XML 94 R5.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 28, 2014
Current Assets    
Cash and cash equivalents $ 350,320 $ 1,455,183
Restricted cash and cash equivalents 17,595 17,600
Accounts receivable (net of allowances of $6,143 and $7,313) 427,137 440,722
Broadcast rights 203,529 147,423
Income taxes receivable 4,094 4,931
Deferred income taxes 38,808 29,675
Prepaid expenses 68,671 26,300
Other 48,309 38,989
Total current assets 1,158,463 2,160,823
Properties    
Property, plant and equipment 971,338 953,438
Accumulated depreciation (151,245) (102,841)
Net properties 820,093 850,597
Other Assets    
Broadcast rights 309,083 157,014
Goodwill 3,945,265 3,918,136
Other intangible assets, net 2,296,033 2,397,794
Assets held for sale 41,008 5,645
Investments 1,664,837 1,717,192
Other 178,617 189,254
Total other assets 8,434,843 8,385,035
Total Assets 10,413,399 11,396,455
Current Liabilities    
Accounts payable 55,626 77,295
Debt due within one year 26,488 4,088
Income taxes payable 62,152 252,570
Employee compensation and benefits 83,995 80,270
Contracts payable for broadcast rights 253,941 178,685
Deferred revenue 40,054 34,352
Other 93,215 56,920
Total current liabilities 615,471 684,180
Non-Current Liabilities    
Long-term debt 3,459,158 3,490,897
Deferred income taxes 1,060,479 1,156,214
Contracts payable for broadcast rights 425,421 279,819
Contract intangible liability, net 18,260 34,425
Pension obligations, net 450,244 469,116
Postretirement, medical, life and other benefits 17,761 21,456
Other obligations 64,142 64,917
Total non-current liabilities $ 5,495,465 $ 5,516,844
Commitments and Contingent Liabilities (Note 9)
Shareholders’ Equity    
Preferred Stock, Value, Issued $ 0 $ 0
Treasury stock, at cost: 5,825,623 shares at September 30, 2015 and 975,594 shares at December 28, 2014 (Note 12) (333,023) (67,814)
Additional paid-in-capital 4,611,413 4,591,470
Retained earnings 82,359 718,218
Accumulated other comprehensive loss (59,710) (46,541)
Total Tribune Media Company shareholders’ equity 4,301,139 5,195,431
Noncontrolling interest 1,324 0
Total shareholders’ equity 4,302,463 5,195,431
Total Liabilities and Shareholders’ Equity 10,413,399 11,396,455
Class A Common Stock    
Shareholders’ Equity    
Authorized: 1,000,000,000 shares; 99,961,433 shares issued and 94,135,810 shares outstanding at September 30, 2015 and 95,708,401 shares issued and 94,732,807 shares outstanding at December 28, 2014 100 96
Total shareholders’ equity 100 96
Class B Common Stock    
Shareholders’ Equity    
Authorized: 1,000,000,000 shares at September 30, 2015 and 200,000,000 shares at December 28, 2014; Issued and outstanding: 36,674 shares at September 30, 2015 and 2,438,083 shares at December 28, 2014 0 2
Total shareholders’ equity $ 0 $ 2