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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 147,681 $ 115,652
Accounts receivable, net of allowance for doubtful accounts of $14,635 and $13,358, respectively 524,078 562,943
Spectrum asset   305,764
Prepaid expenses and other current assets 45,329 71,859
Total current assets 717,088 1,056,218
Property and equipment, net 720,464 734,138
Goodwill 2,184,982 2,142,846
FCC licenses 1,767,638 1,767,638
Other intangible assets, net 1,557,277 1,581,626
Other noncurrent assets, net 172,045 199,181
Total assets [1] 7,119,494 7,481,647
Current liabilities:    
Current portion of debt 41,722 92,808
Current portion of broadcast rights payable 5,027 16,659
Accounts payable 66,128 31,136
Accrued expenses 126,352 159,281
Interest payable 40,322 39,563
Liability to surrender spectrum asset   314,087
Other current liabilities 15,019 17,169
Total current liabilities 294,570 670,703
Debt 4,245,924 4,269,652
Deferred tax liabilities 633,016 619,441
Other noncurrent liabilities 303,530 340,541
Total liabilities [1] 5,477,040 5,900,337
Commitments and contingencies (Note 12)
Stockholders' equity:    
Preferred stock - $0.01 par value, 200,000 shares authorized; none issued and outstanding at each of June 30, 2018 and December 31, 2017
Additional paid-in capital 1,337,738 1,342,541
Accumulated other comprehensive income 6,140 6,140
Retained earnings 400,934 299,523
Treasury stock - at cost; 1,769,428 and 1,325,049 shares at June 30, 2018 and December 31, 2017, respectively (111,846) (78,063)
Total Nexstar Media Group, Inc. stockholders' equity 1,633,439 1,570,614
Noncontrolling interests in consolidated variable interest entities 9,015 10,696
Total stockholders' equity 1,642,454 1,581,310
Total liabilities and stockholders' equity 7,119,494 7,481,647
Class A Common Stock [Member]    
Stockholders' equity:    
Class A Common stock 473 473
Total stockholders' equity $ 473 $ 473
[1] The consolidated total assets as of June 30, 2018 and December 31, 2017 include certain assets held by consolidated variable interest entities (“VIEs”) of $378.0 million and $426.9 million, respectively, which are not available to be used to settle the obligations of Nexstar. The consolidated total liabilities as of June 30, 2018 and December 31, 2017 include certain liabilities of consolidated VIEs of $38.1 million and $81.8 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of Nexstar. See Note 2 for additional information.