XML 21 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net Income (Loss) $ (4,705) $ 61,010
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Stock-based compensation 27,608 24,129
Pension credit, net of contributions (18,083) (21,875)
Depreciation 53,567 54,047
Amortization of contract intangible assets and liabilities (10,778) (10,842)
Amortization of other intangible assets 148,195 145,988
Income on equity investments, net (114,295) (119,834)
Distributions from equity investments 143,557 156,395
Non-cash loss on extinguishment of debt 0 33,480
Original issue discount payments 0 (6,158)
Amortization of debt issuance costs and original issue discount 8,368 9,475
Gain on investment transactions 0 (12,070)
Impairment of real estate 15,102 0
(Gain) loss on sales of real estate (212,719) 97
Other non-operating gain (478) (553)
Change in excess tax benefits from stock-based awards 0 570
Changes in working capital items, excluding effects from acquisitions:    
Accounts receivable, net 42,183 15,996
Prepaid expenses and other current assets 8,856 (54,125)
Accounts payable 2,325 (15,343)
Employee compensation and benefits, accrued expenses and other current liabilities (38,200) 39,569
Deferred revenue (90) 5,442
Income taxes 100,861 (189,866)
Change in broadcast rights, net of liabilities (19,913) 8,746
Deferred income taxes 40,160 (107,196)
Other, net 15,019 (9,157)
Net cash provided by operating activities 186,540 7,925
Investing Activities    
Capital expenditures (61,855) (63,775)
Acquisitions, net of cash acquired 0 (75,000)
Transfers from restricted cash 297 1,091
Investments (3,451) (3,011)
Distributions from equity investments 0 4,707
Proceeds from sales of real estate and other assets 507,050 22,050
Net cash provided by (used in) investing activities 442,041 (113,938)
Financing Activities    
Long-term borrowings 0 1,100,000
Repayments of long-term debt (20,881) (1,107,302)
Long-term debt issuance costs (784) (20,202)
Payments of dividends (68,684) (696,364)
Settlements of contingent consideration, net (3,636) 1,174
Common stock repurchases (149,147) (272,812)
Change in excess tax benefits from stock-based awards 0 (570)
Tax withholdings related to net share settlements of share-based awards (4,540) (4,264)
Proceeds from stock option exercises 0 166
Contributions from noncontrolling interest 145 1,324
Net cash used in financing activities (247,527) (998,850)
Net Increase (Decrease) in Cash and Cash Equivalents 381,054 (1,104,863)
Cash and cash equivalents, beginning of period 262,644 1,455,183
Cash and cash equivalents, end of period 643,698 350,320
Supplemental Schedule of Cash Flow Information    
Interest 137,417 106,987
Income taxes, net $ 159,152 $ 331,145