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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net income $ 195,902 $ 122,712 $ 269,333
Income from discontinued operations, net of tax 0 6,813 115,769
Income from continuing operations, net of tax 195,902 115,899 153,564
Adjustments to reconcile net income from continuing operations to net cash flows from operating activities:      
Depreciation and amortization 160,433 161,922 107,155
Losses (gains), net on disposal of property and equipment 5,866 (30,275) 661
Gain (loss) on extinguishment of debt (8,589) 15,347 0
Gain on sale of Triton business 0 (81,784) 0
Losses on stock warrant 0 99,118 0
Programming assets and liabilities (27,144) (59,233) (16,966)
Restructuring impairment charges 0 7,050 0
Deferred income taxes 12,915 9,725 80,641
Stock and deferred compensation plans 19,461 25,963 17,859
Pension contributions, net of income/expense (29,196) (24,707) (29,687)
Other changes in certain working capital accounts, net (35,800) (4,221) 34,094
Miscellaneous, net 17,575 (3,867) 8,009
Net cash provided by operating activities from continuing operations 311,423 230,937 355,330
Net cash provided by (used in) operating activities from discontinued operations 0 6,063 (77,936)
Net operating activities 311,423 237,000 277,394
Cash Flows from Investing Activities:      
Acquisitions, net of cash acquired (13,797) (2,677,755) (7,103)
Proceeds from sale of Triton Digital, net of cash disposed 0 224,990 0
Proceeds from sale of WPIX television station 0 0 83,738
Additions to property and equipment (45,792) (60,744) (44,949)
Acquisition of intangible assets 0 (430) (1,883)
Purchase of investments (7,373) (12,030) (8,309)
Proceeds from FCC repack 2,670 20,062 28,365
Miscellaneous, net (2,101) 39,911 5,319
Net cash provided by (used in) investing activities from continuing operations (66,393) (2,465,996) 55,178
Net cash provided by investing activities from discontinued operations 0 10,000 262,244
Net investing activities (66,393) (2,455,996) 317,422
Cash Flows from Financing Activities:      
Proceeds from issuance of long-term debt 0 800,000 1,050,000
Proceeds from issuance of preferred stock 0 600,000 0
Payments on long-term debt (278,095) (580,999) (10,612)
Premium paid on debt extinguishment 0 (11,106) 0
Payments for capitalized preferred stock issuance costs 0 (11,526) 0
Payments on financing costs 0 (50,597) 0
Dividends paid on common and preferred stock (48,000) (45,067) (16,574)
Tax payments related to shares withheld for vested stock and RSUs (8,872) (7,174) (2,881)
Miscellaneous, net 7,484 (56) (21,754)
Net cash provided by (used in) financing activities from continuing operations (327,483) 693,475 998,179
Effect of foreign exchange rates on cash, cash equivalents and restricted cash 0 (20) 58
Increase (decrease) in cash, cash equivalents and restricted cash (82,453) (1,525,541) 1,593,053
Cash, cash equivalents and restricted cash:      
Beginning of year 100,480 1,626,021 32,968
End of year 18,027 100,480 1,626,021
Supplemental Cash Flow Disclosures      
Interest paid 150,796 126,257 82,532
Income taxes paid (refunded) 61,744 102,473 (13,222)
Non-cash investing and financing information      
Capital expenditures included in accounts payable 2,254 4,145 2,511
Accrued debt issuance costs $ 0 $ 0 $ 45,243