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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES:    
Net income $ 69,962 $ 2,018
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Amortization and impairments of content production assets 11,970 14,662
Depreciation and amortization 24,319 16,022
Other amortization 8,839 6,956
Loss on equity investments, net 3,773 2,640
Services provided in exchange for equity instruments (231) (1,081)
Stock-based compensation 20,054 24,492
Provision for deferred income taxes 2,671 505
Other non-cash adjustments 9,642 1,466
Cash (used in)/provided by changes in operating assets and liabilities:    
Accounts receivable (6,228) (53,274)
Inventory 399 142
Prepaid expenses and other assets 6,729 1,781
Content production assets (14,675) (15,728)
Accounts payable, accrued expenses and other liabilities (3,831) (8,588)
Deferred income 7,310 7,141
Net cash provided by (used in) operating activities 140,703 (846)
INVESTING ACTIVITIES:    
Purchases of property and equipment and other assets (15,369) (36,733)
Purchases of short-term investments (30,987) (63,647)
Proceeds from sales and maturities of short-term investments 67,685 58,848
Purchase of investment securities (80) (1,006)
Net cash provided by (used in) investing activities 21,249 (42,538)
FINANCING ACTIVITIES:    
Repayment of long-term debt (2,601) (2,538)
Repayment of finance leases (5,399) (4,109)
Dividends paid (18,579) (18,732)
Debt issuance costs   (672)
Proceeds from borrowings under Revolving Credit Facility 200,000  
Taxes paid related to net settlement upon vesting of equity awards (2,620) (242)
Proceeds from issuance of stock 1,412 1,378
Repurchase and retirement of common stock   (921)
Net cash provided by (used in) financing activities 172,213 (25,836)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 334,165 (69,220)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 90,447 167,457
CASH AND CASH EQUIVALENTS, END OF PERIOD 424,612 98,237
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Purchases of property and equipment recorded in accounts payable and accrued expenses (See Note 12) $ 3,389 $ 13,760