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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:      
Net income (loss) $ 146,218 $ (947,784) $ 195,902
Adjustments to reconcile net income (loss) to net cash flows from operating activities:      
Depreciation and amortization 155,228 155,105 160,433
Impairment of goodwill 0 952,000 0
Losses (gains), net on disposal of property and equipment (18,424) 2,344 5,866
Gain on extinguishment of debt 0 0 (8,589)
Programming assets and liabilities (3,245) (20,504) (27,144)
Restructuring impairment charges 3,110 14,933 0
Losses (gains) on sale of investments (19,895) 0 0
Impairment of investments 15,000 0 0
Deferred income taxes (149) (63,698) 12,915
Stock and deferred compensation plans 17,992 25,631 19,461
Pension contributions, net of income/expense (2,052) (2,107) (29,196)
Other changes in certain working capital accounts, net 58,898 (16,275) (35,800)
Miscellaneous, net 12,999 11,959 17,575
Net cash provided by operating activities 365,680 111,604 311,423
Cash Flows from Investing Activities:      
Acquisitions, net of cash acquired 0 0 (13,797)
Additions to property and equipment (65,256) (59,627) (45,792)
Purchase of investments (1,729) (1,000) (7,373)
Proceeds from sale of investments 19,985 0 0
Proceeds from FCC repack 0 0 2,670
Proceeds from sale of property and equipment 20,464 21 373
Miscellaneous, net 0 0 (2,474)
Net cash used in investing activities (26,536) (60,606) (66,393)
Cash Flows from Financing Activities:      
Net borrowings (payments) under revolving credit facility (330,000) 330,000 0
Payments on long-term debt (15,612) (299,862) (278,095)
Dividends paid on preferred stock 0 (48,000) (48,000)
Tax payments related to shares withheld for vested stock and RSUs (1,882) (4,955) (8,872)
Miscellaneous, net (3,117) (10,889) 7,484
Net cash used in financing activities (350,611) (33,706) (327,483)
Increase (decrease) in cash, cash equivalents and restricted cash (11,467) 17,292 (82,453)
Cash, cash equivalents and restricted cash:      
Beginning of year 35,319 18,027 100,480
End of year 23,852 35,319 18,027
Supplemental Cash Flow Disclosures      
Interest paid 195,856 195,832 150,796
Income taxes paid 71,811 31,121 61,744
Non-cash investing and financing information      
Accrued capital expenditures $ 5,351 $ 5,130 $ 2,254