XML 544 R145.htm IDEA: XBRL DOCUMENT v3.3.1.900
Condensed Consolidated Financial Statements - Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 28, 2014
Dec. 29, 2013
Dec. 29, 2012
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents $ 262,644 $ 1,455,183 $ 640,697 $ 430,574
Restricted cash and cash equivalents 17,595 17,600    
Accounts receivable, net 466,628 440,722    
Broadcast rights 160,240 147,423    
Income taxes receivable 42,838 4,931    
Deferred income taxes 0 29,675    
Prepaid expenses 63,337 26,300    
Other Assets, Current 8,663 38,989    
Total current assets 1,021,945 2,160,823    
Property, plant and equipment 818,658 953,438    
Accumulated depreciation (160,801) (102,841)    
Net properties 657,857 850,597    
Investments in subsidiaries 0 0    
Broadcast rights 203,422 157,014    
Goodwill 3,561,812 3,918,136 3,815,196  
Other intangible assets, net 2,240,199 2,397,794    
Assets held for sale [1] 206,422 5,645    
Investments 1,692,700 1,717,192    
Intercompany receivables 0 0    
Intercompany loan receivable 0 0    
Other 174,178 189,254    
Total other assets 8,078,733 8,385,035    
Total Assets 9,758,535 11,396,455    
Accounts payable 60,394 77,295    
Debt due within one year 26,479 4,088    
Income taxes payable 3,458 252,570    
Employee compensation and benefits 87,976 80,270    
Contracts payable for broadcast rights 236,676 178,685    
Deferred revenue 44,721 34,352    
Interest payable 33,828 12,238    
Other 141,861 124,952    
Total current liabilities 547,417 684,180    
Long-term debt 3,452,544 3,490,897    
Intercompany loan payable 0 0    
Deferred income taxes 984,032 1,156,214    
Contracts payable for broadcast rights 385,107 279,819    
Contract intangible liability, net 13,772 34,425 193,730  
Intercompany payables 0 0    
Other 543,941 555,489    
Total non-current liabilities 5,379,396 5,516,844    
Total Liabilities 5,926,813 6,201,024    
Common Stock 100 98    
Treasury Stock (400,153) (67,814)    
Additional paid-in-capital 4,619,618 4,591,470    
Retained (deficit) earnings (322,351) 718,218    
Accumulated other comprehensive loss (71,016) (46,541)    
Total Tribune Media Company shareholders’ equity (deficit) 3,826,198 5,195,431    
Noncontrolling interests 5,524 0    
Total shareholders’ equity (deficit) 3,831,722 5,195,431    
Total Liabilities and Shareholders’ Equity (Deficit) 9,758,535 11,396,455    
Consolidation, Eliminations [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 0 0 0 0
Restricted cash and cash equivalents 0 0    
Accounts receivable, net 0 0    
Broadcast rights 0 0    
Income taxes receivable 0 (1,481)    
Deferred income taxes   0    
Prepaid expenses 0 0    
Other Assets, Current 0 0    
Total current assets 0 (1,481)    
Property, plant and equipment 0 0    
Accumulated depreciation 0 0    
Net properties 0 0    
Investments in subsidiaries (10,479,353) (10,600,716)    
Broadcast rights 0 0    
Goodwill 0 0    
Other intangible assets, net 0 0    
Assets held for sale 0 0    
Investments 0 0    
Intercompany receivables (6,158,611) (5,035,424)    
Intercompany loan receivable (27,000) (27,000)    
Other (187,302) (188,536)    
Total other assets (6,372,913) (5,250,960)    
Total Assets (16,852,266) (15,853,157)    
Accounts payable 0 0    
Debt due within one year 0 0    
Income taxes payable 0 (1,481)    
Contracts payable for broadcast rights 0 0    
Deferred revenue 0 0    
Interest payable 0 0    
Other 0 0    
Total current liabilities 0 (1,481)    
Long-term debt 0 0    
Intercompany loan payable (27,000) (27,000)    
Deferred income taxes (187,302) (188,536)    
Contracts payable for broadcast rights 0 0    
Contract intangible liability, net 0 0    
Intercompany payables (6,158,611) (5,035,424)    
Other 0 0    
Total non-current liabilities (6,372,913) (5,250,960)    
Total Liabilities (6,372,913) (5,252,441)    
Common Stock 0 0    
Treasury Stock 0 0    
Additional paid-in-capital (9,817,885) (9,719,881)    
Retained (deficit) earnings (678,351) (883,499)    
Accumulated other comprehensive loss 16,883 2,664    
Total Tribune Media Company shareholders’ equity (deficit) (10,479,353)      
Noncontrolling interests 0      
Total shareholders’ equity (deficit) (10,479,353) (10,600,716)    
Total Liabilities and Shareholders’ Equity (Deficit) (16,852,266) (15,853,157)    
Parent (Tribune Media Company) | Reportable Legal Entities [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 235,508 1,433,388 555,442 410,301
Restricted cash and cash equivalents 17,595 17,600    
Accounts receivable, net 672 7,073    
Broadcast rights 0 0    
Income taxes receivable 0 0    
Deferred income taxes   8,546    
Prepaid expenses 16,747 15,593    
Other Assets, Current 4,494 4,048    
Total current assets 275,016 1,486,248    
Property, plant and equipment 47,909 24,699    
Accumulated depreciation (10,607) (3,636)    
Net properties 37,302 21,063    
Investments in subsidiaries 10,374,921 10,512,753    
Broadcast rights 0 0    
Goodwill 0 0    
Other intangible assets, net 0 0    
Assets held for sale 0 0    
Investments 18,276 8,958    
Intercompany receivables 1,560,781 979,345    
Intercompany loan receivable 27,000 27,000    
Other 239,046 261,229    
Total other assets 1,845,103 1,276,532    
Total Assets 12,532,342 13,296,596    
Accounts payable 29,587 36,123    
Debt due within one year 22,443 0    
Income taxes payable 0 0    
Contracts payable for broadcast rights 0 0    
Deferred revenue 0 0    
Interest payable 33,826 12,155    
Other 44,615 47,288    
Total current liabilities 130,471 95,566    
Long-term debt 3,437,713 3,471,017    
Intercompany loan payable 0 0    
Deferred income taxes 0 0    
Contracts payable for broadcast rights 0 0    
Contract intangible liability, net 0 0    
Intercompany payables 4,652,289 4,022,344    
Other 485,671 512,238    
Total non-current liabilities 8,575,673 8,005,599    
Total Liabilities 8,706,144 8,101,165    
Common Stock 100 98    
Treasury Stock (400,153) (67,814)    
Additional paid-in-capital 4,619,618 4,591,470    
Retained (deficit) earnings (322,351) 718,218    
Accumulated other comprehensive loss (71,016) (46,541)    
Total Tribune Media Company shareholders’ equity (deficit) 3,826,198      
Noncontrolling interests 0      
Total shareholders’ equity (deficit) 3,826,198 5,195,431    
Total Liabilities and Shareholders’ Equity (Deficit) 12,532,342 13,296,596    
Guarantor Subsidiaries | Reportable Legal Entities [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 13,054 12,204 71,788 2,789
Restricted cash and cash equivalents 0 0    
Accounts receivable, net 452,722 426,574    
Broadcast rights 157,538 144,619    
Income taxes receivable 42,816 4,891    
Deferred income taxes   21,096    
Prepaid expenses 44,817 9,435    
Other Assets, Current 3,818 34,869    
Total current assets 714,765 653,688    
Property, plant and equipment 662,094 830,942    
Accumulated depreciation (144,089) (95,692)    
Net properties 518,005 735,250    
Investments in subsidiaries 104,432 87,963    
Broadcast rights 203,376 156,949    
Goodwill 3,508,718 3,889,609    
Other intangible assets, net 2,091,010 2,270,955    
Assets held for sale 206,422 5,645    
Investments 1,659,029 1,695,289    
Intercompany receivables 4,265,957 3,578,837    
Intercompany loan receivable 0 0    
Other 117,124 108,936    
Total other assets 12,051,636 11,706,220    
Total Assets 13,388,838 13,183,121    
Accounts payable 24,153 39,680    
Debt due within one year 0 54    
Income taxes payable 2,700 254,051    
Contracts payable for broadcast rights 233,660 172,133    
Deferred revenue 39,654 30,442    
Interest payable 0 0    
Other 91,384 68,067    
Total current liabilities 391,551 564,427    
Long-term debt 0 0    
Intercompany loan payable 27,000 27,000    
Deferred income taxes 994,083 1,050,751    
Contracts payable for broadcast rights 385,052 279,662    
Contract intangible liability, net 13,772 34,425    
Intercompany payables 1,397,981 887,352    
Other 55,779 39,679    
Total non-current liabilities 2,873,667 2,318,869    
Total Liabilities 3,265,218 2,883,296    
Common Stock 0 0    
Treasury Stock 0 0    
Additional paid-in-capital 9,529,071 9,504,260    
Retained (deficit) earnings 600,853 797,819    
Accumulated other comprehensive loss (6,304) (2,254)    
Total Tribune Media Company shareholders’ equity (deficit) 10,123,620      
Noncontrolling interests 0      
Total shareholders’ equity (deficit) 10,123,620 10,299,825    
Total Liabilities and Shareholders’ Equity (Deficit) 13,388,838 13,183,121    
Non-Guarantor Subsidiaries | Reportable Legal Entities [Member]        
Condensed Balance Sheet Statements, Captions [Line Items]        
Cash and cash equivalents 14,082 9,591 $ 13,467 $ 17,484
Restricted cash and cash equivalents 0 0    
Accounts receivable, net 13,234 7,075    
Broadcast rights 2,702 2,804    
Income taxes receivable 22 1,521    
Deferred income taxes   33    
Prepaid expenses 1,773 1,272    
Other Assets, Current 351 72    
Total current assets 32,164 22,368    
Property, plant and equipment 108,655 97,797    
Accumulated depreciation (6,105) (3,513)    
Net properties 102,550 94,284    
Investments in subsidiaries 0 0    
Broadcast rights 46 65    
Goodwill 53,094 28,527    
Other intangible assets, net 149,189 126,839    
Assets held for sale 0 0    
Investments 15,395 12,945    
Intercompany receivables 331,873 477,242    
Intercompany loan receivable 0 0    
Other 5,310 7,625    
Total other assets 554,907 653,243    
Total Assets 689,621 769,895    
Accounts payable 6,654 1,492    
Debt due within one year 4,036 4,034    
Income taxes payable 758 0    
Contracts payable for broadcast rights 3,016 6,552    
Deferred revenue 5,067 3,910    
Interest payable 2 83    
Other 5,862 9,597    
Total current liabilities 25,395 25,668    
Long-term debt 14,831 19,880    
Intercompany loan payable 0 0    
Deferred income taxes 177,251 293,999    
Contracts payable for broadcast rights 55 157    
Contract intangible liability, net 0 0    
Intercompany payables 108,341 125,728    
Other 2,491 3,572    
Total non-current liabilities 302,969 443,336    
Total Liabilities 328,364 469,004    
Common Stock 0 0    
Treasury Stock 0 0    
Additional paid-in-capital 288,814 215,621    
Retained (deficit) earnings 77,498 85,680    
Accumulated other comprehensive loss (10,579) (410)    
Total Tribune Media Company shareholders’ equity (deficit) 355,733      
Noncontrolling interests 5,524      
Total shareholders’ equity (deficit) 361,257 300,891    
Total Liabilities and Shareholders’ Equity (Deficit) $ 689,621 $ 769,895    
[1] (6)See Note 7 for information regarding assets held for sale.