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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 887,751 $ 673,685
Restricted cash and cash equivalents 16,607 17,566
Accounts receivable (net of allowances of $6,350 and $4,814) 393,174 420,095
Broadcast rights 105,447 129,174
Income taxes receivable 57,197 18,274
Prepaid expenses 27,936 20,158
Other 11,957 14,039
Total current assets 1,500,069 1,292,991
Properties    
Property, plant and equipment 667,920 673,682
Accumulated depreciation (260,301) (233,387)
Net properties 407,619 440,295
Other Assets    
Broadcast rights 113,162 133,683
Goodwill 3,228,716 3,228,988
Other intangible assets, net 1,487,534 1,613,665
Assets held for sale [1] 28,955 38,900
Investments 1,231,873 1,281,791
Other 163,565 139,015
Total other assets 6,253,805 6,436,042
Total Assets (1) [2] 8,161,493 8,169,328
Current Liabilities    
Accounts payable 41,955 48,319
Income taxes payable 8,452 36,252
Employee compensation and benefits 65,602 71,759
Contracts payable for broadcast rights 264,609 253,244
Deferred revenue 13,993 11,942
Interest payable 14,473 30,525
Deferred spectrum audition proceeds (Note 8) 0 172,102
Other 38,292 30,124
Total current liabilities 447,376 654,267
Non-Current Liabilities    
Long-term debt (net of unamortized discounts and debt issuance costs of $31,177 and $36,332) 2,924,340 2,919,185
Deferred income taxes 581,079 508,174
Contracts payable for broadcast rights 259,671 300,420
Pension obligations, net 325,774 396,875
Postretirement, medical, life and other benefits 9,000 9,328
Other obligations 155,695 163,899
Total non-current liabilities 4,255,559 4,297,881
Total Liabilities (1) [2] 4,702,935 4,952,148
Commitments and Contingent Liabilities
Shareholders’ Equity    
Preferred stock 0 0
Common Stock 102 101
Treasury stock, at cost: 14,102,185 shares at September 30, 2018 and December 31, 2017 (632,194) (632,194)
Additional paid-in-capital 4,023,769 4,011,530
Retained earnings (deficit) 98,795 (114,240)
Accumulated other comprehensive loss (37,111) (48,061)
Total Tribune Media Company shareholders’ equity 3,453,361 3,217,136
Noncontrolling interests 5,197 44
Total shareholders’ equity 3,458,558 3,217,180
Total Liabilities and Shareholders’ Equity 8,161,493 8,169,328
Class A Common Stock    
Shareholders’ Equity    
Common Stock 102 101
Total shareholders’ equity 102 101
Class B Common Stock    
Shareholders’ Equity    
Common Stock 0 0
Total shareholders’ equity $ 0 $ 0
[1] (3)See Note 3 for information regarding assets held for sale.
[2] (1) The Company’s consolidated total assets as of September 30, 2018 and December 31, 2017 include total assets of variable interest entities (“VIEs”) of $75 million and $81 million, respectively, which can only be used to settle the obligations of the VIEs. The Company’s consolidated total liabilities as of both September 30, 2018 and December 31, 2017 include total liabilities of the VIEs of $29 million, for which the creditors of the VIEs have no recourse to the Company (see Note 1).