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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Assets:    
Cash $ 666,980,000 $ 462,399,000
Accounts receivable, less allowance for doubtful accounts of $5,346 and $4,606, respectively 183,592,000 171,230,000
Prepaid income taxes 0 13,791,000
Prepaid and other current assets 7,311,000 4,681,000
Total current assets 872,745,000 666,757,000
Property and equipment, net 363,142,000 350,658,000
Broadcast licenses 1,529,574,000 1,530,703,000
Goodwill 612,425,000 611,100,000
Other intangible assets, net 53,214,000 73,784,000
Investments in broadcasting and technology companies 16,599,000 16,599,000
Restricted cash 751,963,000
Other 13,783,000 11,256,000
Total assets 4,213,445,000 3,260,857,000
Liabilities and stockholders’ equity:    
Accounts payable 8,403,000 7,840,000
Employee compensation and benefits 34,771,000 30,144,000
Accrued interest 34,289,000 26,624,000
Other accrued expenses 17,384,000 11,970,000
Federal and state income taxes 14,330,000 8,753,000
Deferred revenue 3,703,000 4,004,000
Current portion of long-term debt 6,417,000
Total current liabilities 150,396,000 131,305,000
Long-term debt, less current portion and deferred financing costs 2,549,224,000 1,831,011,000
Program broadcast obligations, less current portion 5,182,000 4,277,000
Deferred income taxes 284,890,000 261,690,000
Accrued pension costs 33,239,000 37,838,000
Other 3,325,000 1,839,000
Total liabilities 3,026,256,000 2,267,960,000
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Common stock 907,137,000 902,518,000
Retained earnings 372,497,000 161,694,000
Accumulated other comprehensive loss, net of income tax benefit (21,377,000) (22,165,000)
Stockholders' equity before treasury stock 1,284,943,000 1,066,691,000
Treasury stock at cost (72,270,000) (49,562,000)
Total stockholders’ equity 1,187,189,000 992,897,000
Total liabilities and stockholders’ equity 4,213,445,000 3,260,857,000
Common Class A [Member]    
Stockholders’ equity:    
Common stock 26,686,000 24,644,000
Treasury stock at cost (25,484,000) (24,232,000)
Network Programming Obligations, Current [Member]    
Liabilities and stockholders’ equity:    
Accrued network programming fees 22,328,000 20,317,000
Syndicated Program Film Rights, Current [Member]    
Assets:    
Current portion of program broadcast rights, net 14,862,000 14,656,000
Syndicated Program Film Obliagtions, Current [Member]    
Liabilities and stockholders’ equity:    
Accrued network programming fees $ 15,188,000 $ 15,236,000