XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income including noncontrolling interests $ 200,454 $ 137,323
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 49,821 47,850
Impairment and other charges 0 158,973
Share-based compensation expenses related to equity classified awards 16,812 29,709
Non-cash restructuring and other related charges 0 4,329
Amortization of program rights 396,890 333,348
Amortization of deferred carriage fees 16,902 7,633
Unrealized foreign currency transaction gain (554) (10,609)
Amortization of deferred financing costs and discounts on indebtedness 3,828 3,923
Loss on extinguishment of debt 0 22,074
Bad debt expense 1,165 3,530
Deferred income taxes 34,115 16,487
Gain on investments (4,084) (4,554)
Other, net (4,955) (7,776)
Changes in assets and liabilities:    
Accounts receivable, trade (including amounts due from related parties, net) 58,410 7,913
Prepaid expenses and other assets (50,853) (18,233)
Program rights and obligations, net (667,492) (583,480)
Income taxes payable 2,241 (5,472)
Deferred revenue 44,874 1,203
Deferred carriage fees, net (11,686) (27,861)
Accounts payable, accrued liabilities and other liabilities (68,714) 14,857
Net cash provided by operating activities 17,174 131,167
Cash flows from investing activities:    
Capital expenditures (21,554) (18,849)
Return of capital from investees 1,771 0
Payments for acquisition of a business, net of cash acquired 0 (19,072)
Acquisition of investments 0 (28,397)
Cash paid on distribution of business 0 (7,052)
Principal payment received on loan to investee 0 20,000
Proceeds from sale of investments 9,854 95,370
Net cash provided by (used in) investing activities (9,929) 42,000
Cash flows from financing activities:    
Proceeds from the issuance of long-term debt 0 984,500
Principal payments on long-term debt (16,875) (1,015,000)
Deemed repurchases of restricted stock units (20,309) (32,327)
Proceeds from stock option exercises 0 9,795
Principal payments on finance lease obligations (1,663) (1,984)
Contributions from noncontrolling interests 0 2,702
Distributions to noncontrolling interests (25,139) (11,912)
Purchase of noncontrolling interests (2,500) 0
Net cash used in financing activities (66,486) (64,226)
Net increase (decrease) in cash and cash equivalents from operations (59,241) 108,941
Effect of exchange rate changes on cash and cash equivalents (15,636) (16,741)
Cash and cash equivalents at beginning of period 892,221 888,526
Cash and cash equivalents at end of period $ 817,344 $ 980,726