| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net income including noncontrolling interests | ||||||||||
407,716 | 463,967 | 489,637 | 289,963 | 381,704 | 264,425 | 290,160 | 136,530 | 126,362 | 118,189 | 88,547 |
Loss from discontinued operations | ||||||||||
- | - | - | - | - | -3,448 | 0 | 314 | - | - | - |
Adjustments to reconcile net income to net cash from operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
101,098 | 91,281 | 94,638 | 84,778 | 83,031 | 69,048 | 54,667 | 85,380 | 99,848 | 106,455 | 106,504 |
Impairment and related charges | ||||||||||
106,603 | 4,486 | 17,112 | 67,805 | 0 | 0 | - | - | - | - | - |
Share-based compensation expense related to equity classified awards | ||||||||||
64,100 | 61,000 | 53,500 | 38,897 | 31,020 | 28,363 | 20,299 | 17,202 | 16,012 | 16,267 | 13,716 |
Non-cash restructuring and other related charges | ||||||||||
14,098 | 7,440 | 0 | 0 | - | - | - | - | - | - | 1,731 |
Amortization and write-off of program rights | ||||||||||
974,835 | 961,134 | 954,238 | 862,302 | 748,545 | 629,846 | 497,608 | 355,477 | 278,728 | 219,859 | 184,096 |
Amortization of deferred carriage fees | ||||||||||
21,587 | 17,342 | 17,605 | 16,990 | 16,018 | 11,362 | 10,590 | 9,211 | 23,962 | 25,213 | 23,646 |
Unrealized foreign currency transaction loss (gain) | ||||||||||
16,325 | -2,057 | 15,258 | -37,770 | -26,775 | -23,292 | 6,543 | 0 | 0 | - | - |
Unrealized (gain) loss on derivative contracts, net | ||||||||||
0 | 43,476 | 27,233 | 1,920 | -2,015 | 1,780 | 4,313 | -8,739 | 0 | 0 | - |
Amortization of deferred financing costs and discounts on indebtedness | ||||||||||
8,007 | 7,715 | 8,436 | 9,341 | 9,003 | 8,676 | 11,124 | 10,406 | 12,159 | 3,773 | 3,962 |
Loss on extinguishment of debt | ||||||||||
0 | 0 | -3,000 | -50,639 | 0 | 0 | -1,087 | -10,774 | -14,726 | 0 | 0 |
Bad debt expense | ||||||||||
12,641 | 7,399 | 3,567 | 1,924 | 1,705 | 1,028 | 1,440 | -1,265 | 338 | 1,484 | 2,528 |
Deferred income taxes | ||||||||||
-38,916 | 33,367 | -48,665 | 11,642 | 19,616 | 1,207 | 171,504 | -88,514 | 69,160 | 80,744 | 61,975 |
Write-down of non-marketable equity securities and note receivable | ||||||||||
20,206 | 0 | 0 | - | - | - | - | - | - | - | - |
Excess tax benefits from share-based compensation arrangements | ||||||||||
- | - | - | 789 | 4,610 | 6,798 | 4,975 | 7,484 | 0 | 0 | - |
Gain on investments | ||||||||||
- | - | - | - | 16,632 | 4,789 | 0 | 0 | - | - | - |
Other, net | ||||||||||
-2,832 | 5,311 | -11,014 | -6,383 | 857 | 3,914 | -1,452 | -100 | -240 | 0 | - |
Changes in assets and liabilities: | ||||||||||
Accounts receivable, trade (including amounts due from related parties, net) | ||||||||||
43,345 | 52,106 | 74,561 | 26,496 | 110,964 | 72,984 | 80,083 | 11,717 | 44,750 | 36,422 | 27,641 |
Amounts due from related parties, net | ||||||||||
- | - | - | - | - | -2,768 | -2,033 | 6,001 | 9,602 | -5,049 | -4,004 |
Prepaid expenses and other assets | ||||||||||
142,303 | 2,789 | 59,979 | 4,981 | 24,355 | 3,869 | 52,836 | 24,842 | 3,439 | -3,962 | 4,220 |
Program rights and obligations, net | ||||||||||
-969,900 | -978,763 | -996,816 | -973,193 | -839,123 | -690,237 | -517,343 | -412,493 | -358,929 | -288,319 | 222,111 |
Income taxes payable | ||||||||||
1,219 | -17,006 | -21,966 | 43,153 | -4,796 | 24,140 | -111,881 | 116,740 | -52 | -164 | - |
Deferred revenue | ||||||||||
8,667 | -6,392 | -11,553 | -9,836 | 27,495 | 10,293 | -337,700 | 337,207 | 6,039 | 1,631 | - |
Deferred carriage fees, net | ||||||||||
15,033 | 4,250 | 4,617 | 10,396 | 19,616 | 13,063 | 10,638 | 3,894 | 3,640 | 3,031 | 585 |
Accounts payable, accrued liabilities and other liabilities | ||||||||||
-28,408 | 48,851 | 15,609 | 33,115 | 42,351 | 87,472 | 17,789 | 38,090 | 28,551 | 11,305 | -1,007 |
Net cash provided by operating activities | ||||||||||
483,748 | 606,547 | 385,729 | 514,325 | 370,039 | 375,762 | -49,463 | 569,132 | 255,233 | 265,995 | 204,002 |
Program rights obligations | ||||||||||
- | - | - | - | - | - | - | - | - | - | -27,840 |
Deferred carriage fees payable | ||||||||||
- | - | - | - | - | - | - | - | - | - | -3,303 |
Cash flows from investing activities: | ||||||||||
Capital expenditures | ||||||||||
91,604 | 89,802 | 80,049 | 79,220 | 68,321 | 39,739 | 24,303 | 18,557 | 15,371 | 17,243 | 13,419 |
Return of capital from investees | ||||||||||
5,380 | 4,088 | 2,447 | 0 | 0 | - | - | - | - | - | - |
Investments in and loans to investees | ||||||||||
3,483 | 90,081 | 53,000 | 95,000 | 24,250 | 5,375 | 2,500 | 750 | 0 | 0 | - |
Proceeds from sale of investments | ||||||||||
0 | 84,389 | 0 | 354 | 24,199 | 1,184,587 | 0 | 185 | 320 | 320 | 470 |
Proceeds from sale of equipment, net of costs of disposal | ||||||||||
- | - | - | - | - | - | - | 100 | 0 | 406 | 720 |
Proceeds from insurance settlements | ||||||||||
- | - | - | - | - | 654 | 657 | 0 | 0 | - | - |
Net cash used in investing activities | ||||||||||
-89,707 | -260,184 | -130,602 | -174,574 | -116,770 | -1,223,210 | -26,146 | -19,392 | -15,691 | -17,157 | -13,169 |
Proceeds from the sale of an investment | ||||||||||
- | - | - | - | - | 5,837 | 0 | 0 | - | - | - |
Cash flows from financing activities: | ||||||||||
Proceeds from the issuance of long-term debt | ||||||||||
1,521 | 289 | 1,536,000 | 982,500 | 0 | 600,000 | 880,000 | 589,500 | 1,442,364 | 0 | - |
Capital contributions from related party | ||||||||||
- | - | - | - | - | - | - | - | 20,813 | 204,018 | 682 |
Capital distributions to related party | ||||||||||
- | - | - | - | - | - | - | - | 20,813 | 53,754 | 10,122 |
Principal payments on long-term debt | ||||||||||
22,988 | 0 | 1,257,965 | 848,000 | 74,000 | 0 | 880,000 | 742,025 | 1,516,340 | 105,000 | 120,000 |
Payment of promissory note | ||||||||||
- | - | - | - | 40,000 | 0 | 0 | - | - | - | - |
Premium and fees paid on extinguishment of debt | ||||||||||
- | - | - | 40,954 | 0 | 0 | - | - | - | - | - |
Redemption of senior notes | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 |
Redemption of senior subordinated notes, including tender premium and fees | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 |
Payments for financing costs | ||||||||||
0 | 0 | 10,405 | 2,070 | 0 | 9,266 | 12,994 | 1,421 | 27,414 | 0 | 0 |
Deemed repurchases of restricted stock units | ||||||||||
23,018 | 16,836 | 14,496 | 10,822 | 14,452 | 22,192 | 12,135 | 15,989 | - | - | - |
Proceeds from credit facility debt | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Purchase of treasury stock | ||||||||||
70,598 | 283,143 | 434,210 | 223,237 | 0 | 0 | - | - | 1,677 | 0 | 0 |
Proceeds from stock option exercises | ||||||||||
4,630 | 4,317 | 0 | 1,228 | 1,340 | 1,103 | 1,759 | 8,777 | 3,622 | 0 | 0 |
Excess tax benefits from share-based compensation arrangements | ||||||||||
- | - | - | 789 | 4,610 | 6,798 | 4,975 | 7,484 | 0 | 0 | - |
Repayment of note payable to related party | ||||||||||
- | - | - | - | - | - | - | - | - | 190,000 | 0 |
Principal payments on finance lease obligations | ||||||||||
5,115 | 4,938 | 4,573 | 4,288 | 2,945 | 2,401 | 1,558 | 1,413 | 4,612 | 4,080 | 3,034 |
Distributions to noncontrolling interests | ||||||||||
15,558 | 14,296 | 18,561 | 9,010 | 3,154 | 0 | 0 | - | - | - | - |
Contributions from noncontrolling interest | ||||||||||
- | - | - | - | 1,322 | 835 | 0 | 0 | - | - | - |
Net cash used in financing activities | ||||||||||
-131,126 | -314,607 | -204,210 | -153,864 | -127,279 | 574,877 | -19,953 | -155,087 | -104,057 | -148,816 | -132,474 |
Net increase in cash and cash equivalents from operations | ||||||||||
262,915 | 31,756 | 50,917 | 185,887 | 125,990 | -272,571 | -95,562 | 394,653 | 135,485 | 100,022 | 58,359 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-1,631 | -35,653 | 26,477 | -20,819 | -11,036 | -45,058 | 6,543 | 0 | 0 | -8,837 | 291 |
Net cash used in operating activities | ||||||||||
- | - | - | - | - | -2,955 | 0 | -82 | -359 | -30,870 | -48,967 |
Net cash provided by investing activities | ||||||||||
- | - | - | - | - | - | - | 563 | 750 | -10,183 | -4,753 |
Net cash provided by (used in) financing activities | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Net decrease in cash and cash equivalents from discontinued operations | ||||||||||
- | - | - | - | - | -2,955 | 0 | 481 | 391 | -49,890 | -54,011 |