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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:    
Net income $ 116,738 $ 76,229
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation of property and equipment 47,584 48,444
Amortization of definite-lived intangible and other assets 88,931 89,390
Amortization of program contract costs and net realizable value adjustments 59,915 64,281
Loss on extinguishment of debt, non-cash portion (1,404) 0
Stock-based compensation expense 11,448 9,969
Deferred tax benefit (8,211) (2,797)
Change in assets and liabilities, net of acquisitions:    
Increase in accounts receivable (26,295) (46,242)
Increase in prepaid expenses and other current assets (694) (5,617)
(Decrease) increase in accounts payable and accrued liabilities (23,410) 18,903
Net change in net income taxes payable/receivable (29,661) 9,389
Payments on program contracts payable (57,152) (57,242)
Gain on asset dispositions (53,497) (2,671)
Other, net 14,382 7,622
Net cash flows from operating activities 141,482 209,658
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:    
Acquisition of property and equipment (33,507) (49,786)
Acquisition of businesses, net of cash acquired (28,329) (423,104)
Purchase of alarm monitoring contracts (5,682) (21,616)
Proceeds from sale of non-media business 192,639 0
Investments in equity and cost method investees (20,690) (21,843)
Loans to affiliates 0 (19,500)
Other, net (3,064) 7,399
Net cash flows from (used in) investing activities 101,367 (528,450)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 163,089 607,555
Repayments of notes payable, commercial bank financing and capital leases (301,168) (279,575)
Proceeds from the sale of Class A Common Stock 487,883 0
Dividends paid on Class A and Class B Common Stock (34,744) (32,781)
Distributions to noncontrolling interests (18,048) (4,170)
Repurchase of outstanding Class A Common Stock 0 11,247
Other, net (3,798) (7,235)
Net cash flows from financing activities 293,214 272,547
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 536,063 (46,245)
CASH AND CASH EQUIVALENTS, beginning of period 259,984 149,972
CASH AND CASH EQUIVALENTS, end of period $ 796,047 $ 103,727