,000,000 46,000,000 -6,000,000 38,000,000 -82,000,000  -3,000,000 20,000,000 -52,000,000 32,000,000 30,000,000 35,000,000 -40,000,000 40,000,000 6,000,000 24,000,000 -53,000,000 -16,000,000 37,000,000 -57,000,000  24,000,000 4,000,000 -52,000,000                                               
      net cash from operating activities - continuing operations
    		                                                                        
      net cash from operating activities - discontinued operations
    		                                                                        
      net cash from operating activities
    		-82,102,000 325,000,000 160,000,000 122,000,000 245,000,000 313,000,000 203,000,000 147,000,000 329,000,000 349,000,000 41,000,000 180,000,000 74,000,000 267,000,000 311,000,000 135,000,000 304,000,000 239,000,000 124,000,000 258,000,000 350,000,000 342,000,000 421,595,000 211,000,000 189,000,000 287,000,000 644,720,000                                              
      capex
    		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0                                              
      free cash flows
    		-82,102,000 325,000,000 160,000,000 122,000,000 245,000,000 313,000,000 203,000,000 147,000,000 329,000,000 349,000,000 41,000,000 180,000,000 74,000,000 267,000,000 311,000,000 135,000,000 304,000,000 239,000,000 124,000,000 258,000,000 350,000,000 342,000,000 421,595,000 211,000,000 189,000,000 287,000,000 644,720,000                                              
      cash flows from investing activities
    		                                                                        
      cash paid for additions to property, plant and equipment
    		128,403,000 -75,000,000 -72,000,000 -138,000,000 -129,000,000 -137,000,000 -133,000,000 -154,000,000 -103,000,000 -155,000,000 -196,000,000 -193,000,000 -121,000,000 -138,000,000 -150,000,000 -268,000,000 -175,000,000 -148,000,000 -133,000,000 -219,000,000 -156,000,000 -315,000,000  -157,000,000 -175,000,000 -107,000,000  -104,000,000 -97,000,000 -76,000,000 -97,000,000 -67,000,000 -88,000,000 -103,000,000 -74,000,000 -103,000,000                                     
      cash paid for licenses
    		-175,000 -2,000,000 -2,000,000 -3,000,000 -2,000,000 -4,000,000 -11,000,000 -106,000,000 -16,000,000 -3,000,000 -5,000,000 -10,000,000 -12,000,000 -2,000,000 -561,000,000 -39,000,000 -4,000,000 -3,000,000 -1,256,000,000 -25,000,000 -118,000,000 -26,000,000  -2,000,000 -254,000,000 -1,000,000     0                                          
      cash received from divestitures
    		                                       17,896,000 22,863,000 103,042,000 4,300,000   146,000 0 49,786,000       0   0 0 6,838,000 0 3,998,000 279,000          
      other investing activities
    		301,000   0 0   3,000,000 0 5,000,000 9,000,000     2,000,000 0   4,000,000    0 0 -1,000,000  0         -135,000 -26,000 1,151,000 -32,000 252,000 584,000 -3,410,000 339,000 3,654,000 -1,933,000 -3,393,000 296,000  491,000 2,200,000 -233,000 533,000 356,000 250,000 867,000 240,000   239,000   662,000    350,000 -360,000 -651,000 436,000 1,217,000 -2,744,000 
      net cash from investing activities - continuing operations
    		                                                                        
      net cash from investing activities - discontinued operations
    		                                                                        
      net cash from investing activities
    		2,596,367,000 -76,000,000 -74,000,000 -141,000,000 -131,000,000 -140,000,000 -144,000,000 -257,000,000 -119,000,000 -153,000,000 -192,000,000 -203,000,000 -125,000,000 -141,000,000 -710,000,000 -304,000,000 -198,000,000 -146,000,000 -1,388,000,000 -224,000,000 -289,000,000 -342,000,000 908,010,000 -141,000,000 -294,000,000 -212,000,000 213,158,000                                              
      cash flows from financing activities
    		                                                                        
      issuance of long-term debt
    		   0 0 0 40,000,000 200,000,000 0 0 115,000,000 75,000,000 100,000,000 0 625,000,000 125,000,000 225,000,000 500,000,000 492,000,000 500,000,000                             0                  0      
      repayment of long-term debt
    		-863,250,000 -7,000,000 -5,000,000 -45,000,000 -5,000,000 -143,000,000 -55,000,000 -58,000,000 -239,000,000 -153,000,000 -3,000,000 -2,000,000 -100,000,000 -101,000,000 -126,000,000 -1,000,000 -342,000,000   -2,000,000 -2,000,000 -2,000,000  -4,000,000 -5,000,000 -5,000,000  -4,000,000            -10,000 -5,000 -23,000 -322,000 -10,000 -61,000 -298,000                           
      tax withholdings, net of cash receipts, for stock-based compensation awards
    		-27,506,000                                                                        
      repurchase of common shares
    		-360,000 0 -21,000,000 -28,000,000        -15,000,000 -10,000,000 -8,000,000 -10,000,000 -10,000,000 -19,000,000 0 -2,000,000 0 -2,000,000 -21,000,000                                                   
      dividends paid to array shareholders
    		                                                                        
      payment of debt issuance costs
    		           0 0 0 -1,000,000 -2,000,000 -4,000,000 -15,000,000 -1,000,000 -16,000,000                 0 -62,000 -3,018,000                                  
      distributions to noncontrolling interests
    		-24,811,000 0 -2,000,000 -1,000,000 -1,000,000 -1,000,000 -2,000,000 -1,000,000 0 -1,000,000 -1,000,000 0 -1,000,000 -1,000,000 -1,000,000 -1,000,000 0 -1,000,000 -1,000,000 -1,000,000 0 -1,000,000  -1,000,000 -1,000,000 -1,000,000           -225,000 -5,647,000 -225,000 43,000 -136,000 -346,000 -155,000 -896,000 -2,396,000 -848,000 -425,000 -218,000  -691,000 -186,000 -1,514,000                     
      other financing activities
    		-5,930,000   -1,000,000 1,000,000 -1,000,000 -2,000,000  -1,000,000 0 -1,000,000 6,000,000 -4,000,000 0 -3,000,000 -6,000,000 3,000,000 -5,000,000 -2,000,000     -1,000,000          -1,000,000   6,000 384,000 -2,130,000 -440,000   -895,000 54,000 2,000 -284,000 577,000 -9,000 6,000 146,000 17,000 -9,010,000           1,114,000 7,000 0 342,000 2,635,000 1,317,000 267,000 1,799,000 2,258,000 170,000 
      net cash from financing activities - continuing operations
    		                                                                        
      net cash from financing activities - discontinued operations
    		                                                                        
      net cash from financing activities
    		-2,589,781,000 -49,000,000 -44,000,000 -110,000,000 -41,000,000 -168,000,000 -28,000,000 104,000,000 -249,000,000 -172,000,000 43,000,000 42,000,000 -15,000,000 -115,000,000 544,000,000 105,000,000 -140,000,000 -308,000,000 485,000,000 478,000,000 108,000,000 -24,000,000 -1,321,605,000 -27,000,000 -15,000,000 -6,000,000 -1,237,878,000                                              
      net increase in cash, cash equivalents and restricted cash
    		-75,516,000 200,000,000 42,000,000 -129,000,000 73,000,000 5,000,000 31,000,000 -6,000,000 -39,000,000 24,000,000 -108,000,000 19,000,000 -66,000,000 11,000,000 145,000,000 -64,000,000 -34,000,000   512,000,000 169,000,000 -24,000,000  43,000,000 -120,000,000 69,000,000  135,000,000 87,000,000 158,000,000                                           
      cash, cash equivalents and restricted cash
    		                                                                        
      beginning of period
    		142,000 0 159,000,000 0 0 0 179,000,000 0 0 0 308,000,000 0 0 0 199,000,000 0 0 0 1,291,000,000 0 0 291,000,000  0 0 583,000,000  0 0 352,000,000 0 0 586,000,000 0 0 715,000,000 0 0 211,513,000 0 0 342,065,000 0 0 378,358,000 0 0 424,155,000 0 0 294,426,000 0 0 294,411,000 0 0 170,996,000 0 0 204,533,000 0 0 32,912,000 0 0 29,003,000 0 0 9,848,000 0 0 14,864,000 
      end of period
    		-75,374,000 200,000,000 201,000,000 -129,000,000 73,000,000 5,000,000 210,000,000 -6,000,000 -39,000,000 24,000,000 200,000,000 19,000,000 -66,000,000 11,000,000 344,000,000 -64,000,000 -34,000,000 -215,000,000 512,000,000 512,000,000 169,000,000 267,000,000  43,000,000 -120,000,000 652,000,000  135,000,000 87,000,000 510,000,000 26,000,000 -100,000,000 572,000,000 53,000,000 -151,000,000 772,000,000 234,484,000 25,389,000 336,893,000 -130,260,000 5,517,000 398,541,000 -284,320,000 47,725,000 419,696,000 -28,045,000 -73,454,000 511,078,000 76,327,000 7,331,000 421,294,000 36,439,000 -56,805,000 289,658,000 128,974,000 84,123,000 191,797,000 76,453,000 -115,320,000 216,475,000 35,938,000 -43,774,000 189,856,000 16,941,000 4,924,000 17,045,000 -315,766,000 311,448,000 35,035,000 -3,744,000 7,801,000 17,888,000 
      equipment installment plans receivable
    		 6,000,000 38,000,000 -49,000,000 7,000,000 3,000,000 2,000,000 -40,000,000 13,000,000 6,000,000 1,000,000 -68,000,000 -106,000,000   -72,000,000 -12,000,000 -14,000,000 -18,000,000 -9,000,000 -1,000,000 23,000,000  -31,000,000 -1,000,000 -10,000,000                                               
      inventory
    		 51,000,000 1,000,000 -17,000,000 -19,000,000 33,000,000 24,000,000 -24,000,000 34,000,000 53,000,000 -1,000,000 -17,000,000 -38,000,000 -29,000,000 -4,000,000 -37,000,000 47,000,000 -44,000,000 7,000,000 -12,000,000 67,000,000 -50,000,000  7,000,000 11,000,000 -15,000,000                               7,204,000                
      cash paid for software license agreements
    		 -11,000,000 -9,000,000 -35,000,000 -11,000,000 -11,000,000 -9,000,000 -38,000,000 -9,000,000 -12,000,000 -7,000,000                                                              
      tax payments, net of cash receipts, for stock-based compensation awards
    		  -7,000,000                                                                      
      (gain) loss on sale of business and other exit costs
    		           0   -1,000,000 -1,000,000 0 0 -1,000,000     1,000,000 0 -2,000,000                                               
      issuance of short-term debt
    		           0 50,000,000 0 60,000,000                                                          
      repayment of short-term debt
    		       0 0 0 -60,000,000 0                                                             
      common shares reissued for stock-based compensation awards, net of tax payments
    		                                                                        
      tax payments for stock-based compensation awards
    		    1,000,000                                                                    
      advance payments for license acquisitions
    		               0          -135,000,000                                               
      common shares reissued for benefit plans, net of tax payments
    		       0 0   0 0   0 -3,000,000 -12,000,000 -1,000,000 -4,000,000    0      2,000,000   3,000,000 1,000,000 2,000,000 1,000,000 702,000 -2,057,000 487,000 320,000 514,000 316,000 5,046,000 -2,329,000 123,000 166,000 -2,822,000 357,000 491,000 -41,000 1,305,000 594,000 -342,000 486,000   356,000                
      (gain) loss on investments
    		                                                                        
      cash received from divestitures and exchanges
    		           0 7,000,000 0 1,000,000 1,000,000 1,000,000 0 1,000,000 0    0 1,000,000 31,000,000  2,000,000 17,000,000 4,000,000 2,000,000 1,000,000 16,000,000 3,000,000 15,000,000 2,000,000 32,779,000 7,462,000 274,111,000                                  
      payments to acquire additional interest in subsidiaries
    		                                                                        
      cash received from investments
    		               0 0   0    18,000,000 9,000,000 2,000,000                                               
      cash paid for investments
    		                   0 0 -1,000,000  0 -10,000,000 -1,000,000                    0 -35,000,000 -10,000,000    -15,250,000                     
      net decrease in cash, cash equivalents and restricted cash
    		                  -779,000,000                                                      
      cash flows from operating activities:
    		                                                                        
      adjustments to reconcile net income to net cash from operating activities:
    		                                                                        
      depreciation
    		                                                                        
      imputed interest on financing obligation
    		                                                                        
      benefit from uncollectible accounts
    		                                                                        
      changes in operating assets and liabilities:
    		                                                                        
      prepaid expenses and other
    		                                                                        
      accounts payable and accrued liabilities
    		                                                                        
      contract liabilities and other
    		                                                                        
      other net changes
    		                                                                        
      cash flows from investing activities:
    		                                                                        
      capital expenditures
    		                                                                        
      fixed asset transfers out
    		                                                                        
      collections on deferred purchase price and purchased receivables
    		                                                                        
      collections on beneficial interest - net
    		                                                                        
      change in due from affiliate
    		                                                                        
      cash flows from financing activities:
    		                                                                        
      repayments of financing obligation
    		                                                                        
      distributions
    		                                                                        
      change in cash
    		                                                                        
      cash - beginning of year
    		                                                                        
      cash - end of year
    		                                                                        
      noncash transactions from operating activities:
    		                                                                        
      accruals for capital expenditures
    		                                                                        
      1.
    		                                                                        
      noncash interest
    		                         1,000,000                                               
      deferred rent
    		                                                                        
      other liabilities
    		                                                                        
      acquisition of wireless licenses
    		                                                                        
      collection on beneficial interest - net
    		                                                                        
      change in due to affiliate
    		                                                                        
      cash paid for interest
    		                                                                        
      noncash transactions from investing activities:
    		                                                                        
      loss on impairment of goodwill
    		                                                                        
      cash received for investments
    		                           0 0 50,000,000          0 0 10,000,000    5,000,000 35,000,000 10,000,000 10,250,000 40,000,000 35,000,000                      
      add (deduct) adjustments to reconcile net income to net cash flows
    		                                                                        
      the accompanying notes are an integral part of these consolidated financial statements.
    		                                                                        
      federal communications commission deposit
    		                                 0                                       
      common shares repurchased
    		                                    -1,768,000 0 -2,302,000 -6,400,000 -6,298,000 -2,000,000 -119,000 0 -18,425,000     -44,951,000 -17,357,000 -19,097,000                     
      net decrease in cash and cash equivalents
    		                              26,000,000                                          
      cash and cash equivalents
    		                                                                        
      net increase in cash and cash equivalents
    		                                -14,000,000 53,000,000 -151,000,000 57,000,000 234,484,000 25,389,000 125,380,000  5,517,000 56,476,000  47,725,000 41,338,000 -28,045,000 -73,454,000 86,923,000 76,327,000 7,331,000 126,868,000 36,439,000   128,974,000 84,123,000 20,801,000   11,942,000   156,944,000    -315,766,000 311,448,000 25,187,000 -3,744,000 7,801,000 3,024,000 
      cash paid for acquisitions and licenses
    		                                 0   -6,000,000 0 -279,656,000 -20,733,000 -8,110,000 -9,135,000  0 -14,150,000 -45,310,000 -1,551,000 -11,096,000    0                     
      acquisition of assets in common control transaction
    		                                                                        
      add (deduct) adjustments to reconcile net income to cash flows
    		                                                                        
      cash from additions to property, plant and equipment
    		                                    -147,361,000 -143,156,000 -116,079,000 -162,377,000 -152,899,000 -109,498,000 -199,023,000 -172,133,000 -151,024,000 -181,206,000 -221,065,000 -209,160,000                         
      acquisition of towers in common control transaction
    		                                     0 -2,437,000                                  
      add (deduct) adjustments to reconcile net income to cash flows from operating activities
    		                                                                        
      acquisition of licenses in common control transaction
    		                                                                        
      dividends paid
    		                                          0                              
      cash classified as held for sale
    		                                                                        
      (gain) loss on asset disposals and exchanges
    		                                                                        
      gain on investment
    		                                                                        
      noncash interest expense
    		                                                          443,000 443,000 443,000 445,000 445,000 445,000 445,000 445,000       
      accounts payable - trade
    		                                                                        
      accounts payable - affiliate
    		                                                                        
      additions to property, plant and equipment
    		                                                 -162,107,000 -95,933,000 -124,688,000               -124,954,000 -160,627,000 -99,579,000 -126,327,000 -155,624,000 -138,837,000 
      add (deduct) adjustments to reconcile net income
    		                                                                        
      loss on asset disposals
    		                                                     5,176,000  2,086,000 2,191,000 6,884,000 6,219,000 3,673,000             
      proceeds from disposition of investments
    		                                                                        
      issuance of notes payable
    		                                                         0   0 0 25,000,000 195,000,000 140,000,000 55,000,000 85,000,000      
      repayment of notes payable
    		                                                                  -30,000,000 -125,000,000 -145,000,000 -175,000,000   
      excess tax benefit from stock awards
    		                                                      0 1,000 3,000 122,000 132,000 764,000             
      other noncash expense
    		                                                        443,000          6,839,000 3,494,000 4,766,000 1,870,000 4,208,000 2,813,000 
      minority share of income
    		                                                         5,255,000 5,346,000 4,012,000 3,961,000 2,637,000 4,074,000 4,710,000 2,783,000 3,645,000 1,951,000 2,782,000 2,112,000 4,633,000 1,659,000 3,257,000 
      unrealized fair value adjustment of derivative instruments
    		                                                                        
      gain on disposition of investments
    		                                                                        
      change in accounts receivable
    		                                                              14,019,000    -18,489,000 -28,268,000 11,796,000 -4,087,000 -22,298,000 57,527,000 
      change in inventory
    		                                                              16,106,000 5,314,000 3,141,000 7,629,000 -15,203,000 9,277,000 15,120,000 47,916,000 -10,586,000 -22,057,000 
      change in accounts payable - trade
    		                                                         8,545,000               
      change in accounts payable - affiliate
    		                                                         -37,000               
      change in customer deposits and deferred revenues
    		                                                         -872,000 3,891,000 6,515,000 2,807,000 5,967,000 11,639,000 5,262,000 1,036,000 1,515,000 2,107,000 1,788,000 6,730,000 1,052,000 6,224,000 6,783,000 
      change in accrued taxes
    		                                                          -31,478,000 32,949,000 -22,811,000 4,698,000 46,041,000 2,729,000 -24,793,000 31,209,000 -5,257,000 -1,985,000 5,632,000 26,260,000 4,822,000 12,703,000 
      change in accrued interest
    		                                                         9,332,000 -8,882,000 9,337,000   9,382,000 8,477,000 -8,614,000 9,363,000 2,682,000 -1,609,000 2,919,000 -4,655,000 2,828,000 -2,266,000 
      change in other assets and liabilities
    		                                                                  14,027,000 14,208,000 -12,981,000 8,947,000 1,240,000 -10,919,000 
      common shares reissued, net of tax payments
    		                                                                        
      capital distributions to minority partners
    		                                                                        
      gain on sale of investments
    		                                                                        
      proceeds from sale of investments
    		                                                            0            
      cash paid for acquisitions
    		                                                                        
      unrealized fair value adjustment for derivative instruments
    		                                                            0            
      add (deduct) adjustments to reconcile net income to net cash from operating activities:
    		                                                                        
      gain on sale of assets
    		                                                                        
      changes in assets and liabilities from operations:
    		                                                                        
      cash flows (used in) investing activities
    		                                                                        
      proceeds from return of investment
    		                                                                        
      cash flows from/(used in) financing activities
    		                                                                        
      common shares reissued
    		                                                            2,958,000 7,958,000 5,558,000 0 -2,000 3,858,000       
      capital (distributions) to minority partners
    		                                                                  -97,000 -297,000 -438,000 -543,000 -1,390,000 -316,000 
      excess tax benefit from exercise of stock awards
    		                                                            1,695,000            
      change in accounts payable
    		                                                                  24,092,000 -24,187,000 -68,343,000 -24,665,000 -37,630,000 -53,819,000 
      net increase/(decrease) in cash and cash equivalents
    		                                                                        
      add (deduct) adjustments to reconcile net income to net cash from operating activities
    		                                                                        
      fair value adjustment of derivative instruments
    		                                                                        
      gain on investments
    		                                                                        
      return of investment
    		                                                                        
      cash and cash equivalents-
    		                                                                        
      investment income
    		                                                                  -19,265,000 -18,361,000 -14,287,000 -11,301,000 -13,484,000 -12,378,000 
      stock based compensation expense
    		                                                                 5,804,000       
      acquisitions, divestitures and exchanges
    		                                                                        
      to net cash from operating activities
    		                                                                        
      bad debt expense
    		                                                                        
      (gain) on assets held for sale
    		                                                                        
      changes in assets and liabilities
    		                                                                        
      cash received from sale of assets
    		                                                                  0 0 96,932,000    
      acquisitions, excluding cash acquired
    		                                                                  0 0 -40,367,000 -7,000   
      repayment of long-term debt - affiliated
    		                                                                   0 -105,000,000    
      common shares issued for benefit plans
    		                                                                        
      cumulative effect of accounting change
    		                                                                        
      loss on impairment of intangible assets
    		                                                                        
      (gain) loss on assets of operations held for sale
    		                                                                        
      loss on investments
    		                                                                  0   0 0 3,500,000 
      system development costs
    		                                                                  -6,694,000 -1,952,000 -956,000 -8,784,000 -7,452,000 -2,089,000 
      proceeds from exchange transaction
    		                                                                        
      repayment of long-term debt –affiliated
    		                                                                        
      add
    		                                                                        
      (gain) loss on assets held for sale
    		                                                                   -582,000 -143,000    
      repurchase of long-term debt
    		                                                                     0 0 -40,680,000 
      deferred income tax provision
    		                                                                    9,991,000 38,629,000 20,219,000 -1,599,000 
      increase in notes payable
    		                                                                    230,000,000 40,000,000 167,278,000 72,000,000 
      depreciation and amortization
    		                                                                     102,164,000 103,271,000 109,503,000 
      loss on assets held for sale
    		                                                                     -1,442,000 3,500,000 23,500,000 
      refund of deposit from fcc
    		                                                                        
      proceeds from contracts payable
    		                                                                        
      affiliated long-term debt borrowings
    		                                                                        
      (loss) to net cash from operating activities
    		                                                                        
      loss on wireless and other investments
    		                                                                        
      change in assets and liabilities from operations
    		                                                                        
      affiliated long term debt borrowings
    		                                                                        
      borrowings from 1997 revolving credit facility
    		                                                                        
      repayment of 1997 revolving credit facility
    		                                                                        
      repurchase and conversion of lyons
    		                                                                        
      proceeds from common shares issued
    		                                                                        
      net increase in cash
    		                                                                        
      and cash equivalents
    		                                                                        
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.