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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 482,763 $ 286,235 $ 405,665
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation 66,880 60,525 55,949
Amortization of Intangible Assets 67,690 50,104 30,838
Stock-based compensation 20,306 20,146 12,531
Company stock 401(k) contribution 16,469 9,558 0
Amortization of deferred financing costs, debt discounts and premiums 20,251 12,012 11,162
Losses (gains) on assets 12,457 (7,402) (4,991)
Provision for deferred income taxes 8,533 22,064 17,258
Equity income in unconsolidated investees, net (10,397) (10,149) (13,792)
Changes in operating assets and liabilities, net of acquisitions:      
Decreases (increase) decrease in trade receivables 27,474 (86,245) (5,351)
Increase (decrease) in accounts payable 7,245 (29,526) 29,357
Increase (decrease) in interest and taxes payable 66,466 (8,284) 22,895
Increase in deferred revenue 1,013 1,007 898
Pension contributions, net of (income) expense (10,400) (19,447) (42,015)
Changes in other assets and liabilities, net 28,386 (3,125) 6,805
Net cash flows from operating activities 805,136 297,473 527,209
Cash flows from investing activities:      
Purchase of property and equipment (45,499) (88,356) (65,230)
Reimbursement from spectrum repacking 13,180 16,974 7,400
Payments for acquisitions of businesses and other assets, net of cash acquired (34,841) (1,514,183) (328,433)
Payments for investments (2,415) (4,986) (11,677)
Proceeds from investments 5,028 4,698 7,189
Proceeds from sale of businesses and assets 5,026 22,383 16,335
Net cash used for investing activities (59,521) (1,563,470) (374,416)
Cash flows from by financing activities:      
(Payments of) proceeds from borrowings under revolving credit facilities, net (548,000)    
(Payments of) proceeds from borrowings under revolving credit facilities, net   853,000 50,000
Proceeds from borrowings 1,550,000 1,100,000 0
Debt repayments (1,623,000) (710,000) (121,146)
Payments for debt issuance and premiums for early redemption costs (41,378) (22,018) (5,269)
Dividends paid (76,465) (60,624) (60,290)
Repurchases of common stock 0 0 (5,831)
Net settlement of stock for tax withholding and proceeds from stock option exercises (9,208) (819) (2,436)
Proceeds from sale of minority ownership interest in Premion 14,000 0 0
Net cash (used for) provided by financing activities (734,051) 1,159,539 (144,972)
Increase (decrease) in cash, cash equivalents and restricted cash 11,564 (106,458) 7,821
Balance of cash, cash equivalents and restricted cash at beginning of year 29,404 135,862 128,041
Balance of cash, cash equivalents and restricted cash at end of year 40,968 29,404 135,862
Supplemental Cash Flow Information [Abstract]      
Cash paid for income taxes, net of refunds 84,889 84,045 62,889
Cash paid for interest $ 200,766 $ 186,086 $ 182,465