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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 29,404 $ 135,862
Accounts receivable, net of allowances of $3,723 and $3,090, respectively 581,765 425,404
Other receivables 19,640 20,967
Syndicated programming rights 49,616 35,252
Prepaid expenses and other current assets 26,899 17,737
Total current assets 707,324 635,222
Property and equipment    
Land 86,456 68,540
Buildings and improvements 322,961 259,053
Equipment, furniture and fixtures 553,995 489,799
Construction in progress 34,324 40,778
Total 997,736 858,170
Less accumulated depreciation (512,015) (482,955)
Net property and equipment 485,721 375,215
Intangible and other assets    
Goodwill 2,950,587 2,596,863
Indefinite-lived and amortizable intangible assets, less accumulated amortization of $168,452 and $118,958, respectively 2,561,614 1,526,077
Right-of-use assets for operating leases 103,461  
Investments and other assets 145,269 143,465
Total intangible and other assets 5,760,931 4,266,405
Total assets 6,953,976 5,276,842
Current liabilities    
Accounts payable 51,894 83,226
Accrued liabilities    
Compensation 63,876 52,726
Interest 46,013 37,458
Contracts payable for programming rights 119,872 112,059
Other 60,983 49,211
Dividends payable 15,188 15,154
Income taxes payable 3,332 19,383
Total current liabilities 361,158 369,217
Income taxes 7,490 13,624
Deferred income tax liability 515,621 396,847
Long-term debt 4,179,245 2,944,466
Pension liabilities 127,146 139,375
Operating lease liabilities 105,902  
Other noncurrent liabilities 67,037 72,389
Total noncurrent liabilities 5,002,441 3,566,701
Total liabilities 5,363,599 3,935,918
Commitments and contingent liabilities (see Note 13)
Shareholders’ equity    
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 247,497 301,352
Retained earnings 6,655,088 6,429,512
Accumulated other comprehensive loss (142,597) (136,511)
Less treasury stock at cost, 106,955,082 shares and 108,660,002 shares, respectively (5,494,030) (5,577,848)
Total equity 1,590,377 1,340,924
Total liabilities and equity $ 6,953,976 $ 5,276,842