XML 23 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 43,994 $ 70,703
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation of property and equipment 27,325 23,981
Amortization of definite-lived intangible and other assets 43,605 45,554
Amortization of program contract costs and net realizable value adjustments 26,950 31,019
Loss on extinguishment of debt, non-cash portion 0 1,404
Stock-based compensation expense 6,956 7,571
Deferred tax benefit (16,342) (4,269)
Gain on asset disposition, net of impairment (20,324) (53,347)
Loss from equity and cost method investments (12,593) (1,504)
Change in assets and liabilities, net of acquisitions:    
Decrease in accounts receivable 26,504 1,543
Increase in prepaid expenses and other current assets (18,353) (5,539)
Decrease in accounts payable and accrued liabilities (8,473) (58,945)
Net change in net income taxes payable/receivable 241 32,513
Payments on program contracts payable (28,492) (28,600)
Other, net 4,759 4,550
Net cash flows from operating activities 100,943 69,642
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (22,219) (20,774)
Acquisition of businesses, net of cash acquired 0 (8,000)
Proceeds from the sale of assets 49 195,149
Investments in equity and cost method investees (7,750) (3,080)
Distributions from equity and cost method investees 10,832 3,272
Other, net (1,862) (8,408)
Net cash flows (used in) from investing activities (20,950) 158,159
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 363 163,089
Repayments of notes payable, commercial bank financing and capital leases (16,950) (284,422)
Net proceeds from the sale of Class A Common Stock 0 487,883
Dividends paid on Class A and Class B Common Stock (18,392) (16,257)
Other, net (2,659) (17,884)
Net cash flows (used in) from financing activities (37,638) 332,409
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 42,355 560,210
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 995,940 260,184
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 1,038,295 $ 820,394