XML 81 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income including noncontrolling interests $ 407,368 $ 387,528
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 75,568 64,034
Impairment and related charges 0 4,486
Share-based compensation expense related to equity classified awards 50,465 52,006
Non-cash restructuring and other related charges 14,026 0
Amortization and write-off of program rights 696,326 684,289
Amortization of deferred carriage fees 14,624 13,107
Unrealized foreign currency transaction loss (gain) 489 (712)
Unrealized gain on derivative contracts, net 0 (40,848)
Amortization of deferred financing costs and discounts on indebtedness 5,970 5,746
Bad debt expense 3,628 6,155
Deferred income taxes (65,245) 39,404
Write-down of non-marketable equity securities and note receivable 20,206 0
Other, net (8,481) (887)
Changes in assets and liabilities:    
Accounts receivable, trade (including amounts due from related parties, net) 6,993 (2,333)
Prepaid expenses and other assets (121,375) (27,769)
Program rights and obligations, net (676,718) (671,108)
Income taxes payable 3,101 (5,005)
Deferred revenue 10,395 3,531
Deferred carriage fees, net (14,409) (3,200)
Accounts payable, accrued liabilities and other liabilities (22,534) (36,612)
Net cash provided by operating activities 400,397 471,812
Cash flows from investing activities:    
Capital expenditures (69,096) (60,774)
Return of capital from investees 9,232 523
Investment in and loans to investees 0 (90,080)
Payments for acquisition of a business, net of cash acquired 0 (35,554)
Net cash used in investing activities (59,864) (185,885)
Cash flows from financing activities:    
Proceeds from the issuance of long-term debt 1,521 0
Principal payments on long-term debt (12,613) 0
Deemed repurchases of restricted stock units (23,019) (15,734)
Purchase of treasury stock (70,598) (267,400)
Proceeds from stock option exercises 4,630 4,317
Principal payments on finance lease obligations (4,059) (3,878)
Distributions to noncontrolling interests (13,545) (9,333)
Net cash used in financing activities (117,683) (292,028)
Net increase (decrease) in cash and cash equivalents from operations 222,850 (6,101)
Effect of exchange rate changes on cash and cash equivalents (4,350) 12,035
Cash and cash equivalents at beginning of period 554,886 558,783
Cash and cash equivalents at end of period $ 773,386 $ 564,717