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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows From Operating Activities:    
Net income (loss) $ 11,031 $ (2,138)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 25,504 11,472
Programming amortization 15,295 16,841
Amortization of deferred financing costs and original issue discount 1,297 582
Stock-based compensation 6,125 5,282
Provision for bad debts 87 922
Gain from FCC spectrum repack and other (2,638) (953)
Deferred income tax (benefit) expense (77) 1,587
(Gain) loss on equity method investments (17,679) 22,258
Amortization of operating lease right-of-use assets 561 554
Other non-cash acquisition charges 1,258  
Impairment of equity method investment 0 5,479
Impairment of goodwill and intangibles 0 2,784
(Increase) decrease in:    
Accounts receivable 5,322 (7,608)
Due from related parties, net 1,016 662
Programming rights (26,125) (12,077)
Prepaid expenses and other assets (17,389) 810
Increase (decrease) in:    
Accounts payable 6,376 425
Other accrued expenses 2,240 6,060
Programming rights payable (6,990) 1,213
Income taxes payable (880) 2,233
Other liabilities 146 (409)
Net cash provided by operating activities 4,480 55,979
Cash Flows From Investing Activities:    
Funding of equity method investments (6,803) (9,364)
Capital expenditures (4,156) (2,386)
FCC spectrum repack proceeds 2,597 1,157
Cash paid for acquisition of Pantaya, net of cash acquired (122,621)  
Net cash used in investing activities (130,983) (10,593)
Cash Flows From Financing Activities:    
Purchases of common stock (3,327) (932)
Repayments of long-term debt (2,526) (2,134)
Proceeds from incremental term loan 48,000  
Payment of financing fees (638)  
Net cash provided by (used in) financing activities 41,509 (3,066)
Net (decrease) increase in cash (84,994) 42,320
Cash:    
Beginning 134,471 92,151
Ending 49,477 134,471
Cash payments for:    
Interest 10,648 9,949
Income taxes 3,835 $ 2,463
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