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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Reconciliation of Net Income (Loss) to Net Cash Provided by Operating Activities:    
Net income (loss) $ 33,381 $ (9,543)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 2,665 3,131
Program amortization 3,688 3,311
Amortization of deferred financing costs and original issue discount 148 147
Stock-based compensation 1,305 1,280
Provision for bad debts 24 600
Gain from FCC repack and other (52) (9)
(Gain) loss on equity method investment activity (32,609) 7,019
Amortization of operating lease right-of-use assets 120 115
Other non-cash acquisition charges 1,258  
Impairment of equity method investment   5,479
Decrease (increase) in:    
Accounts receivable 5,679 (543)
Due from related parties, net 39 580
Programming rights 1,313 (3,657)
Prepaids and other assets (4,091) (1,593)
(Decrease) increase in:    
Accounts payable 667 612
Other accrued expenses 3,799 1,060
Programming rights payable (87) 2,267
Income taxes payable 631  
Other liabilities (100) (75)
Net cash provided by operating activities 17,778 10,181
Cash Flows From Investing Activities:    
Funding of equity method investments (861) (6,449)
Capital expenditures (2,413) (349)
Net cash of acquired business 984  
FCC repack proceeds 52 9
Net cash used in investing activities (2,238) (6,789)
Cash Flows From Financing Activities:    
Repayments of long-term debt (534) (534)
Purchases of common stock (2,451)  
Proceeds from incremental term loan 48,000  
Payment of financing fees (638)  
Net cash provided by (used) in financing activities 44,377 (534)
Net increase (decrease) in cash 59,917 2,858
Cash:    
Beginning 134,471 92,151
Ending 194,388 95,009
Cash payments for:    
Interest 2,301 2,767
Income taxes   $ 2
Non-cash investing activity (acquisition related):    
Payable for acquisition of Pantaya 123,605  
Issuance of Class A Common Stock 2,188  
Effective settlement of pre-existing receivables and payables, net $ 1,709