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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 81,066 $ 26,652
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 25,470 22,743
Amortization of Intangible Assets 12,224 8,130
Amortization of deferred loan costs 2,309 2,267
Net amortization of original issue discount and premium related to long-term debt (305) (432)
Amortization of restricted stock and stock option awards 2,772 2,556
Loss from early extinguishment of debt 2,851
Amortization of program broadcast rights 10,235 9,209
Payments on program broadcast obligations (10,393) (9,130)
Common stock contributed to 401(k) plan 15 14
Deferred income taxes 53,732 17,315
Gain on disposals of assets, net (76,799) (420)
Other (964) 731
Changes in operating assets and liabilities:    
Accounts receivable trade (22,360) (6,152)
Prepaid taxes (990)
Prepaid and other current assets (507) (12,474)
Accounts payable (2,920) (1,381)
Employee compensation, benefits and pension cost (8,517) (5,718)
Other current liabilities (3,438) (9,724)
Accrued interest (5,917) 1,309
Income taxes payable 1,580 (20)
Net cash provided by operating activities 59,144 45,475
Investing activities    
Acquisitions of television businesses and licenses (386,438) (427,448)
Proceeds from sale of television station 11,200
Purchases of property and equipment (10,415) (13,475)
Proceeds from asset sales 126 1,910
Acquisition prepayments and other (16,490) (20,624)
Net cash used in investing activities (413,217) (448,437)
Financing activities    
Proceeds from borrowings on long-term debt 641,438 925,000
Repayments of borrowings on long-term debt (559,433) (425,000)
Payments for the repurchase of common stock (4,000)
Deferred and other loan costs (4,994) (16,559)
Payments for taxes related to net share settlement of equity awards (1,767) (1,452)
Net cash provided by financing activities 71,244 481,989
Net (decrease) increase in cash (282,829) 79,027
Cash at beginning of period 325,189 97,318
Cash at end of period $ 42,360 $ 176,345