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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
4 Months Ended 8 Months Ended 12 Months Ended
May 01, 2019
USD ($)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Cash flows from operating activities:        
Net income (loss) $ 11,165,113 $ 113,299 $ (202,639) $ (458,711)
Income (loss) from discontinued operations, net of tax (1,685,123) 0 164,667 (197,297)
Reconciling items:        
Impairment charges 91,382 0 33,150 6,040
Depreciation and amortization 52,834 249,623 211,951 275,304
Deferred taxes 115,839 9,120 3,643 (177,105)
Provision for doubtful accounts 3,268 14,088 21,042 32,204
Amortization of deferred financing charges and note discounts, net 512 1,295 11,871 46,947
Non-cash Reorganization items, net (9,619,236) 0 252,392 0
Share-based compensation 498 26,377 2,066 2,488
(Gain) loss on disposal of operating and other assets (143) 4,539 3,233 (15,114)
Loss on investments 10,237 20,928 472 3,827
Equity in (earnings) loss of nonconsolidated affiliates 66 279 (116) 1,865
Barter and trade income (5,947) (12,961) (10,873) (36,725)
Other reconciling items, net (65) (9,154) (596) (931)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:        
(Increase) decrease in accounts receivable 117,263 (179,479) (35,464) (109,557)
(Increase) decrease in prepaid expenses and other current assets (24,044) 15,288 (2,055) (37,985)
(Increase) decrease in other long-term assets (7,098) 7,924 (13,755) (13,699)
Increase in accounts payable (156,885) 127,150 23,699 31,311
Increase in accrued interest 256 84,523 303,344 40,575
Increase (decrease) in deferred income 13,377 (8,441) (21,455) (13,260)
Increase (decrease) in other long-term liabilities (79,609) 4,507 (3,358) 636
Cash provided by (used for) operating activities from continuing operations (7,505) 468,905 741,219 (619,187)
Cash provided by (used for) operating activities from discontinued operations (32,681) 0 225,453 127,977
Net cash provided by (used for) operating activities (40,186) 468,905 966,672 (491,210)
Cash flows from investing activities:        
Proceeds from disposal of assets 99 8,046 19,152 10,938
Purchases of businesses (1,998) 0 (74,272) 0
Purchases of property, plant and equipment (36,197) (75,993) (85,245) (67,728)
Change in other, net (682) (5,331) (1,521) (3,380)
Cash used for investing activities from continuing operations (38,778) (73,278) (141,886) (60,170)
Cash used for investing activities from discontinued operations (222,366) 0 (203,592) (154,522)
Net cash used for investing activities (261,144) (73,278) (345,478) (214,692)
Cash flows from financing activities:        
Proceeds from long-term debt and credit facilities 269 1,250,007 143,332 100,000
Payments on long-term debt and credit facilities (8,294) (1,285,408) (622,677) (34,198)
Proceeds from Mandatorily Redeemable Preferred Stock 60,000 0 0 0
Settlement of intercompany related to discontinued operations (159,196) 0 0 0
Dividends and other payments to noncontrolling interests 0 (571) (1,078) (367)
Debt issuance costs 0 (19,983) 0 0
Change in other, net (5) (2,078) (79) (15,250)
Cash provided by (used for) financing activities from continuing operations (107,226) (58,033) (480,502) 50,185
Cash provided by (used for) financing activities from discontinued operations 51,669 0 (11,297) 101,150
Net cash provided by (used for) financing activities (55,557) (58,033) (491,799) 151,335
Effect of exchange rate changes on cash 562 15 (10,361) 10,141
Net increase (decrease) in cash, cash equivalents and restricted cash (356,325) 337,609 119,034 (544,426)
Cash, cash equivalents and restricted cash at beginning of period 430,334 74,009 311,300 855,726
Cash, cash equivalents and restricted cash at end of period 74,009 411,618 430,334 311,300
Less cash, cash equivalents and restricted cash of discontinued operations at end of period 0 0 202,869 188,310
Cash, cash equivalents and restricted cash of continuing operations at end of period 74,009 411,618 227,465 122,990
SUPPLEMENTAL DISCLOSURES:        
Cash paid during the year for interest 137,042 183,806 397,984 1,772,405
Cash paid during the year for taxes 22,092 5,759 34,203 35,505
Cash paid for Reorganization items, net $ 183,291 $ 18,360 $ 103,727 $ 0