XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
4 Months Ended 5 Months Ended 9 Months Ended
Sep. 30, 2018
Jun. 03, 2018
Sep. 30, 2017
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Impairment charges - cost method investment in Next Radio     $ 0
Successor Company      
Cash flows from operating activities:      
Net income (loss) $ 17,693    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 18,521    
Amortization of debt issuance costs/discounts 22    
Provision for doubtful accounts 2,009    
Loss (gain) on sale or disposal of assets or stations 34    
Non-cash reorganization items, net 0    
Impairment charges - cost method investment in Next Radio 3,170    
Loss on early extinguishment of debt 0    
Deferred income taxes 6,823    
Stock-based compensation expense 1,783    
Changes in assets and liabilities:      
Accounts receivable (22,294)    
Trade receivable 756    
Prepaid expenses and other current assets (10,635)    
Other assets 1,763    
Accounts payable and accrued expenses (17,534)    
Trade payable (235)    
Other liabilities 575    
Net cash provided by operating activities 2,451    
Cash flows from investing activities:      
Acquisition (18,000)    
Proceeds from sale of assets or stations 0    
Capital expenditures (7,866)    
Net cash used in investing activities (25,866)    
Cash flows from financing activities:      
Adequate protection payments on term loan 0    
Repayment of borrowings under term loan (3,250)    
Deferred financing costs 0    
Net cash used in financing activities (3,250)    
Decrease in cash and cash equivalents and restricted cash (26,665)    
Cash and cash equivalents and restricted cash at end of period 61,686    
Predecessor Company      
Cash flows from operating activities:      
Net income (loss)   $ 696,156 (449)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization   22,046 47,610
Amortization of debt issuance costs/discounts   0 7,661
Provision for doubtful accounts   5,993 4,770
Loss (gain) on sale or disposal of assets or stations   158 (2,585)
Non-cash reorganization items, net   (523,651) 0
Impairment charges - cost method investment in Next Radio   0  
Loss on early extinguishment of debt   0 1,063
Deferred income taxes   (179,455) 6,463
Stock-based compensation expense   231 1,422
Changes in assets and liabilities:      
Accounts receivable   12,697 (4,815)
Trade receivable   (997) 306
Prepaid expenses and other current assets   (5,831) (23,536)
Other assets   (436) 1,036
Accounts payable and accrued expenses   7,777 285
Trade payable   190 (910)
Other liabilities   (5,746) (4,196)
Net cash provided by operating activities   29,132 34,125
Cash flows from investing activities:      
Acquisition   0 0
Proceeds from sale of assets or stations   0 6,090
Capital expenditures   (14,019) (20,645)
Net cash used in investing activities   (14,019) (14,555)
Cash flows from financing activities:      
Adequate protection payments on term loan   (37,802) (81,652)
Repayment of borrowings under term loan   0 0
Deferred financing costs   (850) (91)
Net cash used in financing activities   (38,652) (81,743)
Decrease in cash and cash equivalents and restricted cash   (23,539) (62,173)
Cash and cash equivalents and restricted cash at beginning of period $ 88,351 111,890 139,284
Cash and cash equivalents and restricted cash at end of period   $ 88,351 $ 77,111