XML 23 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 250,762 $ 176,099 $ 215,115
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation of property and equipment 98,529 103,433 103,291
Amortization of definite-lived intangible assets 183,795 161,454 125,496
Amortization of program contract costs and net realizable value adjustments 127,880 124,619 106,629
Loss on extinguishment of debt, non-cash portion 3,875 0 4,605
Stock-based compensation 16,939 18,315 14,296
Deferred tax (benefit) provision 6,118 (28,446) (818)
(Gain) loss on the sale of assets (6,029) 278 (37,160)
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
Increase in accounts receivable (71,718) (38,666) (44,253)
Net change in net income taxes payable/receivable 18,814 3,203 8,253
Increase in prepaid expenses and other current assets (969) (3,474) (2,215)
Increase (decrease) in accounts payable and accrued liabilities 60,086 (15,902) 55,457
Payments on program contracts payable (111,506) (109,057) (93,682)
Real estate held for development and sale 1,075 (2,674) (20,683)
Other, net 14,115 13,745 (1,732)
Net cash flows from operating activities 591,766 402,927 432,599
CASH FLOWS USED IN INVESTING ACTIVITIES:      
Acquisition of property and equipment (94,465) (91,421) (81,458)
Acquisition of businesses, net of cash acquired (425,857) (17,011) (1,485,039)
Proceeds from the sale of assets 16,396 23,650 176,675
Purchase of alarm monitoring contracts (40,206) (39,185) (27,701)
Decrease (increase) in restricted cash 3,725 (3,725) 11,616
Investments in equity and cost method investees (51,247) (44,715) (8,104)
Proceeds from termination of life insurance policies 0 0 17,042
Distributions from equity and cost method investees 6,786 21,749 3,869
Loans to affiliates (19,500) 0 0
Other, net (1,635) (653) (4,256)
Net cash flow used in investing activities (606,003) (151,311) (1,397,356)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:      
Proceeds from notes payable, commercial bank financing and capital leases 1,024,912 382,887 1,500,720
Repayments of notes payable, commercial bank financing and capital leases (671,215) (395,147) (582,764)
Repurchase of outstanding Class A Common Stock (136,283) (28,823) (133,157)
Dividends paid on Class A and Class B Common Stock (65,909) (62,733) (61,103)
Payments for deferred financing costs (15,681) (3,847) (16,590)
Noncontrolling interests distributions (10,464) (9,918) (8,184)
Other, net (1,111) (1,745) 3,413
Net cash flows from (used in) financing activities 124,249 (119,326) 702,335
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 110,012 132,290 (262,422)
CASH AND CASH EQUIVALENTS, beginning of year 149,972 17,682 280,104
CASH AND CASH EQUIVALENTS, end of year $ 259,984 $ 149,972 $ 17,682