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Consolidated Statements of Cash Flows Statement
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 28, 2014
USD ($)
Operating Activities      
Net Income (Loss) $ 14,246 $ (319,918) $ 476,663
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Stock-based compensation 37,189 32,493 27,918
Pension credit, net of contributions (24,110) (29,417) (41,164)
Depreciation 72,409 74,289 88,890
Amortization of contract intangible assets and liabilities (10,566) (14,980) (35,774)
Amortization of other intangible assets 196,663 195,230 222,216
Impairments of goodwill and other intangible assets (Note 7) 3,400 385,000 0
Income on equity investments, net (148,156) (146,959) (236,088)
Distributions from equity investments 170,527 169,879 189,789
Non-cash loss on extinguishment of debt 0 33,480 0
Original issue discount payments 0 (6,158) 0
Amortization of debt issuance costs and original issue discount 11,172 12,258 13,433
Gain on investment transactions, net 0 (12,173) (373,968)
Impairments of real estate 15,102 6,650 3,983
(Gain) loss on sales of real estate (213,086) 97 (21,690)
Other non-operating (gain) loss, net (5,427) (6,183) 4,729
Change in excess tax benefits from stock-based awards 0 868 (868)
Changes in working capital items, excluding effects from acquisitions:      
Accounts receivable, net (998) (23,444) 39,149
Prepaid expenses and other current assets 18,171 (36,997) (1,532)
Accounts payable 6,589 (15,302) 2,855
Employee compensation and benefits, accrued expense and other current liabilities (7,515) 38,062 (24,349)
Deferred revenue (2,843) 9,541 23,189
Income taxes 51,296 (272,102) 261,591
Change in broadcast rights, net of liabilities (15,427) 100,116 (21,098)
Deferred income taxes 95,035 (140,075) (179,099)
Change in non-current obligations for uncertain tax positions (11,276) (931) (2,814)
Other, net 31,768 (7,380) (37,506)
Net cash provided by operating activities 284,163 25,944 378,455
Investing Activities      
Capital expenditures (99,659) (89,084) (89,438)
Investments (5,993) (23,042) (2,330)
Acquisitions, net of cash acquired 0 (74,959) (279,833)
Proceeds from sales of real estate and other assets 507,692 4,930 49,870
Transfers from (to) restricted cash 297 1,112 (1,109)
Decrease in restricted cash related to acquisition of Local TV 0 0 201,922
Distributions from equity investments 0 10,328 180,521
Proceeds from sales of investments 0 44,982 659,395
Net cash provided by (used in) investing activities 402,337 (125,733) 718,998
Financing Activities      
Long-term borrowings 0 1,100,000 0
Long-term borrowings related to Publishing Spin-off (Note 2) 0 0 346,500
Repayments of long-term debt (27,842) (1,114,262) (299,285)
Repayment of Senior Toggle Notes (Note 9) 0 0 (172,237)
Long-term debt issuance costs (736) (20,202) 0
Long-term debt issuance costs related to Publishing Spin-off (Note 2) 0 0 (10,179)
Payment of dividends (90,296) (719,919) 0
Settlements of contingent consideration, net (3,636) 1,174 0
Common stock repurchases (Note 15) (232,065) (339,942) (60,211)
Cash and restricted cash distributed to tronc (Note 2) 0 0 (86,530)
Change in excess tax benefits from stock-based awards 0 (868) 868
Tax withholdings related to net share settlements of share-based awards (4,553) (4,421) (3,201)
Proceeds from stock option exercises 0 166 1,308
Contributions from noncontrolling interests 393 5,524 0
Net cash used in financing activities (358,735) (1,092,750) (282,967)
Net Increase (Decrease) in Cash and Cash Equivalents 327,765 (1,192,539) 814,486
Cash and cash equivalents, beginning of year 262,644 1,455,183 640,697
Cash and cash equivalents, end of year 590,409 262,644 1,455,183
Cash and Cash Equivalents are Comprised of:      
Cash and cash equivalents 577,658 247,820 1,455,183
Cash and cash equivalents classified as assets held for sale 12,751 14,824 0
Cash and cash equivalents, end of year 590,409 262,644 1,455,183
Supplemental Schedule of Cash Flow Information      
Interest 160,200 130,311 140,338
Income taxes, net of refunds $ 265,886 $ 434,720 $ 217,579