v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES:    
Net income (loss) available to the Company $ 67,323 $ 25,511
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 33,252 29,745
Net amortization of deferred financing costs (net of original issue discount and debt premium) (21) 242
Net deferred taxes (benefit) and other 1,596 (42,424)
Provision for bad debts 3,354 8,679
Net (gain) loss on sale or disposal of assets (2,683) (10,856)
Non-cash stock-based compensation expense 10,131 11,421
Net (gain) loss on extinguishment of debt 1,781 0
Deferred compensation 3,956 2,262
Impairment loss 0 28,988
Accretion expense (income), net of asset retirement obligation adjustments 48 44
Changes in assets and liabilities (net of effects of acquisitions, dispositions, consolidation, and deconsolidation of Variable Interest Entities (VIEs)):    
Accounts receivable (22,715) 26,699
Prepaid expenses and deposits (4,765) 2,472
Accounts payable and accrued liabilities 5,951 26,475
Accrued interest expense 15,729 1,532
Accrued liabilities - long-term (8,393) (17,610)
Net cash provided by (used in) operating activities 104,544 93,180
INVESTING ACTIVITIES:    
Additions to property and equipment (61,572) (23,605)
Proceeds from sale of property, equipment, intangibles and other assets 27,818 181,875
Purchases of radio station assets (15,767) (71,434)
Payments to Acquire amortizable intangible assets (2,003) (2,350)
Purchases of investments (1,500) (1,250)
Proceeds from sale of property reflected as restricted cash 0 70,187
Net cash provided by (used in) investing activities (53,024) 153,423
FINANCING ACTIVITIES:    
Borrowing under the revolving senior debt 159,000 83,325
Net proceeds from the notes 325,000 0
Payments of long-term debt (425,000) (10,018)
Payments of revolving senior debt (205,000) (21,325)
Payment for debt issuance costs (3,910) 0
Proceeds from issuance of employee stock plan 1,031 1,051
Proceeds from the exercise of stock options 244 68
Purchase of vested employee restricted stock units (2,730) (5,179)
Payment of dividends on common stock (27,594) (37,403)
Payment of dividend equivalents on vested restricted stock units (1,144) (870)
Repurchase of common stock (18,340) (20,012)
Net cash provided by (used in) financing activities (198,443) (10,363)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (146,923) 236,240
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 192,258 34,167
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 45,335 270,407
Cash paid during the period for:    
Interest 61,163 76,042
Income taxes 18,481 18,821
Dividends on common stock 27,594 37,403
Tenant improvement allowance receivables $ 5,508 $ 2,334