XML 18 R6.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
 2 Months Ended 4 Months Ended 6 Months Ended
Jun. 30, 2019
USD ($)
May 01, 2019
USD ($)
Jun. 30, 2018
USD ($)
Cash flows from operating activities:      
Net income (loss) $ 38,793 $ 11,165,113 $ (499,330)
(Income) loss from discontinued operations 0 (1,685,123) 157,477
Reconciling items:      
Impairment charges 0 91,382 0
Depreciation and amortization 59,383 52,834 132,251
Deferred taxes 13,056 115,839 (27,271)
Provision for doubtful accounts 3,081 3,268 12,642
Amortization of deferred financing charges and note discounts, net 216 512 11,871
Non-cash Reorganization items, net 0 (9,619,236) 254,920
Share-based compensation 3,039 498 1,172
(Gain) loss on disposal of operating and other assets (3,960) (143) 2,143
(Gain) loss on investments 0 10,237 (9,175)
Equity in loss of nonconsolidated affiliates 24 66 63
Barter and trade income (1,934) (5,947) (2,607)
Other reconciling items, net 73 (65) (568)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
(Increase) decrease in accounts receivable (108,613) 117,263 55,188
Increase in prepaid expenses and other current assets (14,773) (24,044) (13,770)
Increase (decrease) in accrued expenses 18,006 (123,971) (31,775)
Increase (decrease) in accounts payable 2,995 (32,914) 14,660
Increase in accrued interest 69,294 256 301,399
Increase (decrease) in deferred income 4,745 13,377 (3,403)
Changes in other operating assets and liabilities (224) (86,707) 4,298
Cash provided by (used for) operating activities from continuing operations 83,201 (7,505) 360,185
Cash provided by (used for) operating activities from discontinued operations 0 (32,681) 84,172
Net cash provided by (used for) operating activities 83,201 (40,186) 444,357
Cash flows from investing activities:      
Purchases of property, plant and equipment (17,435) (36,197) (27,306)
Proceeds from disposal of assets 471 99 832
Change in other, net (823) (2,680) 6,452
Cash provided by (used for) investing activities from continuing operations (17,787) (38,778) (20,022)
Cash provided by (used for) investing activities from discontinued operations 0 (222,366) (58,263)
Net cash used for investing activities (17,787) (261,144) (78,285)
Cash flows from financing activities:      
Draws on credit facilities 0 0 143,332
Payments on credit facilities 0 0 (133,308)
Proceeds from long-term debt 0 269 0
Payments on long-term debt 0 (8,294) (363,442)
Proceeds from Mandatorily Redeemable Preferred Stock 0 60,000 0
Settlement of intercompany related to discontinued operations 0 (159,196) 0
Dividends and other payments to noncontrolling interests (571) 0 (4,862)
Change in other, net (113) (5) (14)
Cash provided by (used for) financing activities from continuing operations (684) (107,226) (358,294)
Cash provided by (used for) financing activities from discontinued operations 0 51,669 (2,527)
Net cash provided by (used for) financing activities (684) (55,557) (360,821)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 11 562 (4,699)
Net increase in cash, cash equivalents and restricted cash 64,741 (356,325) 552
Cash, cash equivalents and restricted cash at beginning of period 74,009 430,334 311,300
Cash, cash equivalents and restricted cash at end of period 138,750 74,009 311,852
Less cash, cash equivalents and restricted cash of discontinued operations at end of period 0 0 219,196
Cash, cash equivalents and restricted cash of continuing operations at end of period 138,750 74,009 92,656
SUPPLEMENTAL DISCLOSURES:      
Cash paid for interest 430 137,042 206,948
Cash paid for income taxes 1,549 22,092 23,375
Cash paid for Reorganization items, net $ 13,049 $ 183,291 $ 5,875