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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
1 Months Ended 5 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 03, 2018
Jun. 30, 2019
Successor Company      
Cash flows from operating activities:      
Net income $ 4,980   $ 43,312
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 4,379   28,135
Amortization of right of use assets 0   11,931
Amortization of debt issuance costs/discounts 0   136
Provision for doubtful accounts 322   618
(Gain) loss on sale or disposal of assets or stations 0   (47,724)
Non-cash reorganization items, net 0   0
Gain on early extinguishment of debt 0   (381)
Deferred income taxes 2,606   7,725
Stock-based compensation expense 652   2,314
Changes in assets and liabilities:      
Accounts receivable (16,363)   16,704
Trade receivable 26   (1,585)
Prepaid expenses and other current assets (241)   424
Operating leases 0   1,912
Assets held for sale 0   29
Other assets (156)   3,839
Accounts payable and accrued expenses 2,065   (17,836)
Trade payable 13   78
Other liabilities 5   (1,543)
Net cash provided by (used in) operating activities (1,712)   48,954
Cash flows from investing activities:      
Proceeds from sale of assets or stations 0   103,519
Acquisition (18,000)   0
Capital expenditures (1,969)   (10,715)
Net cash provided by (used in) investing activities (19,969)   92,804
Cash flows from financing activities:      
Adequate protection payments on term loan 0   0
Repayment of borrowings under term loan 0   (639,180)
Proceeds from issuance of 6.75% senior notes     500,000
Financing costs 0   (7,675)
Shares returned in lieu of tax payments 0   (1,156)
Repayments of financing lease obligations 0   (819)
Net cash used in financing activities 0   (148,830)
Decrease in cash and cash equivalents and restricted cash (21,681)   (7,072)
Cash and cash equivalents and restricted cash at beginning of period     30,038
Cash and cash equivalents and restricted cash at end of period 66,670   $ 22,966
Predecessor Company      
Cash flows from operating activities:      
Net income   $ 696,156  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization   22,046  
Amortization of right of use assets   0  
Amortization of debt issuance costs/discounts   0  
Provision for doubtful accounts   5,993  
(Gain) loss on sale or disposal of assets or stations   158  
Non-cash reorganization items, net   (523,651)  
Gain on early extinguishment of debt   0  
Deferred income taxes   (179,455)  
Stock-based compensation expense   231  
Changes in assets and liabilities:      
Accounts receivable   12,697  
Trade receivable   (997)  
Prepaid expenses and other current assets   (5,831)  
Operating leases   0  
Assets held for sale   0  
Other assets   (436)  
Accounts payable and accrued expenses   7,777  
Trade payable   190  
Other liabilities   (5,746)  
Net cash provided by (used in) operating activities   29,132  
Cash flows from investing activities:      
Proceeds from sale of assets or stations   0  
Acquisition   0  
Capital expenditures   (14,019)  
Net cash provided by (used in) investing activities   (14,019)  
Cash flows from financing activities:      
Adequate protection payments on term loan   (37,802)  
Repayment of borrowings under term loan   0  
Financing costs   (850)  
Shares returned in lieu of tax payments   0  
Repayments of financing lease obligations   0  
Net cash used in financing activities   (38,652)  
Decrease in cash and cash equivalents and restricted cash   (23,539)  
Cash and cash equivalents and restricted cash at beginning of period $ 88,351 111,890  
Cash and cash equivalents and restricted cash at end of period   $ 88,351