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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Reconciliation of Net Income (Loss) to Net Cash Provided by Operating Activities:    
Net income (loss) $ 27,040 $ (16,148)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 7,002 5,925
Program amortization 7,353 8,784
Amortization of deferred financing costs and original issue discount 530 292
Stock-based compensation 2,795 2,636
Provision for bad debts 49 929
(Gain) loss from FCC repack and other (2,176) 173
(Gain) loss on equity method investment activity (24,040) 17,208
Amortization of operating lease right-of-use assets 276 252
Other non-cash acquisition charges 1,258  
Impairment of equity method investment   5,479
Decrease (increase) in:    
Accounts receivable 836 (3,337)
Due from related parties, net 538 967
Programming rights (12,102) (5,858)
Prepaids and other assets (2,923) 585
(Decrease) increase in:    
Accounts payable 9,104 3,121
Other accrued expenses 5,335 (1,893)
Programming rights payable (3,884) 2,526
Income taxes payable 2,588  
Other liabilities 320 (207)
Net cash provided by operating activities 19,899 21,434
Cash Flows From Investing Activities:    
Funding of equity method investments (1,561) (6,449)
Capital expenditures (2,853) (613)
FCC repack proceeds 2,176 38
Cash paid for acquisition of Pantaya (122,621)  
Net cash used in investing activities (124,859) (7,024)
Cash Flows From Financing Activities:    
Purchases of common stock (3,266) (510)
Repayments of long-term debt (1,168) (1,068)
Proceeds from incremental term loan 48,000  
Payment of financing fees (638)  
Net cash provided by (used in) financing activities 42,928 (1,578)
Net (decrease) increase in cash (62,032) 12,832
Cash:    
Beginning 134,471 92,151
Ending 72,439 104,983
Cash payments for:    
Interest 5,073 5,213
Income taxes 1,520 $ 5
Non-cash investing activity (acquisition related):    
Issuance of Class A Common Stock 2,188  
Effective settlement of pre-existing receivables and payables, net $ 1,499