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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Operating activities              
Net income $ 44,000 $ (18,000) $ 41,000 $ 20,000 $ 26,000 $ 61,000  
Adjustments to reconcile net income to net cash provided by operating activities:              
Depreciation 20,000   13,000   40,000 27,000  
Amortization of intangible assets 28,000   5,000   57,000 11,000  
Amortization of deferred loan costs         6,000 2,000  
Amortization of restricted stock and stock option awards         5,000 3,000  
Amortization of program broadcast rights         20,000 11,000  
Payments on program broadcast obligations         (24,000) (11,000)  
Common stock contributed to 401(k)         4,000 0  
Deferred income taxes         12,000 11,000  
Gain on disposals of assets, net (3,000)   (1,000)   (13,000) (2,000)  
Other         (7,000) (1,000)  
Changes in operating assets and liabilities:              
Accounts receivable         41,000 (5,000)  
Prepaid income taxes         0 (12,000)  
Other current assets         (15,000) 1,000  
Accounts payable         0 (2,000)  
Employee compensation, benefits and pension cost         (14,000) (4,000)  
Accrued network fees and other expenses         (42,000) (3,000)  
Accrued interest         4,000 0  
Income taxes payable         1,000 10,000  
Deferred revenue         4,000 1,000  
Net cash provided by operating activities         105,000 98,000  
Investing activities              
Acquisitions of television businesses and licenses, net of cash acquired         (2,789,000) 0  
Proceeds from sale of television station         231,000 0  
Purchases of property and equipment         (44,000) (20,000)  
Proceeds from asset sales         3,000 0  
Proceeds from FCC Repack (Note 1) 5,000   1,000   17,000 2,000  
Acquisition prepayments         (14,000) (4,000)  
Other         (3,000) 0  
Net cash used in investing activities         (2,599,000) (22,000)  
Financing activities              
Proceeds from borrowings on long-term debt         1,400,000 0  
Repayments of borrowings on long-term debt         (7,000) (3,000)  
Payments for the repurchase of common stock         0 (20,000)  
Payment of preferred stock dividends         (13,000) 0  
Deferred and other loan costs         (50,000) 0  
Payments for taxes related to net share settlement of equity awards         (4,000) (4,000)  
Net cash provided by (used in) financing activities         1,326,000 (27,000)  
Net (decrease) increase in cash         (1,168,000) 49,000  
Cash and restricted cash at beginning of period   $ 1,419,000   $ 462,000 1,419,000 462,000 $ 462,000
Cash at end of period $ 251,000   $ 511,000   $ 251,000 $ 511,000 $ 1,419,000