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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Reconciliation of Net (loss) income to Net Cash Provided by Operating Activities:    
Net (loss) income $ (17,139) $ 27,040
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 10,964 7,002
Programming amortization 10,783 7,353
Amortization of deferred financing costs and original issue discount 762 530
Stock-based compensation 2,197 2,795
Provision for bad debts 30 49
Gain from FCC spectrum repack and other (141) (2,176)
Deferred tax expense (3,106)  
Loss (gain) on equity method investment activity 2,489 (24,040)
Amortization of operating lease right-of-use assets 344 276
Other non-cash acquisition charges   1,258
Decrease (increase) in:    
Accounts receivable 385 836
Due from related parties, net (776) 538
Programming rights (22,010) (12,102)
Prepaids and other assets (6,401) (2,923)
(Decrease) increase in:    
Accounts payable (198) 9,104
Other accrued expenses 6,589 5,335
Programming rights payable (1,111) (3,884)
Income taxes payable (931) 2,588
Other liabilities 223 320
Net cash (used in) provided by operating activities (17,047) 19,899
Cash Flows From Investing Activities:    
Funding of equity method investments (256) (1,561)
Capital expenditures (1,911) (2,853)
FCC repack proceeds 26 2,176
Cash paid for acquisition of Pantaya   (122,621)
Net cash used in investing activities (2,141) (124,859)
Cash Flows From Financing Activities:    
Purchases of common stock (67) (3,266)
Repayments of long-term debt (1,328) (1,168)
Proceeds from incremental term loan   48,000
Payment of financing fees   (638)
Net cash (used in) provided by financing activities (1,395) 42,928
Net decrease in cash (20,583) (62,032)
Cash:    
Beginning 49,477 134,471
Ending 28,894 72,439
Cash payments for:    
Interest 5,449 5,073
Income taxes $ 4,077 1,520
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