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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net Income $ 238,041 $ 202,280
Adjustments to reconcile net income to net cash flow from operating activities:    
Depreciation and amortization 100,274 77,361
Stock-based compensation 12,578 13,887
Company stock 401(k) contribution 13,023 6,486
Gains on sales of assets 0 (11,728)
Equity income from unconsolidated investments, net (8,407) (10,922)
Pension contributions, net of expense (8,144) (5,543)
Change in other assets and liabilities, net of acquisitions:    
Decrease (increase) in trade receivables 73,838 (24,708)
Increase (decrease) in accounts payable 10,636 (15,950)
Increase (decrease) in interest and taxes payable 13,793 (1,815)
Increase in deferred revenue 27,706 1,027
Change in other assets and liabilities, net 42,413 (15,790)
Net cash flow from operating activities 515,751 214,585
Cash flows from investing activities:    
Purchase of property and equipment (30,583) (51,231)
Reimbursements from spectrum repacking 12,670 13,975
Payments for acquisitions of businesses and other assets, net of cash acquired (15,841) (1,507,483)
Payments for investments (709) (4,041)
Proceeds from investments 5,028 4,020
Proceeds from sale of assets and businesses 5,023 21,733
Net cash flow used for investing activities (24,412) (1,523,027)
Cash flows from financing activities:    
(Payments) proceeds under revolving credit facilities, net (728,000)  
(Payments) proceeds under revolving credit facilities, net   223,000
Proceeds from borrowings 1,550,000 1,100,000
Debt repayments (1,085,000) (75,000)
Payments for debt issuance costs and early redemption fee (36,896) (20,276)
Proceeds from sale of minority ownership interest in Premion 14,000 0
Dividends paid (61,110) (45,451)
Other, net (9,151) (499)
Net cash flow (used for) provided by financing activities (356,157) 1,181,774
Increase (decrease) in cash 135,182 (126,668)
Balance of cash, beginning of period 29,404 135,862
Balance of cash, end of period 164,586 9,194
Supplemental cash flow information:    
Cash paid for income taxes, net of refunds 39,872 73,457
Cash paid for interest $ 174,575 $ 117,913