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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Assets:    
Cash $ 296 $ 212
Accounts receivable, less allowance for credit losses of $12 and $11, respectively 385 411
Current portion of program broadcast rights, net 17 25
Prepaid and other current assets 23 24
Total current assets 721 672
Property and equipment, net 731 725
Operating leases right of use asset 61 50
Broadcast licenses 3,573 3,573
Goodwill 1,446 1,446
Other intangible assets, net 434 460
Investment in broadcasting and technology companies 46 31
Other 16 15
Total assets 7,028 6,972
Liabilities and stockholders’ equity:    
Accounts payable 23 11
Employee compensation and benefits 44 67
Accrued interest 47 37
Accrued network programming fees 35 30
Other accrued expenses 24 32
Federal and state income taxes 22 13
Current portion of program broadcast obligations 18 28
Deferred revenue 10 9
Dividends payable 13 13
Current portion of operating lease liabilities 7 6
Total current liabilities 243 246
Long-term debt, less current portion and deferred financing costs 3,700 3,697
Program broadcast obligations, less current portion 6 7
Deferred income taxes 820 810
Accrued pension costs 38 38
Operating lease liabilities, less current portion 56 45
Other 13 15
Total liabilities 4,876 4,858
Commitments and contingencies (Note 9)
Series A Perpetual Preferred Stock, no par value; cumulative; redeemable; designated 1,500,000 shares, issued and outstanding 650,000 shares at each date ($650 aggregate liquidation value at each date) 650 650
Stockholders’ equity:    
Common stock 1,101 1,093
Retained earnings 544 504
Accumulated other comprehensive loss, net of income tax benefit (31) (31)
Stockholders' equity before treasury stock 1,645 1,597
Treasury stock at cost (117) (107)
Total stockholders’ equity 1,502 1,464
Total liabilities and stockholders’ equity 7,028 6,972
Common Class A [Member]    
Stockholders’ equity:    
Common stock 31 31
Treasury stock at cost $ (26) $ (26)