XML 55 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables)
 12 Months Ended
Dec. 31, 2018
Discontinued operations and assets held for sale [Abstract]  
Disposal Groups, Including Discontinued Operations [Table Text Block]
The carrying amounts of the major classes of assets and liabilities of our discontinued operations that are classified as held for sale in the consolidated balance sheets at December 31, 2018 and December 31, 2017 were:
 
December 31, 2018

 
December 31, 2017

Assets held for sale
 
 
 
Cash and cash equivalents
$
—

 
$
4,939

Accounts receivable, net
—

 
18,273

Program rights, net
—

 
26,254

Property, plant and equipment, net
—

 
7,169

Other assets
—

 
3,058

Total assets held for sale
$
—

 
$
59,693

 
 
 
 
Liabilities held for sale
 
 
 
Accounts payable and accrued liabilities
$
—

 
$
13,894

Other liabilities
—

 
362

Total liabilities held for sale
$
—

 
$
14,256

Income / (loss) from discontinued operations, net of tax comprised the following for the years ended December 31, 2018, 2017 and 2016:
 
For The Year Ended December 31,
 
2018

 
2017

 
2016

Net revenues
$
36,885

 
$
57,843

 
$
55,007

Cost of revenues
23,863

 
38,766

 
41,345

Selling, general and administrative expenses
6,853

 
13,572

 
7,811

Operating income
6,169

 
5,505

 
5,851

Interest expense (1)
(2,766
)
 
(6,024
)
 
(5,846
)
Other non-operating income / (expense), net
126

 
109

 
(245
)
Income / (loss) from discontinued operations, before tax, before gain on sale
3,529

 
(410
)
 
(240
)
Gain on sale of divested businesses
58,442

 
—

 
—

Income / (loss) from discontinued operations, before tax
61,971

 
(410
)
 
(240
)
Provision for income taxes
(1,423
)
 
(1,226
)
 
(678
)
Income / (loss) from discontinued operations, net of tax
$
60,548

 
$
(1,636
)
 
$
(918
)
(1) 
For the years ended December 31, 2018, 2017 and 2016, we paid US$ 7.0 million, US$ 4.2 million and US$ 6.8 million, respectively, of interest and Guarantee Fees associated with the 2019 Euro Loan and the 2021 Euro Loan (each as defined in Note 5, "Long-term Debt and Other Financing Arrangements"). These payments were allocated to Net cash provided by / (used in) discontinued operations - operating activities in our consolidated statements of cash flows as we were required to apply the proceeds from the Divestment Transaction towards the repayment of debt and related