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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Reconciliation of Net Income (Loss) to Net Cash Provided by Operating Activities:    
Net income (loss) $ 12,239 $ (10,931)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 17,863 8,696
Program amortization 11,038 12,246
Amortization of deferred financing costs and original issue discount 913 438
Stock-based compensation 4,485 3,951
Provision for bad debts 58 952
Gain from FCC repack and other (2,485) (831)
(Gain) loss on equity method investment activity (20,818) 18,196
Amortization of operating lease right-of-use assets 416 361
Other non-cash acquisition charges 1,258  
Deferred tax expense (1,141) 306
Impairment of equity method investment   5,479
Decrease (increase) in:    
Accounts receivable 5,445 (3,648)
Due from related parties, net 404 1,078
Programming rights (17,537) (10,841)
Prepaids and other assets (9,095) 2,124
(Decrease) increase in:    
Accounts payable 6,445 3,595
Other accrued expenses 1,677 614
Programming rights payable (6,307) 4,147
Income taxes payable 719  
Other liabilities 271 205
Net cash provided by operating activities 5,848 36,137
Cash Flows From Investing Activities:    
Funding of equity method investments (4,453) (7,499)
Capital expenditures (3,199) (1,977)
FCC repack proceeds 2,444 1,041
Cash paid for acquisition of Pantaya (122,621)  
Net cash used in investing activities (127,829) (8,435)
Cash Flows From Financing Activities:    
Purchases of common stock (3,310) (510)
Repayments of long-term debt (1,862) (1,602)
Proceeds from incremental term loan 48,000  
Payment of financing fees (638)  
Net cash provided by (used in) financing activities 42,190 (2,112)
Net (decrease) increase in cash (79,791) 25,590
Cash:    
Beginning 134,471 92,151
Ending 54,680 117,741
Cash payments for:    
Interest 7,865 7,586
Income taxes 2,307 $ 1,112
Non-cash investing activity (acquisition related):    
Issuance of Class A Common Stock 2,188  
Effective settlement of pre-existing receivables and payables, net $ 1,499