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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Operating activities      
Net (loss) income $ (18,000) $ 20,000  
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation 20,000 14,000  
Amortization of intangible assets 29,000 5,000  
Amortization of deferred loan costs 3,000 1,000  
Amortization of restricted stock and stock option awards 3,000 2,000  
Amortization of program broadcast rights 10,000 5,000  
Payments on program broadcast obligations (14,000) (5,000)  
Common stock contributed to 401(k) 4,000  
Deferred income taxes 3,000 6,000  
Loss on disposal of assets, net (10,000) (1,000)  
Other (1,000) (1,000)  
Changes in operating assets and liabilities:      
Accounts receivable 12,000 3,000  
Prepaid income taxes (8,000)  
Other current assets 11,000 (1,000)  
Accounts payable 5,000 (5,000)  
Employee compensation, benefits and pension cost (21,000) (9,000)  
Accrued network fees and other expenses (31,000) (10,000)  
Accrued interest 14,000 (3,000)  
Income taxes payable (1,000) 1,000  
Deferred revenue 6,000 1,000  
Net cash provided by operating activities 24,000 15,000  
Investing activities      
Acquisitions of television businesses and licenses, net of cash acquired (2,740,000)  
Proceeds from sale of television stations 231,000  
Purchases of property and equipment (18,000) (6,000)  
Proceeds from asset sales 2,000  
Proceeds from FCC Repack (Note 1) 12,000 1,000  
Acquisition prepayments (47,000) (3,000)  
Other (2,000)  
Net cash used in investing activities (2,562,000) (8,000)  
Financing activities      
Proceeds from borrowings on long-term debt 1,400,000  
Repayments of borrowings on long-term debt (4,000) (2,000)  
Payments for the repurchase of common stock (20,000)  
Deferred and other loan costs (50,000)  
Payment for taxes related to net share settlement of equity awards (2,000) (4,000)  
Net cash provided by (used in) financing activities 1,344,000 (26,000)  
Net decrease in cash (1,194,000) (19,000)  
Cash and restricted cash at beginning of period 1,419,000 462,000 $ 462,000
Cash and restricted cash at beginning of period $ 225,000 $ 443,000 $ 1,419,000