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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net (Loss) Income $ (85,594) $ 11,093
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Stock-based compensation 14,963 8,493
Pension credit, net of contributions (5,549) (5,993)
Depreciation [1] 13,571 14,442
Depreciation, Including Discontinued Operations   17,338
Amortization of contract intangible assets and liabilities 208 (4,003)
Amortization of other intangible assets 41,659 41,665
Amortization Of Intangible Assets, Excluding Contract Intangible Assets, Including Discontinued Operation   49,378
Income on equity investments, net (37,037) (38,252)
Distributions from equity investments 111,509 89,346
Non-cash loss on extinguishment and modification of debt 6,823 0
Original issue discount payments (6,873) 0
Write-down of investment (122,000) 0
Amortization of debt issuance costs and original issue discount 2,170 2,786
Gain on sale of business (35,462) 0
Gain on investment transaction (4,950) 0
Impairments of real estate 754 7,834
Other non-operating loss (gain) 26 (496)
Changes in working capital items:    
Accounts receivable, net 44,963 33,210
Prepaid expenses and other current assets 4,568 2,775
Accounts payable (6,797) 9,448
Employee compensation and benefits, accrued expenses and other current liabilities (49,580) (44,797)
Deferred revenue (2,326) (3,941)
Income taxes 77,201 14,406
Change in broadcast rights, net of liabilities (18,546) (46,949)
Deferred income taxes (115,922) 1,722
Other, net 3,434 18,901
Net cash provided by operating activities 75,213 122,299
Investing Activities    
Capital expenditures (14,634) (17,848)
Investments 0 (88)
Net proceeds from the sale of business (Note 2) 554,725 0
Proceeds from sales of real estate and other assets 44,315 1,486
Proceeds from the sale of investment 4,950 0
Transfers from restricted cash 0 4
Net cash provided by (used in) investing activities 589,356 (16,446)
Financing Activities    
Long-term borrowings 202,694 0
Repayments of long-term debt (584,245) (6,960)
Long-term debt issuance costs (1,689) (622)
Payments of dividends (520,849) (23,215)
Common stock repurchases 0 (8,938)
Tax withholdings related to net share settlements of share-based awards (7,053) (4,126)
Proceeds from stock option exercises 2,385 0
Net cash used in financing activities (908,757) (43,861)
Net (Decrease) Increase in Cash and Cash Equivalents (244,188) 61,992
Cash and cash equivalents, beginning of period (1) 590,409 [2] 262,644
Cash and cash equivalents, end of period 346,221 324,636
Supplemental Schedule of Cash Flow Information    
Interest 54,246 59,065
Income taxes, net $ 752 $ (3,613)
[1] (3)Depreciation and amortization from discontinued operations totaled $3 million and $8 million, respectively, for the three months ended March 31, 2016.
[2] (1)Cash and cash equivalents at the beginning of the three months ended March 31, 2017 of $590 million are comprised of $578 million of cash and cash equivalents from continuing operations as reflected in the Company’s unaudited Condensed Consolidated Balance Sheets and $13 million of cash and cash equivalents reflected in current assets of discontinued operations, as further described in Note 2.