DigitalGlobe Reports Second Quarter 2016 Results

   

DigitalGlobe, Inc.
Consolidated Statements of Cash Flows

 
For the six months ended
June 30,
(in millions) 2016     2015  
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $ 20.8 $ 3.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense 137.9 136.0
Stock-based compensation expense, net of capitalized stock-based compensation expense 8.3 9.5
Amortization of aerial image library, deferred contract costs and lease incentive 8.4 8.8
Deferred income taxes 14.0 (1.0 )
Excess tax benefit from share-based compensation (0.1 ) (1.3 )
Amortization of debt issuance costs and accretion of debt discount, and other 6.0 3.3
Changes in working capital:
Accounts receivable, net (8.5 ) 29.4
Deferred contract costs (8.0 ) (10.3 )
Other current and non-current assets (2.4 ) 5.2
Accounts payable 3.7 (0.9 )
Accrued liabilities (4.1 ) 10.3
Deferred revenue   (27.4 )   (40.2 )
Net cash flows provided by operating activities   148.6     151.9  
CASH FLOWS FROM INVESTING ACTIVITIES:
Construction in progress additions (85.6 ) (64.5 )
Property and equipment additions (0.2 ) (1.9 )
Decrease/(Increase) in restricted cash 0.5 (0.8 )
Investment in joint venture   (7.5 )   (5.0 )
Net cash flows used in investing activities   (92.8 )   (72.2 )
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of debt and capital lease obligations (3.9 ) (3.2 )
Repurchase of common stock (76.8 ) (63.8 )
Proceeds from exercise of stock options 1.2 5.2
Preferred stock dividend payment (2.0 ) (2.0 )
Excess tax benefit from share-based compensation   0.1     1.3  
Net cash flows used in financing activities   (81.4 )   (62.5 )
Net (decrease) increase in cash and cash equivalents (25.6 ) 17.2
Cash and cash equivalents, beginning of period   126.1     117.8  
Cash and cash equivalents, end of period $ 100.5   $ 135.0  
 
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest, net of capitalized amounts of $21.8 million and $15.9 million, respectively 7.4 13.8
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Changes to non-cash property, equipment and construction in progress accruals, including interest 0.4 0.4
Non-cash preferred stock dividend accrual (1.0 ) (1.0 )
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6  Next Page »
Featured Video
Jobs
Principal Engineer for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
GIS Specialist for Washington State Department of Natural Resources at Olympia, Washington
Mechanical Engineer 2 for Lam Research at Fremont, California
Business Development Manager for Berntsen International, Inc. at Madison, Wisconsin
Upcoming Events
Digital Twins 2024 at the Gaylord National Resort & Convention Center in, MD. National Harbor MD - Dec 9 - 11, 2024
Commercial UAV Expo 2025 at RAI Amsterdam Amsterdam Netherlands - Apr 8 - 11, 2025
Commercial UAV Expo 2025 at Amsterdam Netherlands - Apr 8 - 10, 2025
BI2025 - 13th Annual Building Innovation Conference at Ritz-Carlton Tysons Corner McLean VA - May 19 - 21, 2025



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise