XML 22 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 345,998 $ 594,104 [1] $ 250,762 [1]
Adjustments to reconcile net income to net cash flows from operating activities:      
Depreciation of property and equipment 105,240 97,103 [1] 98,529 [1]
Amortization of definite-lived intangible and other assets 174,848 178,822 [1] 183,795 [1]
Amortization of program contract costs and net realizable value adjustments 100,899 115,523 [1] 127,880 [1]
Loss on extinguishment of debt 0 1,404 [1] 23,699 [1]
Stock-based compensation 26,516 15,886 [1] 16,939 [1]
Deferred tax (benefit) provision (102,621) (159,462) [1] 6,118 [1]
Gain on asset dispositions, net of impairment (19,325) (278,608) [1] (6,029) [1]
Loss (income) from equity method investments 60,831 14,307 [1] (906) [1]
Changes in assets and liabilities, net of effects of acquisitions and dispositions:      
Increase in accounts receivable (36,680) (41,908) [1] (71,718) [1]
Net change in net income taxes payable/receivable 48,703 (43,374) [1] 18,814 [1]
Increase in prepaid expenses and other current assets (9,905) (9,409) [1] (969) [1]
Increase in accounts payable and accrued liabilities 23,666 34,857 [1] 60,086 [1]
Payments on program contracts payable (107,983) (111,470) [1] (111,506) [1]
Other, net 37,231 23,638 [1] 16,096 [1]
Net cash flows from operating activities 647,418 431,413 [1] 611,590 [1]
CASH FLOWS (USED IN) FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (105,061) (83,812) [1] (94,465) [1]
Acquisition of businesses, net of cash acquired 0 (271,273) [1] (425,657) [1]
Spectrum auction proceeds 0 310,802 [1] 0 [1]
Proceeds from the sale of assets 1,616 195,209 [1] 17,202 [1]
Purchase of alarm monitoring contracts 0 (5,682) [1] (40,206) [1]
Investments in equity investees (35,805) (55,129) [1] (51,247) [1]
Distributions from equity method investees 22,834 12,178 [1] 6,786 [1]
Loans to affiliates 0 19,500 [1] (19,500) [1]
Other, net (1,795) (7,209) [1] (2,441) [1]
Net cash flows (used in) from investing activities (118,211) 114,584 [1] (609,528) [1]
CASH FLOWS (USED IN) FROM FINANCING ACTIVITIES:      
Proceeds from notes payable, commercial bank financing and capital leases 4,317 166,797 [1] 1,024,912 [1]
Repayments of notes payable, commercial bank financing and capital leases (166,785) (340,108) [1] (674,439) [1]
Proceeds from the sale of Class A Common Stock 0 487,883 [1] 0 [1]
Repurchase of outstanding Class A Common Stock (220,889) (30,287) [1] (136,283) [1]
Dividends paid on Class A and Class B Common Stock (74,566) (71,364) [1] (65,909) [1]
Payments for deferred financing costs (922) (731) [1] (35,505) [1]
Distributions to noncontrolling interests (8,901) (22,416) [1] (10,464) [1]
Other, net 2,929 (15) [1] 2,113 [1]
Net cash flows (used in) from financing activities (464,817) 189,759 [1] 104,425 [1]
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 64,390 735,756 [1] 106,487 [1]
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, beginning of year [1] 995,940 260,184 153,697
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, end of year $ 1,060,330 $ 995,940 [1] $ 260,184 [1]
[1] See Recent Accounting Pronouncements within Note 1. Nature of Operations and Summary of Significant Accounting Policies for a discussion of the adoption of new accounting principles related to the classification of certain cash receipts and cash payments.