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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 478,197 $ 482,763 $ 286,235
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation 64,841 66,880 60,525
Amortization of intangible assets 63,011 67,690 50,104
Stock-based compensation 31,515 20,306 20,146
Company stock 401(k) contribution 17,142 16,469 9,558
Amortization of deferred financing costs, debt discounts and premiums 8,323 20,251 12,012
Losses (gains) on assets 0 12,457 (7,402)
Provision for deferred income taxes 9,916 8,533 22,064
Equity loss (income) in unconsolidated investees, net 9,713 (10,397) (10,149)
Pension contributions, net of income (19,139) (10,400) (19,447)
Changes in operating assets and liabilities, net of acquisitions:      
(Increase) decrease in accounts receivable (88,687) 27,474 (86,245)
Increase (decrease) in accounts payable 14,947 7,245 (29,526)
(Decrease) increase in interest and taxes payable (53,303) 66,466 (8,284)
Increase in deferred revenue 1,589 1,013 1,007
Changes in other assets and liabilities, net (36,453) 28,386 (3,125)
Net cash flows from operating activities 501,612 805,136 297,473
Cash flows from investing activities:      
Purchase of property and equipment (63,076) (45,499) (88,356)
Reimbursement from spectrum repacking 4,942 13,180 16,974
Payments for acquisitions of businesses and other assets, net of cash acquired (13,335) (34,841) (1,514,183)
Payments for investments (1,791) (2,415) (4,986)
Proceeds from investments 3,701 5,028 4,698
Proceeds from sale of businesses and assets 303 5,026 22,383
Net cash used for investing activities (69,256) (59,521) (1,563,470)
Cash flows from by financing activities:      
(Payments of) proceeds from borrowings under revolving credit facilities, net (189,000) (548,000)  
(Payments of) proceeds from borrowings under revolving credit facilities, net     853,000
Proceeds from borrowings 0 1,550,000 1,100,000
Debt repayments (137,000) (1,623,000) (710,000)
Payments for debt issuance and premiums for early redemption costs (1,256) (41,378) (22,018)
Dividends paid (78,465) (76,465) (60,624)
Other, net (10,614) (9,208) (819)
Proceeds from sale of minority ownership interest in Premion 0 14,000 0
Net cash (used for) provided by financing activities (416,335) (734,051) 1,159,539
Increase (decrease ) in cash 16,021 11,564 (106,458)
Balance of cash at beginning of year 40,968 29,404 135,862
Balance of cash at end of year 56,989 40,968 29,404
Supplemental cash flow information:      
Cash paid for income taxes, net of refunds 179,164 84,889 84,045
Cash paid for interest $ 179,803 $ 200,766 $ 186,086