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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 28, 2015
Dec. 28, 2014
Current assets    
Cash and cash equivalents $ 219,088 $ 118,484
Trade receivables, less allowance for doubtful accounts (2015 - $20,722; 2014 - $16,498) 858,038 912,004
Other receivables 36,212 72,763
Inventories 37,993 38,861
Deferred income taxes 167,950 158,648
Assets held for sale 211,479 69,998
Prepaid expenses and other current assets 85,637 109,707
Total current assets 1,616,397 1,480,465
Property, plant and equipment    
Cost 3,595,275 3,901,869
Less accumulated depreciation (2,219,824) (2,292,654)
Net property, plant and equipment 1,375,451 1,609,215
Intangible and other assets    
Goodwill 4,525,618 4,499,927
Indefinite-lived and amortizable intangible assets, less accumulated amortization 3,219,719 3,239,593
Deferred income taxes 58,741 63,647
Investments and other assets 297,843 312,608
Total intangible and other assets 8,101,921 8,115,775
Total assets [1] 11,093,769 11,205,455
Current liabilities    
Accounts payable and current portion of film contracts payable 227,706 281,784
Accrued expenses 502,710 564,628
Dividends payable 45,504 45,309
Income taxes 38,068 11,267
Deferred income 233,274 217,094
Current portion of long-term debt 7,854 7,854
Total current liabilities 1,055,116 1,127,936
Noncurrent liabilities    
Income taxes 57,762 56,578
Deferred income taxes 717,475 650,372
Long-term debt 4,453,202 4,488,028
Post-retirement medical and life insurance liabilities 91,110 97,648
Pension liabilities 787,734 941,715
Other noncurrent liabilities 291,244 333,435
Total noncurrent liabilities 6,398,527 6,567,776
Total liabilities [1] 7,453,643 7,695,712
Redeemable noncontrolling interest $ 12,815 $ 20,470
Commitments and contingent liabilities (See Note 13)    
TEGNA Inc. shareholders’ equity    
Preferred stock of $1 par value per share, 2,000,000 shares authorized, none issued $ 0 $ 0
Common stock of $1 par value per share, 800,000,000 shares authorized, 324,418,632 shares issued 324,419 324,419
Additional paid-in capital 524,094 546,406
Retained earnings 8,740,291 8,602,369
Accumulated other comprehensive loss (760,383) (778,769)
Stockholders' Equity before Treasury Stock, Total 8,828,421 8,694,425
Less treasury stock, at cost (2015 - 97,946,786 shares; 2014 - 97,679,541 shares) (5,461,276) (5,439,511)
Total TEGNA Inc. shareholders’ equity 3,367,145 3,254,914
Noncontrolling interests 260,166 234,359
Total equity 3,627,311 3,489,273
Total liabilities, redeemable noncontrolling interest and equity $ 11,093,769 $ 11,205,455
[1] Our consolidated assets as of Jun. 28, 2015 include total assets of $57.6 million related to variable interest entities (VIEs) and our consolidated assets as of Dec. 28, 2014, include $60.0 million of such assets. These assets can only be used to settle the obligations of the VIEs. Consolidated liabilities as of Jun. 28, 2015 include total liabilities of $2.9 million related to VIEs and our consolidated liabilities as of Dec. 28, 2014 include $4.3 million of such liabilities. The VIEs’ creditors have no recourse to TEGNA regarding these liabilities. See further description in Note 1 - Summary of significant accounting policies.