XML 21 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income including noncontrolling interests $ 463,967 $ 489,637 $ 289,963
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 91,281 94,638 84,778
Impairment and related charges 4,486 17,112 67,805
Share-based compensation expense related to equity classified awards 60,979 53,545 38,897
Non-cash restructuring charges 7,440 0 0
Amortization and write-off of program rights 961,134 954,238 862,302
Amortization of deferred carriage fees 17,342 17,605 16,990
Unrealized foreign currency transaction (gain) loss 2,057 (15,258) 37,770
Unrealized (gain) loss on derivative contracts, net (43,476) (27,233) (1,920)
Amortization and write-off of deferred financing costs and discounts on indebtedness 7,715 8,436 9,341
Loss on extinguishment of debt 0 3,004 50,639
Bad debt expense 7,399 3,567 1,924
Deferred income taxes 33,367 (48,665) 11,642
Excess tax benefits from share-based compensation arrangements 0 0 (789)
Other, net 5,311 (11,014) (6,383)
Changes in assets and liabilities:      
Accounts receivable, trade (including amounts due from related parties, net) (52,106) (74,561) (26,496)
Prepaid expenses and other assets (2,789) (59,979) (4,981)
Program rights and obligations, net (978,763) (996,816) (973,193)
Income taxes payable (17,006) (21,966) 43,153
Deferred revenue (6,392) (11,553) (9,836)
Deferred carriage fees, net (4,250) (4,617) (10,396)
Accounts payable, accrued expenses and other liabilities 48,851 15,609 33,115
Net cash provided by operating activities 606,547 385,729 514,325
Cash flows from investing activities:      
Capital expenditures (89,802) (80,049) (79,220)
Return of capital from investees 4,088 2,447 0
Payments for acquisitions, net of cash acquired (84,389) 0 (354)
Investments in and loans to investees (90,081) (53,000) (95,000)
Net cash used in investing activities (260,184) (130,602) (174,574)
Cash flows from financing activities:      
Proceeds from the issuance of long-term debt 289 1,536,000 982,500
Principal payments on long-term debt 0 (1,257,965) (848,000)
Premium and fees paid on extinguishment of debt 0 0 (40,954)
Payments for financing costs 0 (10,405) (2,070)
Deemed repurchase of restricted stock units (16,836) (14,496) (10,822)
Purchase of treasury stock (283,143) (434,210) (223,237)
Proceeds from stock option exercises 4,317 0 1,228
Excess tax benefits from share-based compensation arrangements 0 0 789
Principal payments on capital lease obligations (4,938) (4,573) (4,288)
Distributions to noncontrolling interest (14,296) (18,561) (9,010)
Net cash used in financing activities (314,607) (204,210) (153,864)
Net increase in cash and cash equivalents from operations 31,756 50,917 185,887
Effect of exchange rate changes on cash and cash equivalents (35,653) 26,477 (20,819)
Cash and cash equivalents at beginning of year 558,783 481,389 316,321
Cash and cash equivalents at end of year $ 554,886 $ 558,783 $ 481,389