XML 19 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (19,844) $ 3,148
Adjustments to reconcile net income to net cash provided by (used in) operating activities -    
Depreciation and amortization 2,190 651
Amortization of debt discount 291  
Provision for bad debts 390 103
Accretion of asset retirement obligation 382  
Provision for deferred income taxes 13,652 1,295
Noncash compensation   132
Loss on sale of property and equipment 82  
Changes in assets and liabilities -    
Accounts receivable 3,921 820
Prepaid expenses and other current assets 1,040 (1,099)
Other assets 1,602 528
Accounts payable and accrued liabilities (3,873) 609
Deferred revenue (176) 58
Income taxes   221
Other liabilities (87) (478)
Net cash provided by (used in) operating activities (430) 5,988
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (246) (148)
Net cash used in investing activities (246) (148)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of long-term debt (1,837)  
Proceeds from long-term debt 5,181  
Payments for debt-related costs (181)  
Net transactions with Emmis Communications Corp.   (5,840)
Net cash (used in) provided by financing activities 3,163 (5,840)
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 2,487 0
CASH, CASH EQUIVALENTS AND RESTRICTED CASH:    
Beginning of period 2,083 0
End of period 4,570 $ 0
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest $ 2,952