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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 405,665 $ 215,046 $ 487,999
Adjustments to reconcile net income to operating cash flows:      
Depreciation 55,949 74,637 89,531
Amortization of intangible assets 30,838 61,870 114,959
Stock-based compensation 12,531 17,098 17,590
Loss on sale of CareerBuilder 0 342,900 0
Provision (benefit) for deferred income taxes 17,258 (296,820) 16,535
Equity (income) loss in unconsolidated investees, net (13,792) (10,462) 7,170
Other, including (gains) losses on sale of assets and impairments (4,991) 19,803 42,067
Changes in operating assets and liabilities:      
(Increase) decrease in trade receivables (5,351) 14,541 (32,046)
Increase (decrease) in accounts payable 29,357 (21,474) (1,506)
Increase (decrease) in interest and taxes payable 22,895 (29,977) (7,771)
Increase (decrease) in deferred revenue 898 (3,888) (20,004)
Pension (contributions), net of expense (42,015) (13,276) 3,257
Spectrum channel share proceeds 0 32,588 0
Changes in other assets and liabilities, net 17,967 (13,157) (39,080)
Net cash flows from operating activities 527,209 389,429 678,701
Cash flows from investing activities      
Purchase of property and equipment (65,230) (76,886) (94,796)
Reimbursement from spectrum repacking 7,400 0 0
Payments for acquisitions, net of cash acquired (328,433) 0 (206,078)
Payments for investments (11,677) (6,405) (20,797)
Proceeds from investments 7,189 37,880 40,409
Proceeds from sale of businesses and assets 16,335 205,188 8,441
Proceeds from insurance settlements 0 16,454 0
Net cash (used for) provided by investing activities (374,416) 176,231 (272,821)
Cash flows from financing activities      
Proceeds from (payments of) borrowings under revolving credit facilities, net 50,000 (635,000) (85,000)
Proceeds from Cars.com borrowings 0 675,000 0
Proceeds from borrowings 0 0 300,000
Debt repayments (121,146) (412,246) (352,590)
Payments for debt issuance and premiums for early redemption costs (5,269) (9,795) (1,684)
Dividends paid (60,290) (90,170) (121,639)
Repurchases of common stock (5,831) (23,480) (161,891)
Net settlement of stock for tax withholding and proceeds from stock option exercises (2,436) (3,932) (20,352)
Distributions to noncontrolling membership interests 0 (22,980) (18,840)
Cash transferred to the Cars.com business 0 (20,133) 0
Deferred payments for acquisitions 0 0 (437)
Net cash used for financing activities (144,972) (542,736) (462,433)
Increase (decrease) in cash, cash equivalents and restricted cash 7,821 22,924 (56,553)
Cash, cash equivalents and restricted cash from continuing operations, beginning of year 128,041 44,076 58,566
Cash, cash equivalents and restricted cash from discontinued operations, beginning of year 0 61,041 103,104
Balance of cash, cash equivalents and restricted cash at beginning of year 128,041 105,117 161,670
Cash, cash equivalents and restricted cash from continuing operations, end of year 135,862 128,041 44,076
Cash, cash equivalents and restricted cash from discontinued operations, end of year 0 0 61,041
Balance of cash, cash equivalents and restricted cash at end of year $ 135,862 $ 128,041 $ 105,117