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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 602,739 $ 577,658
Restricted cash and cash equivalents 17,566 17,566
Accounts receivable (net of allowances of $21,252 and $12,504) 390,472 429,112
Broadcast rights 148,976 157,817
Income taxes receivable 14,994 9,056
Current assets of discontinued operations 0 62,605
Prepaid expenses 22,617 35,862
Other 8,677 6,624
Total current assets 1,206,041 1,296,300
Properties    
Property, plant and equipment 654,872 711,068
Accumulated depreciation (224,306) (187,148)
Net properties 430,566 523,920
Other Assets    
Broadcast rights 144,303 153,457
Goodwill 3,228,869 3,227,930
Other intangible assets, net 1,655,467 1,819,134
Non-current assets of discontinued operations 0 608,153
Assets held for sale [1] 93,188 17,176
Investments 1,273,857 1,674,883
Other 141,790 80,098
Total other assets 6,537,474 7,580,831
Total Assets (1) [2] 8,174,081 9,401,051
Current Liabilities    
Accounts payable 42,215 60,553
Debt due within one year (net of unamortized discounts and debt issuance costs of $7,917) 0 19,924
Income taxes payable 71,741 21,166
Employee compensation and benefits 60,407 77,123
Contracts payable for broadcast rights 273,176 241,255
Deferred revenue 12,565 13,690
Interest payable 14,095 30,305
Current liabilities of discontinued operations 0 54,284
Other 212,609 32,553
Total current liabilities 686,808 550,853
Non-Current Liabilities    
Long-term debt (net of unamortized discounts and debt issuance costs of $38,063 and $38,830) 2,917,454 3,391,627
Deferred income taxes 759,167 984,248
Contracts payable for broadcast rights 326,654 314,840
Pension obligations, net 428,732 444,401
Postretirement, medical, life and other benefits 9,941 11,385
Other obligations 155,948 62,700
Non-current liabilities of discontinued operations 0 95,314
Total non-current liabilities 4,597,896 5,304,515
Total Liabilities (1) [2] 5,284,704 5,855,368
Commitments and Contingent Liabilities
Shareholders’ Equity    
Preferred stock 0 0
Common Stock 101 100
Treasury stock, at cost: 14,102,185 shares at September 30, 2017 and 14,102,453 shares at December 31, 2016 (632,194) (632,207)
Additional paid-in-capital 4,028,524 4,561,760
Retained deficit (443,042) (308,105)
Accumulated other comprehensive loss (71,247) (81,782)
Total Tribune Media Company shareholders’ equity 2,882,142 3,539,766
Noncontrolling interest 7,235 5,917
Total shareholders’ equity 2,889,377 3,545,683
Total Liabilities and Shareholders’ Equity 8,174,081 9,401,051
Class A Common Stock    
Shareholders’ Equity    
Common Stock 101 100
Total shareholders’ equity 101 100
Class B Common Stock    
Shareholders’ Equity    
Common Stock 0 0
Total shareholders’ equity $ 0 $ 0
[1] (4)See Note 4 for information regarding assets held for sale.
[2] (1) The Company’s consolidated total assets as of September 30, 2017 and December 31, 2016 include total assets of variable interest entities (“VIEs”) of $101 million and $97 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of September 30, 2017 and December 31, 2016 include total liabilities of the VIEs of $25 million and $3 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).