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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income (loss) $ 40,667,000 $ (6,569,000)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 9,289,000 9,741,000
Amortization of debt financing costs 2,267,000 4,465,000
Amortization of content assets 47,126,000 37,394,000
Amortization of launch assets 1,600,000 1,079,000
Bad debt expense 1,584,000 1,394,000
Deferred income taxes 12,514,000 (34,601,000)
Amortization of right of use assets 7,793,000 7,940,000
Non-cash lease liability expense 4,684,000 5,492,000
Non-cash interest expense 158,000 2,191,000
Impairment of long-lived assets 0 84,400,000
Stock-based compensation 565,000 2,294,000
Non-cash fair value adjustment of Employment Agreement Award 6,163,000 2,271,000
Loss on retirement of debt 6,949,000 0
Gain on assets exchange agreement 404,000 0
Effect of change in operating assets and liabilities, net of assets acquired:    
Trade accounts receivable (22,734,000) (1,542,000)
Prepaid expenses and other current assets 6,651,000 (255,000)
Other assets (13,745,000) (9,846,000)
Accounts payable 3,453,000 5,216,000
Accrued interest 17,441,000 (1,077,000)
Accrued compensation and related benefits (1,342,000) 1,399,000
Other liabilities (5,892,000) (5,378,000)
Payments for content assets (45,445,000) (32,141,000)
Net cash flows provided by operating activities 80,150,000 73,867,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (6,286,000) (3,798,000)
Proceeds from Sale of Property, Plant, and Equipment 0 860,000
Proceeds from sale of broadcasting assets 8,000,000 0
Acquisition of broadcasting assets 0 (475,000)
Net cash flows provided by (used in) investing activities 1,714,000 (3,413,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of Class A common stock, net of fees 33,277,000 14,673,000
Proceeds of MGM National Harbor Loan 0 3,600,000
Proceeds from 2028 Notes 825,000,000 0
Proceeds from PPP Loan 7,505,000 0
Debt refinancing costs (11,157,000) (3,470,000)
Repayment of MGM National Harbor Loan (57,889,000) 0
Repayment of 7.375% Notes (2,984,000) 0
Repayment of 8.75% Notes (347,016,000) 0
Proceeds from exercise of stock options 397,000 1,976,000
Payment of dividends to noncontrolling interest members of Reach Media (2,400,000) (2,802,000)
Repurchase of common stock (970,000) (3,612,000)
Net cash flows used in financing activities (3,504,000) (30,142,000)
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 78,360,000 40,312,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 73,858,000 33,546,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 152,218,000 73,858,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for: Interest 45,836,000 68,927,000
Cash paid for: Income taxes, net of refunds 1,142,000 115,000
NON-CASH OPERATING, FINANCING AND INVESTING ACTIVITIES:    
Assets acquired under Audacy asset exchange 28,193,000 0
Liabilities recognized under Audacy asset exchange 2,669,000 0
Adjustment of redeemable noncontrolling interests to estimated redemption value 4,399,000 3,395,000
Right of use asset additions upon adoption of ASC 842 6,392,000 6,660,000
2018 Credit Facility.    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of credit facility (129,935,000) (37,210,000)
2017 Credit Facility.    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of credit facility $ (317,332,000) $ (3,297,000)