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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 19,945 $ 10,505
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 13,694 12,629
Amortization of intangible assets 5,436 5,567
Amortization of deferred loan costs 1,157 1,151
Accretion of original issue discount and premium related to long-term debt, net (153) (153)
Amortization of restricted stock and stock option awards 2,157 1,338
Amortization of program broadcast rights 5,346 5,222
Payments on program broadcast obligations (5,474) (5,119)
Deferred income taxes 5,706 7,329
(Gain) loss on disposal of assets, net (821) 527
Loss from early extinguishment of debt 2,540
Other (194) (761)
Changes in operating assets and liabilities:    
Accounts receivable 3,044 (9,873)
Prepaid income taxes (8,460) (339)
Other current assets (1,328) (1,911)
Accounts payable (4,772) (1,847)
Employee compensation, benefits and pension cost (8,850) (10,840)
Accrued network fees and other expenses (9,773) (7,555)
Accrued interest (3,460) (7,758)
Income taxes payable 704 48
Deferred revenue 503 (1,183)
Net cash provided by (used in) operating activities 14,407 (483)
Investing activities    
Acquisitions of television businesses and licenses (277,907)
Purchases of property and equipment (6,280) (3,977)
Proceeds from asset sales 41 50
Proceeds from FCC Repack (Note 1) 937
Acquisition prepayments (2,500) (8,525)
Other (15) (3,034)
Net cash used in investing activities (7,817) (293,393)
Financing activities    
Proceeds from borrowings on long-term debt 556,438
Repayments of borrowings on long-term debt (1,604) (557,829)
Payments for the repurchase of common stock (19,607)
Deferred and other loan costs (4,614)
Payment for taxes related to net share settlement of equity awards (4,353) (1,767)
Net cash used in financing activities (25,564) (7,772)
Net decrease in cash (18,974) (301,648)
Cash at beginning of period 462,399 325,189
Cash at end of period $ 443,425 $ 23,541