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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ 11,211 $ (33,852)
Income (loss) from discontinued operations, net of tax 6,495 (9,142)
Income (loss) from continuing operations, net of tax 4,716 (24,710)
Adjustments to reconcile net income (loss) from continuing operations to net cash flows from operating activities:    
Depreciation and amortization 80,258 53,990
Losses (gains), net on disposal of property and equipment 155 2,740
Loss on extinguishment of debt 13,775 0
Gains on sale of business (81,784) 0
Losses on stock warrants 99,118 0
Programming assets and liabilities (47,490) (10,662)
Restructuring impairment charges 7,050 0
Deferred income taxes 7,437 9,933
Stock and deferred compensation plans 18,384 7,446
Pension contributions, net of income/expense (12,597) (3,282)
Other changes in certain working capital accounts, net (3,029) 37,740
Miscellaneous, net 6,185 8,287
Net cash provided by operating activities from continuing operations 92,178 81,482
Net cash used in operating activities from discontinued operations (1,935) (7,223)
Net operating activities 90,243 74,259
Cash Flows from Investing Activities:    
Acquisitions, net of cash acquired (2,679,798) 2,500
Proceeds from Divestiture of Businesses, Net of Cash Divested 224,990 0
Acquisition of intangible assets (430) (1,041)
Additions to property and equipment (27,984) (26,950)
Purchase of investments (1,431) (5,361)
Proceeds from FCC repack 14,190 9,427
Miscellaneous, net 44 773
Net cash used in investing activities from continuing operations (2,470,419) (20,652)
Net cash used in investing activities from discontinued operations 0 (333)
Net investing activities (2,470,419) (20,985)
Cash Flows from Financing Activities:    
Net borrowings under revolving credit facility 0 50,000
Proceeds from issuance of long-term debt 800,000 0
Proceeds from issuance of preferred stock 600,000 0
Payments on long-term debt (459,306) (5,306)
Premium paid on debt extinguishment (10,252) 0
Payments on financing costs (50,597) 0
Payments for capitalized preferred stock issuance costs (11,526) 0
Dividends paid on common and preferred stock (21,067) (8,259)
Tax payments related to shares withheld for vested stock and RSUs (6,604) (2,292)
Miscellaneous, net (517) (21,438)
Net cash provided by financing activities from continuing operations 840,131 12,705
Effect of foreign exchange rates on cash and cash equivalents (20) (14)
Increase (decrease) in cash and cash equivalents (1,540,065) 65,965
Cash and cash equivalents:    
Beginning of year 1,626,021 32,968
End of period 85,956 98,933
Supplemental Cash Flow Disclosures    
Interest paid 54,928 43,918
Income taxes paid (refunded) 54,215  
Income taxes paid (refunded)   124
Non-cash investing information    
Capital expenditures included in accounts payable $ 2,067 $ 2,512