XML 19 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Reconciliation of Net Loss to Net Cash Provided by Operating Activities:    
Net loss $ (4,081) $ (12,665)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 6,623 8,017
Program amortization 6,953 5,537
Amortization of deferred financing costs and original issue discount 290 296
Stock-based compensation 1,360 1,998
Provision for bad debts 219 129
Gain on disposition of assets 39 (38)
Loss on equity method investments 17,160 18,621
Gain from FCC spectrum repack (1,546)  
Amortization of operating lease right-of-use assets 228  
Decrease (increase) in:    
Accounts receivable (1,322) (5,599)
Programming rights (6,046) (9,263)
Prepaids and other assets (2,807) 355
(Decrease) increase in:    
Accounts payable (168) 708
Due to related parties, net (233) 907
Other accrued expenses (5,594) (1,970)
Programming rights payable 1,280 1,600
Income taxes payable (2,265)  
Other liabilities 1,741 90
Net cash provided by operating activities 11,831 8,723
Cash Flows From Investing Activities:    
Funding of equity method investments (21,931) (24,878)
Capital expenditures (4,303) (6,172)
FCC spectrum repack proceeds 1,546  
Net cash used in investing activities (24,688) (31,050)
Cash Flows From Financing Activities:    
Repayments of long-term debt (1,067) (2,133)
Purchases of common stock (1,180) (1,881)
Proceeds from exercise of warrants   20
Proceeds from exercise of options 107  
Net cash used in financing activities (2,140) (3,994)
Net decrease in cash (14,997) (26,321)
Cash:    
Beginning 94,478 124,299
Ending 79,481 97,978
Cash payments for:    
Interest 6,979 $ 5,659
Income taxes 6,343  
Non-cash investing activity:    
Acquisition financed in part by treasury shares $ 588