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CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Tables)
 12 Months Ended
Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of condensed consolidating balance sheet
CONDENSED CONSOLIDATED BALANCE SHEET
AS OF DECEMBER 31, 2017
(In thousands)
 
 
Sinclair
Broadcast
Group,
Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Cash and cash equivalents
$
—

 
$
645,830

 
$
12,273

 
$
23,223

 
$
—

 
$
681,326

Restricted cash, current
—

 
—

 
311,110

 
2,000

 
—

 
313,110

Accounts and other receivables
—

 
—

 
530,273

 
36,191

 
—

 
566,464

Other current assets
3,034

 
5,758

 
145,637

 
9,687

 
(10,269
)
 
153,847

Total current assets
3,034

 
651,588

 
999,293

 
71,101

 
(10,269
)
 
1,714,747

 
 
 
 
 
 
 
 
 
 
 
 
Property and equipment, net
829

 
31,111

 
586,950

 
132,010

 
(12,602
)
 
738,298

 
 
 
 
 
 
 
 
 
 
 
 
Investment in consolidated subsidiaries
1,537,337

 
4,116,241

 
4,179

 
—

 
(5,657,757
)
 
—

Other long-term assets
31,757

 
770,312

 
104,363

 
208,367

 
(868,448
)
 
246,351

Goodwill
—

 
—

 
2,120,166

 
3,867

 
—

 
2,124,033

Indefinite-lived intangible assets
—

 
—

 
145,073

 
14,298

 
—

 
159,371

Definite-lived intangible assets
—

 
—

 
1,781,045

 
77,944

 
(57,319
)
 
1,801,670

Total assets
$
1,572,957

 
$
5,569,252

 
$
5,741,069

 
$
507,587

 
$
(6,606,395
)
 
$
6,784,470

 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
$
1,100

 
$
84,326

 
$
261,266

 
$
36,029

 
$
(12,318
)
 
$
370,403

Current portion of long-term debt
—

 
148,505

 
2,103

 
8,774

 
—

 
159,382

Current portion of affiliate long-term debt
—

 
—

 
1,342

 
871

 
(546
)
 
1,667

Other current liabilities
—

 
—

 
180,616

 
14,281

 
—

 
194,897

Total current liabilities
1,100

 
232,831

 
445,327

 
59,955

 
(12,864
)
 
726,349

 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
3,799,987

 
28,493

 
46,636

 
—

 
3,875,116

Affiliate long-term debt
—

 
—

 
11,237

 
334,491

 
(333,243
)
 
12,485

Other liabilities
3,119

 
38,282

 
1,141,266

 
187,569

 
(734,082
)
 
636,154

Total liabilities
4,219

 
4,071,100

 
1,626,323

 
628,651

 
(1,080,189
)
 
5,250,104

 
 
 
 
 
 
 
 
 
 
 
 
Total Sinclair Broadcast Group equity
1,568,738

 
1,498,152

 
4,114,746

 
(82,051
)
 
(5,530,847
)
 
1,568,738

Noncontrolling interests in consolidated subsidiaries
—

 
—

 
—

 
(39,013
)
 
4,641

 
(34,372
)
Total liabilities and equity
$
1,572,957

 
$
5,569,252

 
$
5,741,069

 
$
507,587

 
$
(6,606,395
)
 
$
6,784,470

CONDENSED CONSOLIDATED BALANCE SHEET
AS OF DECEMBER 31, 2016
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Cash and cash equivalents
$
—

 
$
232,297

 
$
10,675

 
$
17,012

 
$
—

 
$
259,984

Accounts and other receivables
—

 
—

 
478,190

 
37,024

 
(1,260
)
 
513,954

Other current assets
5,561

 
3,143

 
124,313

 
25,406

 
(27,273
)
 
131,150

Total current assets
5,561

 
235,440

 
613,178

 
79,442

 
(28,533
)
 
905,088

 
 
 
 
 
 
 
 
 
 
 
 
Property and equipment, net
1,820

 
17,925

 
570,289

 
131,326

 
(3,784
)
 
717,576

 
 
 
 
 
 
 
 
 
 
 
 
Investment in consolidated subsidiaries
551,250

 
3,614,605

 
4,179

 
—

 
(4,170,034
)
 
—

Other long-term assets
46,586

 
819,506

 
103,808

 
169,817

 
(890,668
)
 
249,049

Goodwill
—

 
—

 
1,986,467

 
4,279

 
—

 
1,990,746

Indefinite-lived intangible assets
—

 
—

 
140,597

 
15,709

 
—

 
156,306

Definite-lived intangible assets
—

 
—

 
1,770,512

 
233,368

 
(59,477
)
 
1,944,403

Total assets
$
605,217

 
$
4,687,476

 
$
5,189,030

 
$
633,941

 
$
(5,152,496
)
 
$
5,963,168

 
 
 
 
 
 
 
 
 
 
 
 
Accounts payable and accrued liabilities
$
100

 
$
69,118

 
$
231,640

 
$
48,860

 
$
(21,173
)
 
$
328,545

Current portion of long-term debt
—

 
55,501

 
1,851

 
113,779

 
—

 
171,131

Current portion of affiliate long-term debt
1,857

 
—

 
1,514

 
2,336

 
(2,103
)
 
3,604

Other current liabilities
—

 
—

 
121,972

 
13,545

 
(2,324
)
 
133,193

Total current liabilities
1,957

 
124,619

 
356,977

 
178,520

 
(25,600
)
 
636,473

 
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
3,939,463

 
31,014

 
44,455

 
—

 
4,014,932

Affiliate long-term debt
—

 
—

 
12,663

 
396,957

 
(395,439
)
 
14,181

Other liabilities
15,277

 
31,817

 
1,190,717

 
183,418

 
(681,583
)
 
739,646

Total liabilities
17,234

 
4,095,899

 
1,591,371

 
803,350

 
(1,102,622
)
 
5,405,232

 
 
 
 
 
 
 
 
 
 
 
 
Total Sinclair Broadcast Group equity
587,983

 
591,577

 
3,597,659

 
(134,991
)
 
(4,054,245
)
 
587,983

Noncontrolling interests in consolidated subsidiaries
—

 
—

 
—

 
(34,418
)
 
4,371

 
(30,047
)
Total liabilities and equity
$
605,217

 
$
4,687,476

 
$
5,189,030

 
$
633,941

 
$
(5,152,496
)
 
$
5,963,168
Schedule of condensed consolidating statement of operations and comprehensive income
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2017
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Net revenue
$
—

 
$
—

 
$
2,593,623

 
$
221,377

 
$
(80,882
)
 
$
2,734,118

 
 
 
 
 
 
 
 
 
 
 
 
Media production expenses
—

 
—

 
1,011,965

 
124,044

 
(72,935
)
 
1,063,074

Selling, general and administrative
9,204

 
102,930

 
522,039

 
14,800

 
(2,183
)
 
646,790

Depreciation, amortization and other operating expenses
984

 
6,250

 
219,390

 
62,924

 
(2,800
)
 
286,748

Total operating expenses
10,188

 
109,180

 
1,753,394

 
201,768

 
(77,918
)
 
1,996,612

 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income
(10,188
)
 
(109,180
)
 
840,229

 
19,609

 
(2,964
)
 
737,506

 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of consolidated subsidiaries
579,954

 
793,620

 
(16
)
 
—

 
(1,373,558
)
 
—

Interest expense
(88
)
 
(205,107
)
 
(4,586
)
 
(21,643
)
 
19,109

 
(212,315
)
Other income (expense)
1,678

 
5,077

 
(5,790
)
 
(7,412
)
 
—

 
(6,447
)
Total other income (expense)
581,544

 
593,590

 
(10,392
)
 
(29,055
)
 
(1,354,449
)
 
(218,762
)
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit (provision)
4,657

 
100,473

 
(30,171
)
 
401

 
—

 
75,360

Net income (loss)
576,013

 
584,883

 
799,666

 
(9,045
)
 
(1,357,413
)
 
594,104

Net income attributable to the noncontrolling interests
—

 
—

 
—

 
(17,738
)
 
(353
)
 
(18,091
)
Net income (loss) attributable to Sinclair Broadcast Group
$
576,013

 
$
584,883

 
$
799,666

 
$
(26,783
)
 
$
(1,357,766
)
 
$
576,013

Comprehensive income (loss)
$
593,488

 
$
584,267

 
$
799,666

 
$
(9,045
)
 
$
(1,374,888
)
 
$
593,488

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2016
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Net revenue
$
—

 
$
—

 
$
2,579,284

 
$
265,855

 
$
(108,190
)
 
$
2,736,949

 
 
 
 
 
 
 
 
 
 
 
 
Media production expenses
—

 
—

 
918,200

 
135,511

 
(100,622
)
 
953,089

Selling, general and administrative
4,062

 
70,503

 
489,882

 
10,804

 
(106
)
 
575,145

Depreciation, amortization and other operating expenses
1,064

 
7,331

 
465,680

 
133,810

 
(2,023
)
 
605,862

Total operating expenses
5,126

 
77,834

 
1,873,762

 
280,125

 
(102,751
)
 
2,134,096

 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income
(5,126
)
 
(77,834
)
 
705,522

 
(14,270
)
 
(5,439
)
 
602,853

 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of consolidated subsidiaries
244,580

 
463,598

 
220

 
—

 
(708,398
)
 
—

Interest expense
(238
)
 
(198,893
)
 
(4,481
)
 
(32,521
)
 
24,990

 
(211,143
)
Other income (expense)
3,613

 
(22,867
)
 
715

 
(281
)
 
—

 
(18,820
)
Total other income (expense)
247,955

 
241,838

 
(3,546
)
 
(32,802
)
 
(683,408
)
 
(229,963
)
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit (provision)
2,472

 
99,148

 
(231,504
)
 
7,756

 
—

 
(122,128
)
Net income (loss)
245,301

 
263,152

 
470,472

 
(39,316
)
 
(688,847
)
 
250,762

Net income attributable to the noncontrolling interests
—

 
—

 
—

 
(4,937
)
 
(524
)
 
(5,461
)
Net income (loss) attributable to Sinclair Broadcast Group
$
245,301

 
$
263,152

 
$
470,472

 
$
(44,253
)
 
$
(689,371
)
 
$
245,301

Comprehensive income (loss)
$
250,789

 
$
263,179

 
$
470,472

 
$
(39,316
)
 
$
(694,335
)
 
$
250,789

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME
FOR THE YEAR ENDED DECEMBER 31, 2015
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
Net revenue
$
—

 
$
—

 
$
2,076,851

 
$
221,633

 
$
(79,348
)
 
$
2,219,136

 
 
 
 
 
 
 
 
 
 
 
 
Media production expenses
—

 
—

 
725,037

 
82,450

 
(74,288
)
 
733,199

Selling, general and administrative
4,441

 
58,543

 
418,885

 
14,272

 
(167
)
 
495,974

Depreciation, amortization and other operating expenses
1,065

 
3,779

 
433,690

 
131,373

 
(2,680
)
 
567,227

Total operating expenses
5,506

 
62,322

 
1,577,612

 
228,095

 
(77,135
)
 
1,796,400

 
 
 
 
 
 
 
 
 
 
 
 
Operating (loss) income
(5,506
)
 
(62,322
)
 
499,239

 
(6,462
)
 
(2,213
)
 
422,736

 
 
 
 
 
 
 
 
 
 
 
 
Equity in earnings of consolidated subsidiaries
170,104

 
343,183

 
195

 
—

 
(513,482
)
 
—

Interest expense
(382
)
 
(180,166
)
 
(4,658
)
 
(30,022
)
 
23,781

 
(191,447
)
Other income (expense)
4,765

 
(151
)
 
269

 
(2,379
)
 
—

 
2,504

Total other income (expense)
174,487

 
162,866

 
(4,194
)
 
(32,401
)
 
(489,701
)
 
(188,943
)
 
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit (provision)
2,543

 
81,626

 
(146,331
)
 
4,468

 
—

 
(57,694
)
Net income (loss)
171,524

 
182,170

 
348,714

 
(34,395
)
 
(491,914
)
 
176,099

Net income attributable to the noncontrolling interests
—

 
—

 
—

 
(4,914
)
 
339

 
(4,575
)
Net income (loss) attributable to Sinclair Broadcast Group
$
171,524

 
$
182,170

 
$
348,714

 
$
(39,309
)
 
$
(491,575
)
 
$
171,524

Comprehensive income (loss)
$
181,720

 
$
187,791

 
$
351,760

 
$
(39,309
)
 
$
(500,242
)
 
$
181,720
Schedule of condensed consolidating statement of cash flows
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2017
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES
$
(8,659
)
 
$
(180,966
)
 
$
599,761

 
$
12,424

 
$
8,544

 
431,104

CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Acquisition of property and equipment
(130
)
 
(14,973
)
 
(68,475
)
 
(2,930
)
 
2,696

 
(83,812
)
Acquisition of businesses, net of cash acquired
—

 
(8,308
)
 
(262,965
)
 
—

 
—

 
(271,273
)
Purchase of alarm monitoring contracts
—

 
—

 
—

 
(5,682
)
 
—

 
(5,682
)
Proceeds from sale of assets
—

 
—

 
—

 
192,634

 
—

 
192,634

Investments in equity and cost method investees
(946
)
 
(720
)
 
(20,701
)
 
(32,762
)
 
—

 
(55,129
)
Other, net
6,597

 
11,551

 
768

 
6,321

 
—

 
25,237

Net cash flows (used in) from investing activities
5,521

 
(12,450
)
 
(351,373
)
 
157,581

 
2,696

 
(198,025
)
 
 
 


 
 
 
 
 
 
 


CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Proceeds from notes payable, commercial bank financing and capital leases
—

 
159,669

 
—

 
7,128

 
—

 
166,797

Repayments of notes payable, commercial bank financing and capital leases
—

 
(213,919
)
 
(1,865
)
 
(120,717
)
 
—

 
(336,501
)
Proceeds from the sale of Class A Common Stock
487,883

 
—

 
—

 
—

 
—

 
487,883

Dividends paid on Class A and Class B Common Stock
(71,364
)
 
—

 
—

 
—

 
—

 
(71,364
)
Repurchase of outstanding Class A Common Stock
(30,287
)
 
—

 
—

 
—

 
—

 
(30,287
)
Noncontrolling interests distributions
—

 
—

 
—

 
(22,416
)
 
—

 
(22,416
)
Increase (decrease) in intercompany payables
(381,344
)
 
660,911

 
(242,402
)
 
(25,605
)
 
(11,560
)
 
—

Other, net
(1,750
)
 
288

 
(2,523
)
 
(2,184
)
 
320

 
(5,849
)
Net cash flows (used in) from financing activities
3,138

 
606,949

 
(246,790
)
 
(163,794
)
 
(11,240
)
 
188,263

 


 


 


 


 


 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
—

 
413,533

 
1,598

 
6,211

 
—

 
421,342

CASH AND CASH EQUIVALENTS, beginning of period
—

 
232,297

 
10,675

 
17,012

 
—

 
259,984

CASH AND CASH EQUIVALENTS, end of period
$
—

 
$
645,830

 
$
12,273

 
$
23,223

 
$
—

 
$
681,326

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2016
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES
$
(11,784
)
 
$
(150,230
)
 
$
721,991

 
$
7,914

 
$
23,875

 
$
591,766

CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
 

 
 

 
 

 
 

 
 

 
 

Acquisition of property and equipment
—

 
(8,006
)
 
(82,450
)
 
(5,009
)
 
1,000

 
(94,465
)
Acquisition of businesses, net of cash acquired
—

 
—

 
(415,482
)
 
(10,375
)
 
—

 
(425,857
)
Purchase of alarm monitoring contracts
—

 
—

 
—

 
(40,206
)
 
—

 
(40,206
)
Proceeds from sale of broadcast assets
—

 
—

 
7,263

 
9,133

 
—

 
16,396

Investments in equity and cost method investees
(2,945
)
 
(15,620
)
 
(27
)
 
(32,655
)
 
—

 
(51,247
)
Other, net
1,714

 
(21,395
)
 
3,985

 
5,072

 
—

 
(10,624
)
Net cash flows (used in) from investing activities
(1,231
)
 
(45,021
)
 
(486,711
)
 
(74,040
)
 
1,000

 
(606,003
)
 
 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES:
 

 
 

 
 

 
 

 
 

 
 

Proceeds from notes payable, commercial bank financing and capital leases
—

 
995,000

 
—

 
29,912

 
—

 
1,024,912

Repayments of notes payable, commercial bank financing and capital leases
—

 
(650,422
)
 
(1,633
)
 
(19,160
)
 
—

 
(671,215
)
Dividends paid on Class A and Class B Common Stock
(65,909
)
 
—

 
—

 
—

 
—

 
(65,909
)
Repurchase of outstanding Class A Common Stock
(136,283
)
 
—

 
—

 
—

 
—

 
(136,283
)
Payments for deferred financing costs
—

 
(15,430
)
 
—

 
(251
)
 
—

 
(15,681
)
Noncontrolling interest distributions
—

 
—

 
—

 
(10,464
)
 
—

 
(10,464
)
Increase (decrease) in intercompany payables
218,054

 
(17,778
)
 
(224,551
)
 
49,403

 
(25,128
)
 
—

Other, net
(2,847
)
 
407

 
1,344

 
(268
)
 
253

 
(1,111
)
Net cash flows (used in) from financing activities
13,015

 
311,777

 
(224,840
)
 
49,172

 
(24,875
)
 
124,249

 
 
 
 
 
 
 
 
 
 
 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
—

 
116,526

 
10,440

 
(16,954
)
 
—

 
110,012

CASH AND CASH EQUIVALENTS, beginning of period
—

 
115,771

 
235

 
33,966

 
—

 
149,972

CASH AND CASH EQUIVALENTS, end of period
$
—

 
$
232,297

 
$
10,675

 
$
17,012

 
$
—

 
$
259,984



CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2015
(In thousands)
 
 
Sinclair
Broadcast
Group, Inc.
 
Sinclair
Television
Group, Inc.
 
Guarantor
Subsidiaries
and KDSM,
LLC
 
Non-
Guarantor
Subsidiaries
 
Eliminations
 
Sinclair
Consolidated
NET CASH FLOWS (USED IN) FROM OPERATING ACTIVITIES
$
(3,759
)
 
$
(131,363
)
 
$
530,768

 
$
(16,864
)
 
$
24,145

 
$
402,927

CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Acquisition of property and equipment
—

 
(6,605
)
 
(84,079
)
 
(2,586
)
 
1,849

 
(91,421
)
Acquisition of businesses, net of cash acquired
—

 
—

 
(17,011
)
 
—

 
—

 
(17,011
)
Purchase of alarm monitoring contracts
—

 
—

 
—

 
(39,185
)
 
—

 
(39,185
)
Proceeds from sale of broadcast assets
—

 
—

 
23,650

 
—

 
—

 
23,650

Investments in equity and cost method investees
—

 
(8,998
)
 
(27
)
 
(35,690
)
 
—

 
(44,715
)
Other, net
4,598

 
(5,447
)
 
575

 
17,645

 
—

 
17,371

Net cash flows (used in) from investing activities
4,598

 
(21,050
)
 
(76,892
)
 
(59,816
)
 
1,849

 
(151,311
)
 
 
 
 
 
 
 
 
 
 
 
 
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES:
 
 
 
 
 
 
 
 
 
 
 
Proceeds from notes payable, commercial bank financing and capital leases
—

 
349,562

 
—

 
33,325

 
—

 
382,887

Repayments of notes payable, commercial bank financing and capital leases
(528
)
 
(382,691
)
 
(1,286
)
 
(10,642
)
 
—

 
(395,147
)
Dividends paid on Class A and Class B Common Stock
(62,733
)
 
—

 
—

 
—

 
—

 
(62,733
)
Repurchases of outstanding Class A Common Stock
(28,823
)
 
—

 
—

 
—

 
—

 
(28,823
)
Payments for deferred financing costs
—

 
(3,604
)
 
—

 
(243
)
 
—

 
(3,847
)
Noncontrolling interest distributions
—

 
—

 
—

 
(9,918
)
 
—

 
(9,918
)
Increase (decrease) in intercompany payables
89,319

 
303,755

 
(452,897
)
 
85,953

 
(26,130
)
 
—

Other, net
1,926

 
(2,232
)
 
(1,207
)
 
(368
)
 
136

 
(1,745
)
Net cash flows (used in) from financing activities
(839
)
 
264,790

 
(455,390
)
 
98,107

 
(25,994
)
 
(119,326
)
 
 
 
 
 
 
 
 
 
 
 
 
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
—

 
112,377

 
(1,514
)
 
21,427

 
—

 
132,290

CASH AND CASH EQUIVALENTS, beginning of period
—

 
3,394

 
1,749

 
12,539

 
—

 
17,682

CASH AND CASH EQUIVALENTS, end of period
$
—

 
$
115,771

 
$
235

 
$
33,966

 
$
—

 
$
149,972