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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES:      
NET INCOME (LOSS) $ (420,212,000) $ (361,435,000) $ 231,834,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 45,331,000 44,288,000 15,546,000
Net amortization of deferred financing costs (net of original issue discount and debt premium) 157,000 327,000 1,371,000
Net deferred taxes (benefit) and other 5,407,000 (61,798,000) (263,551,000)
Provision for bad debts 4,549,000 8,909,000 3,715,000
Net (gain) loss on sale or disposal of assets (7,640,000) (12,158,000) 11,853,000
Non-cash stock-based compensation expense 15,882,000 15,149,000 9,567,000
Net loss on extinguishment of debt 2,046,000 0 4,135,000
Deferred compensation 6,118,000 (1,357,000) 4,247,000
Impairment loss 545,457,000 493,988,000 952,000
Accretion expense (income), net of asset retirement obligation adjustments 65,000 60,000 37,000
Changes in assets and liabilities (net of effects of acquisitions, dispositions, consolidation, and deconsolidation of Variable Interest Entities (VIEs)):      
Accounts receivable (30,856,000) 1,777,000 (14,127,000)
Prepaid expenses, deposits and other (283,000) 1,431,000 14,267,000
Accounts payable, accrued expenses and other current liabilities (27,777,000) 1,217,000 8,370,000
Accrued interest expense 3,875,000 (6,278,000) 4,169,000
Accrued liabilities - long-term (9,931,000) (21,871,000) (2,414,000)
Prepaid expenses - long-term 0 0 (2,874,000)
Net cash provided by (used in) operating activities 132,188,000 102,249,000 29,112,000
INVESTING ACTIVITIES:      
Additions to property and equipment (70,476,000) (29,837,000) (20,530,000)
Proceeds from sale of property, equipment, intangibles and other assets 29,321,000 185,761,000 60,505,000
Purchases of audio assets (40,136,000) (71,434,000) (24,000,000)
Additions to amortizable intangible assets (7,425,000) (11,949,000) (663,000)
Purchases of investments (1,800,000) (1,250,000) (9,700,000)
Proceeds from sale of property reflected as restricted cash 0 70,187,000 0
(Deconsolidation) consolidation of a VIE 0 0 (302,000)
Proceeds from disposition of radio stations 0 0 12,000,000
Net cash provided by (used in) investing activities (90,516,000) 141,478,000 17,310,000
FINANCING ACTIVITIES:      
Proceeds from issuance of long-term debt 430,000,000 0 500,000,000
Borrowing under the revolving senior debt 194,000,000 80,000,000 200,500,000
Payments of long-term debt (521,700,000) (81,348,000) (669,750,000)
Payments of revolving senior debt (257,000,000) 0 0
Payment for debt issuance costs (7,691,000) 0 (16,302,000)
Proceeds from issuance of employee stock plan 1,329,000 1,428,000 182,000
Retirement of perpetual cumulative convertible preferred stock 0 0 (27,737,000)
Proceeds from the exercise of stock options 244,000 153,000 42,000
Purchase of vested employee restricted stock units (2,905,000) (5,186,000) (2,565,000)
Payment of dividends on common stock (30,273,000) (49,770,000) (29,296,000)
Payment of dividend equivalents on vested restricted stock units (1,201,000) (873,000) (1,556,000)
Repurchase of common stock (18,340,000) (30,040,000) (10,042,000)
Payment of dividends on preferred stock 0 0 (2,574,000)
Net cash provided by (used in) financing activities (213,537,000) (85,636,000) (59,098,000)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (171,865,000) 158,091,000 (12,676,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 192,258,000 34,167,000 46,843,000
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 20,393,000 192,258,000 34,167,000
Cash paid during the period for:      
Interest 101,155,000 96,843,000 24,813,000
Income taxes 39,100,000 54,217,000 2,030,000
Dividends on common stock 30,273,000 49,770,000 29,296,000
Dividends on preferred stock $ 0 $ 0 $ 2,574,000