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Consolidated Statements of Cash Flows Statement - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Activities      
Net Income $ 412,530 $ 197,497 $ 14,246
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock-based compensation 23,033 32,933 37,189
Pension credit and contributions (82,554) (22,047) (24,110)
Depreciation 54,206 56,314 72,409
Amortization of contract intangible assets and liabilities 881 869 (10,566)
Amortization of other intangible assets 166,715 166,679 196,663
Impairments of other intangible assets 3,100 0 3,400
Income on equity investments, net (169,335) (137,362) (148,156)
Distributions from equity investments 171,591 198,124 170,527
Non-cash loss on extinguishments and modification of debt 0 8,258 0
Original issue discount payments 0 (7,360) 0
Write-downs of investments 0 193,494 0
Amortization of debt issuance costs and original issue discount 7,509 7,875 11,172
Gain on sales of spectrum (133,197) 0 0
Gain on sale of business 0 (33,492) 0
Loss (gain) on investment transactions, net 1,113 (8,131) 0
Impairments of real estate 0 2,399 15,102
Gain on sales of real estate, net (24,657) (28,533) (213,086)
Other non-operating gain, net (68) (71) (5,427)
Changes in working capital items:      
Accounts receivable, net 1,442 10,638 (998)
Prepaid expenses and other current assets 7,244 10,310 18,171
Accounts payable (4,401) (8,736) 6,589
Employee compensation and benefits, accrued expense and other current liabilities 19,682 (23,927) (7,515)
Deferred revenue 570 (2,423) (2,843)
Income taxes (31,781) 6,175 51,296
Change in broadcast rights, net of liabilities (18,764) 45,898 (15,427)
Deferred income taxes 79,779 (478,637) 95,035
Change in non-current obligations for uncertain tax positions (1,912) 791 (11,276)
Other, net (13,521) 35,050 31,770
Net cash provided by operating activities 469,205 222,585 284,165
Investing Activities      
Capital expenditures (76,188) (66,832) (99,659)
Spectrum repack reimbursements 11,276 984 0
Net proceeds from the sale of business 0 554,487 0
Proceeds from FCC spectrum auction 0 172,102 0
Proceeds from sales of real estate and other assets 59,153 144,464 507,692
Proceeds from sales of investments 15,232 148,321 0
Distributions from equity investment 0 3,768 0
Other, net 1,501 (4,260) (5,993)
Net cash provided by investing activities 10,974 953,034 402,040
Financing Activities      
Long-term borrowings 0 202,694 0
Repayments of long-term debt 0 (703,527) (27,842)
Long-term debt issuance costs 0 (1,689) (736)
Payments of dividends (87,709) (586,336) (90,296)
Tax withholdings related to net share settlements of share-based awards (6,386) (8,774) (4,553)
Proceeds from stock option exercises 1,838 11,317 0
Common stock repurchases 0 0 (232,065)
Contributions from (distributions to) noncontrolling interests, net 475 (9,251) 393
Settlements of contingent consideration, net 0 0 (3,636)
Net cash used in financing activities (91,782) (1,095,566) (358,735)
Net Increase in Cash, Cash Equivalents and Restricted Cash 388,397 80,053 327,470
Cash, cash equivalents and restricted cash, beginning of year (1) 691,251 611,198 283,728 [1]
Cash, cash equivalents and restricted cash, end of year 1,079,648 691,251 611,198
Cash and Cash Equivalents are Comprised of:      
Cash and cash equivalents 1,063,041 673,685 577,658
Cash and cash equivalents classified as discontinued operations 0 0 12,751
Restricted cash and cash equivalents 16,607 17,566 17,566
Restricted cash and cash equivalents classified as discontinued operations 0 0 3,223
Cash, cash equivalents and restricted cash, end of year 1,079,648 691,251 611,198
Supplemental Schedule of Cash Flow Information      
Interest 161,838 152,401 160,200
Income taxes, net of refunds $ 66,020 $ 182,509 $ 265,886
[1] (1) Cash, cash equivalents and restricted cash at the beginning of the year ended December 31, 2016 of $284 million are comprised of $265 million of cash, cash equivalents and restricted cash from continuing operations as reflected in the Company’s unaudited Condensed Consolidated Balance Sheets and $18 million of cash, cash equivalents and restricted cash reflected in total assets of discontinued operations.