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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets:    
Cash $ 251,000 $ 667,000
Accounts receivable trade, less allowance for doubtful accounts of $9 and $5, respectively 390,000 184,000
Current portion of program broadcast rights, net 9,000 15,000
Prepaid and other current assets 33,000 7,000
Total current assets 683,000 873,000
Property and equipment, net 686,000 363,000
Operating leases right of use asset 66,000 0
Broadcast licenses 3,558,000 1,530,000
Goodwill 1,452,000 612,000
Other intangible assets, net 497,000 53,000
Investments in broadcasting and technology companies 17,000 17,000
Restricted cash 0 752,000
Other 42,000 13,000
Total assets 7,001,000 4,213,000
Liabilities and stockholders’ equity:    
Accounts payable 12,000 8,000
Employee compensation and benefits 50,000 35,000
Accrued interest 39,000 34,000
Accrued network programming fees 27,000 22,000
Other accrued expenses 27,000 18,000
Federal and state income taxes 27,000 14,000
Current portion of program broadcast obligations 9,000 15,000
Deferred revenue 9,000 4,000
Dividends payable 13,000 0
Current portion of operating lease liabilities 6,000 0
Current portion of long-term debt 14,000 0
Total current liabilities 233,000 150,000
Long-term debt, less current portion and deferred financing costs 3,881,000 2,549,000
Program broadcast obligations, less current portion 7,000 5,000
Deferred income taxes 760,000 285,000
Accrued pension costs 33,000 33,000
Operating lease liabilities 61,000 0
Other 13,000 4,000
Total liabilities 4,988,000 3,026,000
Commitments and contingencies (Note 11)
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 650,000 shares and 0 shares, ($650 and $0 aggregate liquidation value, respectively) 650,000 0
Stockholders’ equity:    
Common stock 1,086,000 907,000
Retained earnings 377,000 372,000
Accumulated other comprehensive loss, net of income tax benefit (26,000) (21,000)
Stockholders' equity before treasury stock 1,464,000 1,285,000
Treasury stock at cost (75,000) (72,000)
Total stockholders’ equity 1,363,000 1,187,000
Total liabilities and stockholders’ equity 7,001,000 4,213,000
Common Class A [Member]    
Stockholders’ equity:    
Common stock 27,000 27,000
Treasury stock at cost $ (26,000) $ (26,000)