XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net income (loss) $ 3,055 $ (688,369)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 77,156 77,171
Impairment of goodwill 0 686,000
Losses (gains), net on disposal of property and equipment (10) 1,254
Programming assets and liabilities 3,411 (27,438)
Restructuring impairment charges 0 14,406
Losses (gains) on sale of investments (18,018) 0
Deferred income taxes (9,792) (19,028)
Stock and deferred compensation plans 12,756 15,897
Pension contributions, net of income/expense (998) (957)
Other changes in certain working capital accounts, net (3,395) (41,409)
Miscellaneous, net 7,632 7,378
Net operating activities 71,797 24,905
Cash Flows from Investing Activities:    
Additions to property and equipment (45,705) (25,827)
Purchase of investments (1,606) (868)
Proceeds from sale of investments 18,108 0
Miscellaneous, net 225 10
Net investing activities (28,978) (26,685)
Cash Flows from Financing Activities:    
Net borrowings (payments) under revolving credit facility (40,000) 70,000
Payments on long-term debt (7,806) (9,306)
Preferred stock dividends 0 (24,000)
Tax payments related to shares withheld for vested stock and RSUs (1,785) (4,654)
Miscellaneous, net (1,896) (8,983)
Net cash provided by (used in) financing activities (51,487) 23,057
Increase (decrease) in cash and cash equivalents (8,668) 21,277
Cash and cash equivalents:    
Beginning of year 35,319 18,027
End of period 26,651 39,304
Supplemental Cash Flow Disclosures    
Interest paid 101,158 93,862
Income taxes paid 34,570 12,890
Non-cash investing information    
Accrued capital expenditures $ 471 $ 1,538