v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
|
|
|
Cash flows from operating activities: |
|
|
|
Net income |
$ 12,161
|
$ 175,698
|
$ 20,405
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
Depreciation and amortization |
16,273
|
16,411
|
15,342
|
Cost of revenue - television (spectrum usage rights) |
|
12,340
|
|
Impairment loss on investment |
1,320
|
|
|
Deferred income taxes |
4,612
|
81,766
|
12,528
|
Non-cash interest |
1,124
|
3,237
|
776
|
Amortization of syndication contracts |
651
|
452
|
398
|
Payments on syndication contracts |
(643)
|
(445)
|
(388)
|
Equity in net (income) loss of nonconsolidated affiliate |
1,374
|
310
|
|
Non-cash stock-based compensation |
5,787
|
6,091
|
5,035
|
(Gain) loss on sale of property |
|
28
|
|
(Gain) loss on debt extinguishment |
550
|
3,306
|
161
|
Changes in assets and liabilities: |
|
|
|
(Increase) decrease in trade receivables, net |
5,895
|
414
|
1,397
|
(Increase) decrease in prepaid expenses and other current assets |
(5,581)
|
(913)
|
439
|
Increase (decrease) in accounts payable, accrued expenses and other liabilities |
(9,727)
|
2,825
|
1,203
|
Net cash provided by operating activities |
33,796
|
301,520
|
57,296
|
Cash flows from investing activities: |
|
|
|
Proceeds from sale of property and equipment and intangibles |
33
|
50
|
|
Purchases of property and equipment |
(17,006)
|
(12,078)
|
(9,053)
|
Purchases of intangibles |
(3,153)
|
(32,588)
|
|
Purchase of a businesses, net of cash acquired |
(3,522)
|
(29,149)
|
|
Purchases of marketable securities |
(159,403)
|
|
|
Proceeds from marketable securities |
25,000
|
|
|
Purchases of short term investments: CDs |
|
|
(30,000)
|
Proceeds from short term investments: CDs |
|
|
30,000
|
Purchases of investments |
(1,495)
|
(2,450)
|
(500)
|
Deposits on acquisition |
|
(190)
|
|
Net cash used in investing activities |
(159,546)
|
(76,405)
|
(9,553)
|
Cash flows from financing activities: |
|
|
|
Proceeds from stock option exercises |
249
|
708
|
780
|
Tax payments related to shares withheld for share-based compensation plans |
(2,268)
|
(798)
|
|
Payments on long-term debt |
(53,000)
|
(293,563)
|
(23,750)
|
Dividends paid |
(17,782)
|
(14,670)
|
(11,177)
|
Repurchase of Class A common stock |
(13,812)
|
(5,330)
|
|
Payment of contingent consideration |
(2,015)
|
(3,819)
|
|
Termination of swap agreements |
|
(2,441)
|
|
Proceeds from borrowings on long-term debt |
|
298,500
|
|
Payments of capitalized debt offering and issuance costs |
|
(3,382)
|
|
Net cash used in financing activities |
(88,628)
|
(24,795)
|
(34,147)
|
Effect of exchange rates on cash, cash equivalents and restricted cash |
(11)
|
14
|
|
Net increase (decrease) in cash, cash equivalents and restricted cash |
(214,389)
|
200,334
|
13,596
|
Cash, cash equivalents and restricted cash: |
|
|
|
Beginning |
261,854
|
61,520
|
47,924
|
Ending |
47,465
|
261,854
|
61,520
|
Cash payments for: |
|
|
|
Interest |
14,619
|
13,472
|
14,693
|
Income taxes |
3,265
|
846
|
593
|
Supplemental disclosures of non-cash investing and financing activities: |
|
|
|
Capital expenditures financed through accounts payable, accrued expenses and other liabilities |
660
|
1,678
|
$ 1,068
|
Contingent consideration included in accounts payable, accrued expenses and other liabilities |
$ 8,119
|
$ 12,107
|
|
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