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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net income (loss) $ 24,666 $ (28,943)
Loss from discontinued operations, net of tax (14,597) (14,087)
Income (loss) from continuing operations before income tax 39,263 (14,856)
Adjustments to reconcile net income (loss) from continuing operations to net cash flows from operating activities:    
Depreciation and amortization 80,846 58,199
(Gains) losses, net on disposal of property and equipment 728 306
Programming assets and liabilities (31,960) 7,654
Deferred income taxes 32,019 (2,651)
Stock and deferred compensation plans 12,233 11,368
Pension expense, net of contributions (27,218) (9,630)
Other changes in certain working capital accounts, net 58,416 (30,758)
Miscellaneous, net 14,000 8,537
Net Cash Provided by Operating Activities, Continuing Operations 178,327 28,169
Net cash used in operating activities from discontinued operations (18,528) (17,162)
Net operating activities 159,799 11,007
Cash Flows from Investing Activities:    
Acquisitions, net of cash acquired 2,500 (1,190,631)
Acquisition of intangible assets (1,480) (24,475)
Additions to property and equipment (38,086) (41,667)
Purchase of investments (5,453) (1,453)
Proceeds from FCC repack 19,164 3,965
Miscellaneous, net 3,980 (41)
Net cash used in investing activities from continuing operations (19,375) (1,254,302)
Net cash used in investing activities from discontinued operations (333) (108)
Net investing activities (19,708) (1,254,410)
Cash Flows from Financing Activities:    
Net borrowings under revolving credit facility 0 20,000
Proceeds from issuance of long-term debt 0 1,261,175
Payments on long-term debt (7,959) (6,075)
Deferred financing costs 0 (31,295)
Dividends paid (12,415) (12,274)
Repurchase of Class A Common shares 0 (584)
Tax payments related to shares withheld for vested stock and RSUs (2,323) (3,716)
Miscellaneous, net (21,837) (4,437)
Net cash provided by (used in) financing activities from continuing operations (44,534) 1,222,794
Effect of foreign exchange rates on cash and cash equivalents 23 2
Increase (decrease) in cash and cash equivalents 95,580 (20,607)
Cash and cash equivalents:    
Beginning of year 32,968 107,114
End of period 128,548 86,507
Supplemental Cash Flow Disclosures    
Interest paid 65,581 41,965
Income taxes paid 434 11,878
Non-cash investing information    
Capital expenditures included in accounts payable $ 2,015 $ 1,587