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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 1,063,041 $ 673,685
Restricted cash and cash equivalents 16,607 17,566
Accounts receivable (net of allowances of $4,461 and $4,814) 416,938 420,095
Broadcast rights 98,269 129,174
Income taxes receivable 23,922 18,274
Prepaid expenses 19,444 20,158
Other 7,509 14,039
Total current assets 1,645,730 1,292,991
Properties    
Machinery, equipment and furniture 334,495 318,891
Buildings and leasehold improvements 156,868 171,113
Property, Plant and Equipment, Gross 491,363 490,004
Accumulated depreciation (266,078) (233,387)
Property, Plant and Equipment, Net 225,285 256,617
Land 147,614 157,298
Construction in progress 48,400 26,380
Net properties 421,299 440,295
Broadcast rights 95,876 133,683
Goodwill 3,228,601 3,228,988
Other intangible assets, net 1,442,456 1,613,665
Assets held for sale [1] 0 38,900
Investments 1,264,437 1,281,791
Other 152,992 139,015
Total other assets 6,184,362 6,436,042
Total Assets [2] 8,251,391 8,169,328
Current Liabilities    
Accounts payable 44,897 48,319
Income taxes payable 9,973 36,252
Employee compensation and benefits 79,482 71,759
Contracts payable for broadcast rights 232,687 253,244
Deferred revenue 12,508 11,942
Interest payable 30,086 30,525
Deferred spectrum auction proceeds 0 172,102
Other 42,160 30,124
Total current liabilities 451,793 654,267
Non-Current Liabilities    
Long-term debt (net of unamortized discounts and debt issuance costs of $29,434 and $36,332) 2,926,083 2,919,185
Deferred income taxes 573,924 508,174
Contracts payable for broadcast rights 233,275 300,420
Pension obligations, net 380,322 396,875
Postretirement medical, life and other benefits 8,298 9,328
Other obligations 154,599 163,899
Total non-current liabilities 4,276,501 4,297,881
Total Liabilities [2] 4,728,294 4,952,148
Commitments and Contingencies
Stockholders' Equity    
Preferred stock ($0.001 par value per share) 0 0
Common Stock, Value, Issued 102 101
Treasury stock, at cost: 14,102,185 shares at December 31, 2018 and December 31, 2017 (632,194) (632,194)
Additional paid-in-capital 4,031,233 4,011,530
Retained earnings (deficit) 223,734 (114,240)
Accumulated other comprehensive loss (104,967) (48,061)
Total Tribune Media Company shareholders’ equity 3,517,908 3,217,136
Noncontrolling interests 5,189 44
Total shareholders’ equity 3,523,097 3,217,180
Total Liabilities and Shareholders’ Equity 8,251,391 8,169,328
Common Class A    
Stockholders' Equity    
Common Stock, Value, Issued 102 101
Total shareholders’ equity 102 101
Common Class B    
Stockholders' Equity    
Common Stock, Value, Issued 0 0
Total shareholders’ equity $ 0 $ 0
[1] (4)See Note 4 for information regarding assets held for sale.
[2] The Company’s consolidated total assets as of December 31, 2018 and December 31, 2017 include total assets of variable interest entities (“VIEs”) of $73 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 December 31, 2018 and December 31, 2017 include total liabilities of the VIEs of $28 million and $29 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).