XML 21 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities      
Net income $ 62,273 $ 39,301 $ 48,061
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 45,923 36,712 30,248
Amortization of Intangible Assets 16,596 11,982 8,297
Amortization of deferred loan costs 4,884 3,194 2,970
Amortization of original issue discount and premium related to long-term debt, net (779) (863) (863)
Amortization of restricted stock and stock option awards 5,099 4,019 5,012
Loss from early extinguishment of debt 31,987 5,086
Amortization of program broadcast rights 19,001 14,960 12,871
Payments on program broadcast obligations (18,786) (14,576) (15,087)
Common stock contributed to 401(k) plan 29 26 25
Deferred income taxes 41,386 25,770 30,938
Loss on disposals of assets, net 329 80 623
Other (1,817) (2,568) (778)
Changes in operating assets and liabilities:      
Accounts receivable (6,107) (14,787) (17,442)
Prepaid taxes (14,642)
Other current assets 2,032 (3,705) 4,898
Accounts payable 518 (141) 2,197
Employee compensation, benefits and pension costs 871 3,528 6,964
Accrued network fees and other expenses (5,175) 12,684 1,685
Accrued interest 19,736 (4,907) 4,920
Income taxes payable 2,145 (1,123) 345
Deferred revenue, current portion 1,130 (3,972) 3,249
Net cash provided by operating activities 206,633 105,614 134,219
Investing activities      
Acquisitions of television businesses and licenses (431,846) (185,126) (461,185)
Proceeds from Divestiture of Businesses 11,200 0
Purchases of property and equipment (43,604) (24,222) (32,215)
Proceeds from asset sales 2,979 3,115 1,508
Payments of acquisition related liabilities (91) (10,000)
Acquisition prepayments and other (18,063) (58)
Net cash used in investing activities (479,334) (206,382) (501,892)
Financing activities      
Proceeds from borrowings on long-term debt 1,656,000 0 644,000
Repayments of borrowings on long-term debt (1,100,000) 0 (249,623)
Tender and redemption premiums for 2020 Notes (27,502)
Proceeds from issuance of common stock 0 167,313
Deferred and other loan costs (27,926) 4 (9,413)
Net cash provided by financing activities 500,572 167,317 384,964
Net increase in cash 227,871 66,549 17,291
Cash at beginning of period 97,318 30,769 13,478
Cash at end of period $ 325,189 $ 97,318 $ 30,769