v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES:    
Net income (loss) available to the Company $ 29,116 $ (11,437)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 22,069 19,137
Net amortization of deferred financing costs 97 159
Net deferred taxes (benefit) and other (3,752) (2,055)
Provision for bad debts 1,819 5,713
Net (gain) loss on sale or disposal of assets (2,914) (315)
Non-cash stock-based compensation expense 6,966 7,653
Net (gain) loss on extinguishment of debt 1,781 0
Deferred compensation 3,767 972
Impairment loss 0 28,988
Accretion expense (income), net of asset retirement obligation adjustments 34 31
Changes in assets and liabilities (net of effects of acquisitions, dispositions, consolidation, and deconsolidation of Variable Interest Entities (VIEs)):    
Accounts receivable 20,232 42,115
Prepaid expenses and deposits (7,739) (15,930)
Accounts payable and accrued liabilities (8,528) (20,981)
Accrued interest expense 3,104 (5,090)
Accrued liabilities - long-term (7,561) (13,666)
Prepaid expenses - long-term 0 89
Net cash provided by (used in) operating activities 58,297 35,383
INVESTING ACTIVITIES:    
Additions to property and equipment (38,710) (17,023)
Proceeds from sale of property, equipment, intangibles and other assets 24,692 476
Purchases of radio station assets 0 (15,000)
Payments to Acquire amortizable intangible assets (2,003) (1,963)
Purchases of investments (1,500) (1,250)
Net cash provided by (used in) investing activities (17,521) (34,760)
FINANCING ACTIVITIES:    
Borrowing under the revolving senior debt 119,000 83,325
Net proceeds from the notes 325,000 0
Payments of long-term debt (615,000) (27,997)
Payment for debt issuance costs (3,910) 0
Proceeds from issuance of employee stock plan 743 709
Proceeds from the exercise of stock options 242 65
Purchase of vested employee restricted stock units (2,726) (5,172)
Payment of dividends on common stock (24,917) (24,916)
Payment of dividend equivalents on vested restricted stock units (1,137) (866)
Purchase of the Company's common stock 0 (20,012)
Net cash provided by (used in) financing activities (202,703) 5,136
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (161,927) 5,759
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 192,258 34,167
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 30,331 39,926
Cash paid during the period for:    
Interest 47,794 37,726
Income taxes 14,546 18,836
Dividends on common stock 24,917 24,916
Tenant improvement allowance receivables $ 3,304 $ 1,045