v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES:      
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest $ (362,587,000) $ 233,013,000 $ 38,065,000
NET INCOME (LOSS) (361,435,000) 233,849,000 38,065,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 44,288,000 15,546,000 9,793,000
Amortization of deferred financing costs 327,000 1,371,000 2,897,000
Net deferred taxes (benefit) and other (60,470,000) (263,552,000) 14,688,000
Tax benefit on exercise of options 0 0 0
Provision for bad debts 8,909,000 3,715,000 1,330,000
Net (gain) loss on sale or disposal of assets (12,158,000) 11,853,000 (1,621,000)
Non-cash stock-based compensation expense 15,149,000 9,567,000 6,539,000
Net (gain) loss on investments 0 0 0
Net (gain) loss on derivatives 0 0 0
Deferred rent 5,345,000 324,000 138,000
Unearned revenue - long-term 0 0 0
Net (gain) loss on extinguishment of debt 0 4,135,000 (10,858,000)
Deferred compensation (1,357,000) 4,247,000 1,683,000
Tax benefit for vesting of restricted stock unit awards 0 0 0
Impairment loss 493,988,000 952,000 254,000
Net accretion expense for asset retirement obligations 60,000 37,000 27,000
Changes in assets and liabilities:      
Accounts receivable 1,777,000 (14,127,000) (4,202,000)
Prepaid expenses and deposits 1,431,000 14,267,000 (1,368,000)
Accounts payable and accrued liabilities 1,217,000 8,370,000 (739,000)
Accrued interest expense (6,278,000) 4,169,000 40,000
Accrued liabilities - long-term (27,216,000) (2,738,000) (1,894,000)
Prepaid expenses - long-term 0 (2,874,000) (4,458,000)
Net cash provided by (used in) operating activities 102,249,000 29,112,000 72,030,000
INVESTING ACTIVITIES:      
Additions to property and equipment (29,837,000) (20,530,000) (7,336,000)
Proceeds from sale of property, equipment, intangibles and other assets 185,761,000 60,505,000 7,974,000
Purchases of radio station assets (71,434,000) (24,000,000) (92,000)
Payments To Acquire non-amortizable intangible assets 0 0 (112,000)
Purchases of investments (1,250,000) (9,700,000) 0
Proceeds from investments and capital projects 70,187,000 0 0
Consolidation of a VIE 0 (302,000) 302,000
Payments to Acquire amortizable intangible assets (11,949,000) (663,000) (241,000)
Proceeds from Sale of radio stations 0 12,000,000 0
Net cash provided by (used in) investing activities 141,478,000 17,310,000 495,000
FINANCING ACTIVITIES:      
Proceeds from issuance of long-term debt 0 500,000,000 480,000,000
Proceeds from the financing method of lease obligations 0 0 102,000
Payments of long-term debt (81,348,000) (669,750,000) (293,266,000)
Retirement of senior subordinated notes 0 0 (220,000,000)
Purchase of the Company's common stock (30,040,000) (10,042,000) 0
Proceeds from issuance of employee stock plan 1,428,000 182,000 379,000
Proceeds from the exercise of stock options 153,000 42,000 265,000
Purchase of vested employee restricted stock units (5,186,000) (2,565,000) (2,268,000)
Payment of dividend equivalents on vested restricted stock units (873,000) (1,556,000) (94,000)
Payment of dividends on common stock (49,770,000) (29,296,000) (8,666,000)
Payment of fees associated with the issuance of preferred stock 0 0 0
Payments of dividends on preferred stock 0 (2,574,000) (1,788,000)
ProceedsFromShortTermDebt 80,000,000 200,500,000 24,500,000
PaymentsOfDebtIssuanceCosts 0 (16,302,000) (8,038,000)
PaymentsOfDebtExtinguishmentCosts 0 0 (5,977,000)
Payments for early retirement of Preferred 0 (27,737,000) 0
Net cash provided by (used in) financing activities (85,636,000) (59,098,000) (34,851,000)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 158,091,000 (12,676,000) 37,674,000
Cash paid during the period for:      
Interest 96,843,000 24,813,000 34,568,000
Income taxes 54,217,000 2,030,000 381,000
Dividends on common stock 49,770,000 29,296,000 8,666,000
Dividends on preferred stock $ 0 $ 2,574,000 $ 1,788,000