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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 138,304 $ 149,303
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation of property and equipment 75,477 72,026
Amortization of definite-lived intangible and other assets 131,322 132,299
Amortization of program contract costs and net realizable value adjustments 76,142 87,962
Stock-based compensation expense 20,832 12,905
Deferred tax benefit (69,937) (13,285)
Gain on asset disposition, net of impairment (24,230) (53,531)
Loss from equity investments 55,339 5,136
Change in assets and liabilities, net of acquisitions:    
(Increase) decrease in accounts receivable (47,923) 2,167
Increase in prepaid expenses and other current assets (20,321) (1,257)
Increase (decrease) in accounts payable and accrued liabilities 54,057 (28,237)
Net change in net income taxes payable/receivable 39,967 (21,571)
Decrease in program contracts payable (82,993) (84,499)
Other, net 26,869 18,793
Net cash flows from operating activities 372,905 278,211
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (77,618) (55,463)
Acquisition of businesses, net of cash acquired 0 (269,799)
Proceeds from the sale of assets 1,087 195,182
Investments in equity investees (25,624) (22,302)
Distributions from equity investees 23,533 6,642
Spectrum auction proceeds 0 310,802
Other, net (7,866) (13,414)
Net cash flows (used in) from investing activities (86,488) 151,648
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES:    
Proceeds from notes payable and commercial bank financing 3,343 166,041
Repayments of notes payable, commercial bank financing and capital leases (154,244) (318,309)
Net proceeds from the sale of Class A Common Stock 0 487,883
Dividends paid on Class A and Class B Common Stock (55,205) (53,049)
Distributions to noncontrolling interests (6,871) (20,469)
Repurchase of outstanding Class A Common Stock (45,904) (30,287)
Other, net 1,006 (5,357)
Net cash flows (used in) from financing activities (257,875) 226,453
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 28,542 656,312
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of period 995,940 260,184
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of period $ 1,024,482 $ 916,496