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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
4 Months Ended 5 Months Ended 9 Months Ended
May 01, 2019
Sep. 30, 2019
Sep. 30, 2020
Cash flows from operating activities:      
Net income (loss) $ 11,165,113 $ 51,167 $ (1,918,165)
Income from discontinued operations (1,685,123) 0 0
Reconciling items:      
Impairment charges 91,382 0 1,733,235
Depreciation and amortization 52,834 154,651 299,494
Deferred taxes 115,839 25,478 (214,615)
Provision for doubtful accounts 3,268 8,088 23,593
Amortization of deferred financing charges and note discounts, net 512 672 3,000
Non-cash Reorganization items, net (9,619,236) 0 0
Share-based compensation 498 20,151 14,383
(Gain) Loss on disposal of operating and other assets (143) 4,755 704
(Gain) Loss on investments 10,237 (1,735) 8,613
Equity in loss of nonconsolidated affiliates 66 25 653
Barter and trade income (5,947) (7,478) (7,500)
Other reconciling items, net (65) 133 775
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Decrease (increase) in accounts receivable 117,263 (113,848) 224,044
Increase in prepaid expenses and other current assets (24,044) (22,670) (7,228)
Decrease (increase) in other long-term assets (7,098) 2,545 (165)
Increase (decrease) in accounts payable and accrued expenses (156,885) 44,740 (31,343)
Increase (decrease) in accrued interest 256 91,624 (13,959)
Increase in deferred income 13,377 352 1,919
Increase (decrease) in other long-term liabilities (79,609) 4,892 18,723
Cash provided by (used for) operating activities from continuing operations (7,505) 263,542 136,161
Cash used for operating activities from discontinued operations (32,681) 0 0
Net cash provided by (used for) operating activities (40,186) 263,542 136,161
Cash flows from investing activities:      
Business combinations (1,998) 0 (12,656)
Proceeds from sale of other investments 0 765 0
Purchases of property, plant and equipment (36,197) (46,305) (58,523)
Proceeds from disposal of assets 99 5,344 1,742
Change in other, net (682) (3,619) (1,735)
Cash used for investing activities from continuing operations (38,778) (43,815) (71,172)
Cash used for investing activities from discontinued operations (222,366) 0 0
Net cash used for investing activities (261,144) (43,815) (71,172)
Cash flows from financing activities:      
Proceeds from long-term debt and credit facilities 269 750,000 779,750
Payments on long-term debt and credit facilities (8,294) (741,000) (525,362)
Proceeds from Mandatorily Redeemable Preferred Stock 60,000 0 0
Settlement of intercompany related to discontinued operations (159,196) 0 0
Debt issuance costs 0 (11,488) (4,755)
Change in other, net (5) (2,607) (996)
Cash provided by (used for) financing activities from continuing operations (107,226) (5,095) 248,637
Cash provided by financing activities from discontinued operations 51,669 0 0
Net cash provided by (used for) financing activities (55,557) (5,095) 248,637
Effect of exchange rate changes on cash, cash equivalents and restricted cash 562 (304) (115)
Net increase in cash, cash equivalents and restricted cash (356,325) 214,328 313,511
Cash, cash equivalents and restricted cash at beginning of period 430,334 74,009 411,618
Cash, cash equivalents and restricted cash of continuing operations at end of period 74,009 288,337 725,129
SUPPLEMENTAL DISCLOSURES:      
Cash paid for interest 137,042 79,263 270,963
Cash paid for income taxes 22,092 2,755 5,263
Cash paid for Reorganization items, net $ 183,291 $ 18,268 $ 443