XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 72,685 $ 127,564
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 66,343 61,549
Amortization of unfavorable contracts liability (18,900) (18,900)
Write-off and loss on assets 1,446 111
Gain on trading securities related to deferred compensation (199) (143)
Provision for doubtful accounts receivable 2,561 2,177
Deferred income taxes 8,388 (34)
Share-based compensation 1,493  
Amortization of debt issuance costs 463  
Increase (decrease) in operating assets and liabilities 12,916 (31,888)
Net cash flow provided by operating activities 147,196 140,436
Cash flows from investing activities:    
Purchase of property and equipment (27,631) (7,387)
Purchase of investments   (2,216)
Payment for acquisition, net of cash acquired   (114,945)
Proceeds from sale of property and equipment   15
Net cash used in investing activities (27,631) (124,533)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 675,000  
Payments of debt issuance costs and other fees (6,208)  
Payments of long-term debt (50,625)  
Cash distribution to TEGNA related to Separation (650,000)  
Transactions with TEGNA, net (69,200) (11,283)
Net cash used in financing activities (101,033) (11,283)
Increase in cash and cash equivalents 18,532 4,620
Cash and cash equivalents at beginning of period 8,896 100
Cash and cash equivalents at end of period 27,428 4,720
Supplemental non-cash information:    
Purchases of property and equipment in accrued liabilities and accounts payable 3,050 $ 50
Supplemental cash flow information:    
Cash paid for income taxes, net of refunds 5,726  
Cash paid for interest $ 6,826