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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 210,803 $ 261,952 $ 62,273
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 53,883 51,973 45,923
Amortization of intangible assets 20,570 25,072 16,596
Amortization of deferred loan costs 4,630 4,624 4,884
Accretion of original issue discount and premium related to long-term debt, net (610) (610) (779)
Amortization of restricted stock and stock option awards 6,661 8,303 5,099
Amortization of program broadcast rights 21,416 21,033 19,001
Payments on program broadcast obligations (21,789) (21,055) (18,786)
Deferred income taxes 22,932 (77,325) 41,386
(Gain) loss on disposals of assets, net (16,405) (74,200) 329
Loss from early extinguishment of debt 2,851 31,987
Other (2,888) (3,343) (1,788)
Changes in operating assets and liabilities:      
Accounts receivable (12,362) (23,744) (6,107)
Prepaid income taxes 13,791 851 (14,642)
Other current assets (2,901) 806 2,032
Accounts payable 563 2,116 518
Employee compensation, benefits and pension costs 4,636 (1,899) 871
Accrued network fees and other expenses 7,444 3,306 (1,723)
Accrued interest 7,665 (5,829) 19,736
Income taxes payable 5,578 5,836 2,145
Deferred revenue (301) (703) 1,130
Net cash provided by operating activities 323,316 180,015 210,085
Investing activities      
Acquisitions of television businesses and licenses (425) (416,018) (431,846)
Proceeds from sale of television station 8,500 11,200
Proceeds from FCC spectrum auction 90,824
Purchases of property and equipment (69,975) (34,516) (43,604)
Proceeds from Repack (Note 1) 14,217 84
Proceeds from other asset sales 467 103 2,979
Net (increase) decrease in acquisition prepayments and other (161) 9,724 (18,063)
Net cash used in investing activities (47,377) (349,799) (479,334)
Financing activities      
Proceeds from borrowings on long-term debt 750,000 641,438 1,656,000
Repayments of borrowings on long-term debt (40,208) (562,641) (1,100,000)
Payments for the repurchase of common stock (19,607) (4,000) (2,000)
Tender and redemption premiums for 2020 Notes (27,502)
Proceeds from issuance of common stock 238,945
Deferred and other loan costs (5,227) (4,981) (27,926)
Payments for taxes related to net share settlement of equity awards (4,353) (1,767) (1,452)
Net cash provided by financing activities 680,605 306,994 497,120
Net increase in cash 204,581 137,210 227,871
Net increase in restricted cash, included in non-current assets 751,963
Cash and restricted cash at beginning of period 462,399 325,189 97,318
Cash and restricted cash at end of period $ 1,418,943 $ 462,399 $ 325,189