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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income $ 60,650 $ 81,066
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 27,237 25,470
Amortization of intangible assets 10,589 12,224
Amortization of deferred loan costs 2,315 2,309
Accretion of original issue discount and premium related to long-term debt, net (305) (305)
Amortization of restricted stock and stock option awards 3,371 2,772
Amortization of program broadcast rights 10,604 10,235
Payments on program broadcast obligations (10,866) (10,393)
Deferred income taxes 10,852 53,732
Gain on disposals of assets, net (1,615) (76,799)
Loss from early extinguishment of debt 2,851
Other (555) (949)
Changes in operating assets and liabilities:    
Accounts receivable (5,482) (22,360)
Prepaid income taxes (12,057) (990)
Other current assets 443 (507)
Accounts payable (1,720) (2,920)
Employee compensation, benefits and pension cost (4,314) (8,517)
Accrued network fees and other expenses (3,183) (3,462)
Accrued interest 39 (5,917)
Income taxes payable 10,415 1,580
Deferred revenue 1,034 24
Net cash provided by operating activities 97,452 59,144
Investing activities    
Acquisitions of television businesses and licenses (386,438)
Purchases of property and equipment (19,915) (10,415)
Proceeds from asset sales 104 126
Proceeds from FCC Repack (Note 1) 1,846
Acquisition prepayments (4,145) (11,731)
Other 4 (4,759)
Net cash used in investing activities (22,106) (413,217)
Financing activities    
Proceeds from borrowings on long-term debt 641,438
Repayments of borrowings on long-term debt (3,208) (559,433)
Payments for the repurchase of common stock (19,607) (4,000)
Deferred and other loan costs (4,994)
Payments for taxes related to net share settlement of equity awards (4,353) (1,767)
Net cash (used in) provided by financing activities (27,168) 71,244
Net increase (decrease) in cash 48,178 (282,829)
Cash at beginning of period 462,399 325,189
Cash at end of period $ 510,577 $ 42,360