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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Assets:    
Cash $ 225 $ 667
Accounts receivable, less allowance for doubtful accounts of $9 and $5, respectively 414 184
Current portion of program broadcast rights, net 18 15
Prepaid and other current assets 17 7
Total current assets 674 873
Property and equipment, net 672 363
Operating leases right of use asset 72
Broadcast licenses 3,534 1,530
Goodwill 1,434 612
Other intangible assets, net 517 53
Investment in broadcasting and technology companies 17 17
Restricted cash 752
Other 75 13
Total assets 6,995 4,213
Liabilities and stockholders’ equity:    
Accounts payable 16 8
Employee compensation and benefits 44 35
Accrued interest 47 34
Accrued network programming fees 36 22
Other accrued expenses 28 18
Federal and state income taxes 33 14
Current portion of program broadcast obligations 19 15
Deferred revenue 11 4
Dividends payable 13
Current portion of operating lease liabilities 6
Current portion of finance lease liabilities 1
Current portion of long-term debt 14
Total current liabilities 268 150
Long-term debt, less current portion and deferred financing costs 3,882 2,549
Program broadcast obligations, less current portion 8 5
Deferred income taxes 743 285
Accrued pension costs 33 33
Operating lease liabilities 66
Finance lease liabilites 1
Other 15 4
Total liabilities 5,016 3,026
Commitments and contingencies (Note 11)
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 650,000 shares and 0 shares, ($650,000,000 and $0 aggregate liquidation value, respectively) 650
Stockholders’ equity:    
Common stock 1,083 907
Retained earnings 343 372
Accumulated other comprehensive loss, net of income tax benefit (23) (21)
Stockholders' equity before treasury stock 1,430 1,285
Treasury stock at cost (75) (72)
Total stockholders’ equity 1,329 1,187
Total liabilities and stockholders’ equity 6,995 4,213
Common Class A [Member]    
Stockholders’ equity:    
Common stock 27 27
Treasury stock at cost $ (26) $ (26)