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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income including noncontrolling interests $ 137,323 $ 90,760
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 47,850 52,635
Impairment and other charges 158,973 130,411
Share-based compensation expense related to equity classified awards 29,709 30,747
Non-cash restructuring and other related charges 4,329 6,126
Amortization and write-off of program rights 333,348 415,255
Amortization of deferred carriage fees 7,633 13,749
Unrealized foreign currency transaction (gain) loss (10,609) 13,941
Amortization of deferred financing costs and discounts on indebtedness 3,923 4,088
Loss on extinguishment of debt 22,074 2,908
Bad debt expense 3,530 1,744
Deferred income taxes 16,487 10,437
Gain on investments (4,554) (13,958)
Write-down of non-marketable equity securities and note receivable 0 20,000
Other, net (7,776) (1,985)
Changes in assets and liabilities:    
Accounts receivable, trade (including amounts due from related parties, net) 7,913 55,365
Prepaid expenses and other assets (18,233) 45,953
Program rights and obligations, net (583,480) (387,027)
Income taxes payable (5,472) 256
Deferred revenue 1,203 (5,086)
Deferred carriage fees, net (27,861) (15,995)
Accounts payable, accrued liabilities and other liabilities 14,857 (45,412)
Net cash provided by operating activities 131,167 424,912
Cash flows from investing activities:    
Capital expenditures (18,849) (22,172)
Return of capital from investees 0 924
Payments for acquisition of a business, net of cash acquired (19,072) 0
Acquisition of investment securities (28,397) (1,250)
Cash paid on distribution of business (7,052) 0
Principal payment received on loan to investee 20,000 2,500
Proceeds from sale of investments 95,370 10,000
Net cash provided by (used in) investing activities 42,000 (9,998)
Cash flows from financing activities:    
Proceeds from the issuance of long-term debt 984,500 6,000
Principal payments on long-term debt (1,015,000) (218,750)
Deemed repurchases of restricted stock units (34,632) (8,946)
Purchase of treasury stock 0 (102,938)
Proceeds from stock option exercises 12,100 0
Principal payments on finance lease obligations (1,984) (1,575)
Contributions from noncontrolling interests 2,702 0
Distributions to noncontrolling interests (11,912) (10,607)
Net cash used in financing activities (64,226) (336,816)
Net increase in cash and cash equivalents 108,941 78,098
Effect of exchange rate changes on cash and cash equivalents (16,741) (4,381)
Cash and cash equivalents at beginning of period 888,526 816,170
Cash and cash equivalents at end of period $ 980,726 $ 889,887