XML 22 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 673,685 $ 577,658
Restricted cash and cash equivalents 17,566 17,566
Accounts receivable (net of allowances of $4,814 and $12,504) 420,095 429,112
Broadcast rights 129,174 157,817
Income taxes receivable 18,274 9,056
Current assets of discontinued operations 0 62,605
Prepaid expenses 20,158 35,862
Other 14,039 6,624
Total current assets 1,292,991 1,296,300
Properties    
Machinery, equipment and furniture 318,891 280,589
Buildings and leasehold improvements 171,113 154,557
Property, Plant and Equipment, Gross 490,004 435,146
Accumulated depreciation (233,387) (187,148)
Property, Plant and Equipment, Net 256,617 247,998
Land 157,298 214,730
Construction in progress 26,380 61,192
Net properties 440,295 523,920
Broadcast rights 133,683 153,457
Goodwill 3,228,988 3,227,930
Other intangible assets, net 1,613,665 1,819,134
Non-current assets of discontinued operations 0 608,153
Assets held for sale [1] 38,900 17,176
Investments 1,281,791 1,674,883
Other 139,015 80,098
Total other assets 6,436,042 7,580,831
Total Assets [2] 8,169,328 9,401,051
Current Liabilities    
Accounts payable 48,319 60,553
Debt due within one year (net of unamortized discounts and debt issuance costs of $7,917) 0 19,924
Income taxes payable 36,252 21,166
Employee compensation and benefits 71,759 77,123
Contracts payable for broadcast rights 253,244 241,255
Deferred revenue 11,942 13,690
Interest payable 30,525 30,305
Current liabilities of discontinued operations 0 54,284
Deferred spectrum auction proceeds 172,102 0
Other 30,124 32,553
Total current liabilities 654,267 550,853
Non-Current Liabilities    
Long-term debt (net of unamortized discounts and debt issuance costs of $36,332 and $38,830) 2,919,185 3,391,627
Deferred income taxes 508,174 984,248
Contracts payable for broadcast rights 300,420 314,840
Pension obligations, net 396,875 444,401
Postretirement medical, life and other benefits 9,328 11,385
Other obligations 163,899 62,700
Non-current liabilities of discontinued operations 0 95,314
Total non-current liabilities 4,297,881 5,304,515
Total Liabilities [2] 4,952,148 5,855,368
Commitments and Contingencies
Stockholders' Equity    
Preferred stock ($0.001 par value per share) 0 0
Common Stock, Value, Issued 101 100
Treasury stock, at cost: 14,102,185 shares at December 31, 2017 and 14,102,453 shares at December 31, 2016 (632,194) (632,207)
Additional paid-in-capital 4,011,530 4,561,760
Retained deficit (114,240) (308,105)
Accumulated other comprehensive loss (48,061) (81,782)
Total Tribune Media Company shareholders’ equity 3,217,136 3,539,766
Noncontrolling interests 44 5,917
Total shareholders’ equity 3,217,180 3,545,683
Total Liabilities and Shareholders’ Equity 8,169,328 9,401,051
Common Class A    
Stockholders' Equity    
Common Stock, Value, Issued 101 100
Total shareholders’ equity 101 100
Common Class B    
Stockholders' Equity    
Common Stock, Value, Issued 0 0
Total shareholders’ equity $ 0 $ 0
[1] (4)See Note 2 for information regarding discontinued operations and Note 6 for information regarding assets held for sale.
[2] The Company’s consolidated total assets as of December 31, 2017 and December 31, 2016 include total assets of variable interest entities (“VIEs”) of $81 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 December 31, 2017 and December 31, 2016 include total liabilities of the VIEs of $29 million and $3 million, respectively, for which the creditors of the VIEs have no recourse to the Company (see Note 1).