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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net income (loss) $ (692,022) $ 110,353
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 115,759 120,329
Impairment of goodwill 686,000 0
Losses (gains), net on disposal of property and equipment 2,320 5,651
Gain on extinguishment of debt 0 (1,234)
Programming assets and liabilities (21,266) (20,930)
Restructuring impairment charges 14,685 0
Deferred income taxes (13,721) 18,213
Stock and deferred compensation plans 18,372 14,530
Pension contributions, net of income/expense (1,492) (27,805)
Other changes in certain working capital accounts, net (72,567) (28,812)
Miscellaneous, net 13,069 5,982
Net operating activities 49,137 196,277
Cash Flows from Investing Activities:    
Acquisitions, net of cash acquired 0 (13,797)
Additions to property and equipment (43,811) (35,548)
Purchase of investments (940) (6,387)
Proceeds from FCC repack 0 2,650
Miscellaneous, net 20 (2,101)
Net investing activities (44,731) (55,183)
Cash Flows from Financing Activities:    
Net borrowings under revolving credit facility 340,000 0
Payments on long-term debt (295,959) (158,503)
Preferred stock dividends (36,000) (36,000)
Tax payments related to shares withheld for vested stock and RSUs (4,763) (8,507)
Miscellaneous, net (9,859) (341)
Net cash used in financing activities (6,581) (203,351)
Decrease in cash, cash equivalents and restricted cash (2,175) (62,257)
Cash, cash equivalents and restricted cash:    
Beginning of year 18,027 100,480
End of period 15,852 38,223
Supplemental Cash Flow Disclosures    
Interest paid 161,370 123,788
Income taxes paid 25,932 56,679
Non-cash investing information    
Capital expenditures included in accounts payable $ 397 $ 2,676