v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net income (loss) $ (39,417) $ 3,055
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Depreciation and amortization 75,658 77,156
Losses (gains), net on disposal of property and equipment (31,488) (10)
Loss on extinguishment of debt 2,972 0
Programming assets and liabilities 13,223 3,411
Restructuring impairment charges 1,397 0
Losses (gains) on sale of investments (42) (18,018)
Deferred income taxes (16,850) (9,792)
Stock and deferred compensation plans 14,192 12,756
Pension contributions, net of income/expense 61 (998)
Other changes in certain working capital accounts, net (48,935) (3,395)
Miscellaneous, net 15,371 7,632
Net cash provided by (used in) operating activities (13,858) 71,797
Cash Flows from Investing Activities:    
Additions to property and equipment (17,245) (45,705)
Purchase of investments (6,928) (1,606)
Proceeds from sale of property and equipment 40,664 225
Proceeds from sale of investments 42 18,108
Net cash provided by (used in) investing activities 16,533 (28,978)
Cash Flows from Financing Activities:    
Net borrowings (payments) under revolving credit facility 70,000 (40,000)
Proceeds received from accounts receivable securitization facility 422,600 0
Payments on accounts receivable securitization facility (57,100) 0
Proceeds from issuance of long-term debt 885,369 0
Payments on long-term debt (1,266,427) (7,806)
Payments of deferred financing costs (43,195) 0
Payments of debt extinguishment costs (2,819) 0
Tax payments related to shares withheld for vested stock and RSUs (874) (1,785)
Miscellaneous, net (2,421) (1,896)
Net cash provided by (used in) financing activities 5,133 (51,487)
Increase (decrease) in cash and cash equivalents 7,808 (8,668)
Cash and cash equivalents:    
Beginning of year 23,852 35,319
End of period 31,660 26,651
Supplemental Cash Flow Disclosures    
Interest paid 81,906 101,158
Income taxes paid 12,729 34,570
Non-cash investing information    
Accrued capital expenditures $ 2,602 $ 471