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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 9,845 $ 24,749
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 14,451 24,869
Amortization of debt financing costs 2,893 2,151
Amortization of content assets 34,167 32,315
Amortization of launch assets 772 317
Deferred income taxes 8,874 (10,732)
Non-cash interest expense 1,513 0
Impairment of long-lived assets 3,800 6,556
Stock-based compensation 2,592 3,635
Gain on retirement of debt 0 (985)
Effect of change in operating assets and liabilities, net of assets acquired:    
Trade accounts receivable 7,258 5,297
Prepaid expenses and other current assets (2,567) (101)
Other assets 914 (1,172)
Accounts payable (2,072) (2,394)
Accrued interest 7,729 164
Accrued compensation and related benefits (6,538) 1,171
Other liabilities 4,057 (5,254)
Payments for content assets (36,640) (36,416)
Net cash flows provided by operating activities 51,048 44,170
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (3,947) (3,719)
Proceeds from sale of radio station 13,500 12,791
Acquisition of station and broadcasting assets 0 (4,763)
Net cash flows provided by investing activities 9,553 4,309
CASH FLOWS FROM FINANCING ACTIVITIES:    
Distribution of contingent consideration (658) (752)
Repayment of Comcast Note (11,872) 0
Proceeds of Asset-backed credit facility, net 0 0
Proceeds from exercise of stock options 29 85
Repayment of 2020 Notes (2,037) (28,892)
Payment of dividends to noncontrolling interest members of Reach Media (1,000) (801)
Repayment of share-based equity awards 0 (1,077)
Repurchase of common stock (5,323) (6,130)
Net cash flows used in financing activities (44,588) (40,192)
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 16,013 8,287
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 15,890 37,811
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 31,903 46,098
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for: Interest 49,512 55,108
Cash paid for: Income taxes, net of refunds 458 1,289
NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Issuance of common stock 1,609 0
Purchases of property and equipment 0 329
2018 Credit Facility [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of credit facility (21,254) 0
2017 Credit Facility [Member]    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of credit facility $ (2,473) $ (2,625)