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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Assets:    
Cash $ 326 $ 667
Accounts receivable, less allowance for doubtful accounts of $8 and $5, respectively 402 184
Current portion of program broadcast rights, net 34 15
Prepaid and other current assets 27 7
Total current assets 789 873
Property and equipment, net 695 363
Operating leases right of use asset 52 0
Broadcast licenses 3,558 1,530
Goodwill 1,449 612
Other intangible assets, net 469 53
Investments in broadcasting and technology companies 17 17
Restricted cash 0 752
Other 75 13
Total assets 7,104 4,213
Liabilities and stockholders’ equity:    
Accounts payable 13 8
Employee compensation and benefits 59 35
Accrued interest 65 34
Accrued network programming fees 29 22
Other accrued expenses 25 18
Federal and state income taxes 18 14
Current portion of program broadcast obligations 37 15
Deferred revenue 12 4
Dividends payable 13 0
Current portion of operating lease liabilities 7 0
Current portion of long-term debt 14 0
Total current liabilities 292 150
Long-term debt, less current portion and deferred financing costs 3,881 2,549
Program broadcast obligations, less current portion 8 5
Deferred income taxes 780 285
Accrued pension costs 30 33
Operating lease liabilities 47 0
Other 13 4
Total liabilities 5,051 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 and $0 aggregate liquidation value, respectively) 650 0
Stockholders’ equity:    
Common stock 1,089 907
Retained earnings 423 372
Accumulated other comprehensive loss, net of income tax benefit (26) (21)
Stockholders' equity before treasury stock 1,515 1,285
Treasury stock at cost (86) (72)
Total stockholders’ equity 1,403 1,187
Total liabilities and stockholders’ equity 7,104 4,213
Common Class A [Member]    
Stockholders’ equity:    
Common stock 29 27
Treasury stock at cost $ (26) $ (26)