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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
5 Months Ended 7 Months Ended 12 Months Ended
Jun. 03, 2018
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Successor Company        
Cash flows from operating activities:        
Net income (loss)   $ 61,425    
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation and amortization   34,060    
Amortization of debt issuance costs/discounts   71    
Provision for doubtful accounts   5,313    
Loss (gain) on sale of assets or stations   103    
Non-cash reorganization items, net   0    
Impairment of intangible assets and goodwill   0    
Impairment charges -- equity interest in Next Radio and Pulser Media   3,170    
Deferred income taxes   (27,411)    
Stock-based compensation expense   3,404    
(Gain) loss on early extinguishment of debt   (201)    
Other   153    
Changes in assets and liabilities (excluding acquisitions and dispositions):        
Accounts receivable   (39,699)    
Trade receivable   1,831    
Prepaid expenses and other current assets   (4,700)    
Other assets   3,981    
Accounts payable and accrued expenses   (10,077)    
Trade payable   (676)    
Other liabilities   1,651    
Net cash provided by operating activities   32,398    
Cash flows from investing activities:        
Proceeds from sale of assets or stations   586    
Acquisition   (18,000)    
Capital expenditures   (15,684)    
Net cash (used in) provided by investing activities   (33,098)    
Cash flows from financing activities:        
Repayment of borrowings under term loan and revolving credit facilities   (56,500)    
Adequate protection payments on term loan   0    
Proceeds from exercise of warrants   0    
Financing costs   (1,113)    
Net cash used in financing activities   (57,613)    
(Decrease) increase in cash and cash equivalents   (58,313)    
Cash, cash equivalents and restricted cash at beginning of period   88,351    
Cash, cash equivalents and restricted cash at end of period $ 88,351 30,038    
Predecessor Company        
Cash flows from operating activities:        
Net income (loss) 696,156   $ (206,565) $ (510,720)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Depreciation and amortization 22,046   62,239 87,267
Amortization of debt issuance costs/discounts 0   9,394 9,961
Provision for doubtful accounts 5,993   5,807 1,103
Loss (gain) on sale of assets or stations 158   (2,499) (95,695)
Non-cash reorganization items, net (523,651)   25,921 0
Impairment of intangible assets and goodwill 0   335,909 604,965
Impairment charges -- equity interest in Next Radio and Pulser Media 0   0 0
Deferred income taxes (179,455)   (168,226) (27,831)
Stock-based compensation expense 231   1,614 2,948
(Gain) loss on early extinguishment of debt 0   1,063 (8,017)
Other 0   0 0
Changes in assets and liabilities (excluding acquisitions and dispositions):        
Accounts receivable 12,697   (9,469) 10,740
Trade receivable (997)   761 (839)
Prepaid expenses and other current assets (5,831)   (7,655) (7,017)
Other assets (436)   (1,451) (1,106)
Accounts payable and accrued expenses 7,777   46,587 (16,816)
Trade payable 190   (1,486) 176
Other liabilities (5,746)   (5,348) (13,374)
Net cash provided by operating activities 29,132   86,596 35,745
Cash flows from investing activities:        
Proceeds from sale of assets or stations 0   6,090 106,935
Acquisition 0   0 0
Capital expenditures (14,019)   (31,932) (23,037)
Net cash (used in) provided by investing activities (14,019)   (25,842) 83,898
Cash flows from financing activities:        
Repayment of borrowings under term loan and revolving credit facilities 0   (81,652) (20,000)
Adequate protection payments on term loan (37,802)   (6,405) 0
Proceeds from exercise of warrants 0   0 3
Financing costs (850)   (91) 0
Net cash used in financing activities (38,652)   (88,148) (19,997)
(Decrease) increase in cash and cash equivalents (23,539)   (27,394) 99,646
Cash, cash equivalents and restricted cash at beginning of period 111,890 $ 88,351 139,284 39,638
Cash, cash equivalents and restricted cash at end of period $ 88,351   $ 111,890 $ 139,284