Consolidated Statements of Cash Flows Th accompanying notes to consolidated financial statements are an integral part of these statements. Year Ended December 31, 2003 2002 2001 (as restated) (as restated) (Dollars in thousands) Cash Flows from Operating Activities Net Income (Loss) $ 42,660 $( 26,945) $ 173,876 Add (Deduct) adjustments to reconcile net income (loss)  to net cash provided by operating activities Depreciation, amortization and accretion 432,333 351,154 300,658 Deferred income tax provision 21,069 (11,743) 41,961 Investment income (52,063) (42,068) (41,934) Minority share of income 11,912 13,538 10,146 Loss on extinguishment of debt — — 6,956 Cumulative effect of accounting change 14,346 8,560 — Loss on impairment of intangible assets 49,595 — — Loss on assets held for sale 45,908 — — Loss on marketable equity securities and other investments 5,200 295,454 — Other noncash expense 7,752 11,987 13,378 Changes in assets and liabilities from operations Change in accounts receivable 11,526 (35,383) (26,464) Change in inventory (16,499) 2,639 (7,198) Change in accounts payable (15,620) 68,472 (12,910) Change in accrued taxes 47,180 (37,177) (22,663) Change in customer deposits and deferred revenues 15,983 17,268 (302) Change in other assets and liabilities 373 4,324 4,844 621,655 620,080 440,348 Cash Flows from Investing Activities Additions to property, plant and equipment (616,359) (698,636) (487,813) System development costs (16,167) (32,009) (15,521) Refund of deposit from FCC — 56,060 — Acquisitions, excluding cash acquired (5,125) (452,936) (186,269) Cash received from mergers and exchanges 33,953 — — Distributions from unconsolidated entities 44,833 28,881 14,813 Other investing activities 2,751 (1,001) 2,965 (556,114) (1,099,641) (671,825) Cash Flows from Financing Activities Proceeds from prepaid forward contracts — 159,856 — Sale of long-term notes 432,944 129,800 — Affiliated long-term debt borrowings — 105,000 — Repurchase and conversion of debt — — (31,963) Repurchase of common shares — — (40,862) Increase in notes payable 279,278 542,610 231,500 Repayment of notes payable (739,278) (346,610) (22,500) Common shares reissued 7,231 787 4,103 Capital (distributions) to minority partners (7,632) (7,776) (4,141) Repurchase of long-term debt (40,680) (129,800) — Other financing activities (2,420) 11,617 — (70,557) 465,484 136,137 Net Decrease in Cash and Cash Equivalents (5,016) (14,077) (95,340) Cash and Cash Equivalents – Beginning of year 14,864 28,941 124,281 End of year $ 9,848 $ 14,864 $ 28,941 41