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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 795,438 $ 673,685
Restricted cash and cash equivalents 16,607 17,566
Accounts receivable (net of allowances of $5,023 and $4,814) 383,120 420,095
Broadcast rights 91,681 129,174
Income taxes receivable 18,067 18,274
Prepaid expenses 21,796 20,158
Other 23,195 14,039
Total current assets 1,349,904 1,292,991
Properties    
Property, plant and equipment 677,247 673,682
Accumulated depreciation (243,677) (233,387)
Net properties 433,570 440,295
Other Assets    
Broadcast rights 105,254 133,683
Goodwill 3,229,238 3,228,988
Other intangible assets, net 1,571,957 1,613,665
Assets held for sale [1] 0 38,900
Investments 1,205,785 1,281,791
Other 151,996 139,015
Total other assets 6,264,230 6,436,042
Total Assets (1) [2] 8,047,704 8,169,328
Current Liabilities    
Accounts payable 43,068 48,319
Income taxes payable 76,189 36,252
Employee compensation and benefits 46,958 71,759
Contracts payable for broadcast rights 215,857 253,244
Deferred revenue 13,641 11,942
Interest payable 14,412 30,525
DeferredSpectrumAuctionProceeds 0 172,102
Other 30,056 30,124
Total current liabilities 440,181 654,267
Non-Current Liabilities    
Long-term debt (net of unamortized discounts and debt issuance costs of $34,635 and $36,332) 2,920,882 2,919,185
Deferred income taxes 527,719 508,174
Contracts payable for broadcast rights 252,941 300,420
Pension obligations, net 390,090 396,875
Postretirement, medical, life and other benefits 9,174 9,328
Other obligations 161,582 163,899
Total non-current liabilities 4,262,388 4,297,881
Total Liabilities (1) [2] 4,702,569 4,952,148
Commitments and Contingent Liabilities
Shareholders’ Equity    
Preferred stock 0 0
Common Stock 102 101
Treasury stock, at cost: 14,102,185 shares at March 31, 2018 and December 31, 2017 (632,194) (632,194)
Additional paid-in-capital 4,012,052 4,011,530
Retained earnings (deficit) 4,706 (114,240)
Accumulated other comprehensive loss (39,569) (48,061)
Total Tribune Media Company shareholders’ equity 3,345,097 3,217,136
Noncontrolling interests 38 44
Total shareholders’ equity 3,345,135 3,217,180
Total Liabilities and Shareholders’ Equity 8,047,704 8,169,328
Class A Common Stock    
Shareholders’ Equity    
Common Stock 102 101
Total shareholders’ equity 102 101
Class B Common Stock    
Shareholders’ Equity    
Common Stock 0 0
Total shareholders’ equity $ 0 $ 0
[1] (3)See Note 3 for information regarding assets held for sale.
[2] (1) The Company’s consolidated total assets as of March 31, 2018 and December 31, 2017 include total assets of variable interest entities (“VIEs”) of $77 million and $81 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of March 31, 2018 and December 31, 2017 include total liabilities of the VIEs of $27 million and $29 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).