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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 96,382 $ 26,439
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 38,555 34,237
Amortization of Intangible Assets 18,684 12,365
Amortization of deferred loan costs 3,466 3,664
Net amortization of original issue discount and premium related to long-term debt (458) (626)
Amortization of restricted stock and stock option awards 4,303 3,827
Amortization of program broadcast rights 15,444 14,026
Payments on program broadcast obligations (15,569) (13,859)
Common stock contributed to 401(k) plan 16 21
Deferred income taxes 64,121 18,335
Gain on disposals of assets, net (75,139) (66)
Loss from early extinguishment of debt 2,851 31,987
Other (1,188) 659
Changes in operating assets and liabilities:    
Accounts receivable trade (18,587) (8,677)
Prepaid taxes (1,311)
Prepaid and other current assets 371 (12,234)
Accounts payable (1,774) 728
Employee compensation, benefits and pension cost (6,512) (5,275)
Other current liabilities (1,696) (3,692)
Income taxes payable 1,763 719
Accrued interest (9,376) 841
Net cash provided by operating activities 114,346 103,419
Investing activities    
Acquisitions of television businesses and licenses (415,438) (432,220)
Proceeds from sale of television station 11,200
Proceeds from FCC spectrum auction 90,824
Purchases of property and equipment (21,426) (33,238)
Proceeds from asset sales 148 1,925
Net decrease (increase) in acquisition prepayments and other 9,558 (17,171)
Net cash used in investing activities (336,334) (469,504)
Financing activities    
Proceeds from borrowings on long-term debt 641,438 1,656,000
Repayments of borrowings on long-term debt (561,037) (1,100,000)
Payments for the repurchase of common stock (4,000)
Tender and redemption premiums for 2020 Notes (27,502)
Deferred and other loan costs (4,981) (27,881)
Payments for taxes related to net share settlement of equity awards (1,767) (1,452)
Net cash provided by financing activities 69,653 499,165
Net (decrease) increase in cash (152,335) 133,080
Cash at beginning of period 325,189 97,318
Cash at end of period $ 172,854 $ 230,398