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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net income (loss) $ (688,369) $ 64,105
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 77,171 80,764
Impairment of goodwill 686,000 0
Losses (gains), net on disposal of property and equipment 1,254 4,058
Gain on extinguishment of debt 0 (1,234)
Programming assets and liabilities (27,438) (11,724)
Restructuring impairment charges 14,406 0
Deferred income taxes (19,028) 12,833
Stock and deferred compensation plans 15,897 11,612
Pension contributions, net of income/expense (957) (1,860)
Other changes in certain working capital accounts, net (41,409) (53,516)
Miscellaneous, net 7,378 1,547
Net operating activities 24,905 106,585
Cash Flows from Investing Activities:    
Acquisitions, net of cash acquired 0 (13,797)
Additions to property and equipment (25,827) (27,456)
Purchase of investments (868) (5,281)
Proceeds from FCC repack 0 1,742
Miscellaneous, net 10 (2,451)
Net investing activities (26,685) (47,243)
Cash Flows from Financing Activities:    
Net borrowings under revolving credit facility 70,000 60,000
Payments on long-term debt (9,306) (128,850)
Preferred stock dividends (24,000) (24,000)
Tax payments related to shares withheld for vested stock and RSUs (4,654) (8,468)
Miscellaneous, net (8,983) (267)
Net cash provided by (used in) financing activities 23,057 (101,585)
Increase (decrease) in cash, cash equivalents and restricted cash 21,277 (42,243)
Cash, cash equivalents and restricted cash:    
Beginning of year 18,027 100,480
End of period 39,304 58,237
Supplemental Cash Flow Disclosures    
Interest paid 93,862 68,177
Income taxes paid 12,890 46,949
Non-cash investing information    
Capital expenditures included in accounts payable $ 1,538 $ 1,644