| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net Income (Loss) Attributable to Parent | ||||||||||||
286,235 | 405,665 | 215,046 | 487,999 | 522,686 | 1,130,460 | 445,913 | 475,007 | 500,127 | 622,820 | 382,361 | -6,640,595 | 1,057,147 |
Adjustments to reconcile net income to net cash flow from operating activities: | ||||||||||||
Taxes paid on gain on sale of discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -134,932 |
Depreciation | ||||||||||||
60,525 | 55,949 | 74,637 | 89,531 | 140,954 | 185,868 | 153,203 | 160,746 | 165,739 | 183,322 | 209,826 | 230,987 | 249,039 |
Amortization of intangible assets | ||||||||||||
50,104 | 30,838 | 61,870 | 114,959 | 121,290 | 79,856 | 36,369 | 33,293 | 31,634 | 31,362 | 32,983 | 31,211 | 36,086 |
Stock-based compensation | ||||||||||||
20,146 | 12,531 | 17,098 | 17,590 | 26,344 | 33,882 | 33,437 | 26,608 | 28,003 | 32,707 | 25,373 | 22,646 | 29,082 |
Company stock 401(k) contribution | ||||||||||||
9,558 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Loss on sale of CareerBuilder | ||||||||||||
0 | 0 | 342,900 | 0 | 0 | - | - | - | - | - | - | - | - |
Gains on sales of assets | ||||||||||||
7,402 | 4,991 | -19,803 | -42,067 | -65,496 | 100,159 | 56,341 | -36,056 | -1,639 | -3,996 | 14,668 | -54,996 | -37,760 |
Provision (benefit) for deferred income taxes | ||||||||||||
22,064 | 17,258 | -296,820 | 16,535 | 100,202 | 1,200 | 53,900 | - | - | - | - | - | - |
Equity income in unconsolidated investees, net | ||||||||||||
10,149 | 13,792 | 10,462 | -7,170 | 5,743 | 167,319 | 43,824 | 22,387 | 8,197 | 19,140 | 3,927 | -374,925 | 40,693 |
Gain on Cars.com acquisition, net of tax | ||||||||||||
- | - | - | - | - | 285,860 | 0 | 0 | - | - | - | - | - |
Changes in operating assets and liabilities, net of acquisitions: | ||||||||||||
(Increase) decrease in trade receivables | ||||||||||||
86,245 | 5,351 | -14,541 | 32,046 | -32,787 | 1,514 | 17,884 | -35,799 | -33,464 | -34,909 | -105,184 | -132,143 | 56,237 |
Decrease in other receivables | ||||||||||||
- | - | - | - | - | - | - | -6,200 | -12,273 | 5,182 | -26,951 | -16,285 | 200,780 |
Decrease (increase) in inventories | ||||||||||||
- | - | - | - | -1,807 | -10,032 | -4,489 | 7,167 | -22,932 | 10,434 | -56,768 | 26,856 | 21,943 |
Increase (decrease) in accounts payable | ||||||||||||
-29,526 | 29,357 | -21,474 | -1,506 | -57,643 | 66,740 | -29,310 | -3,284 | -12,614 | -15,199 | -66,765 | 50,256 | -35,970 |
Increase (decrease) in interest and taxes payable | ||||||||||||
8,284 | -22,895 | 29,977 | 7,771 | 46,411 | 193,274 | 53,101 | -853 | 57,173 | 98,270 | -64,526 | -165,700 | -46,070 |
Increase (decrease) in deferred revenue | ||||||||||||
1,007 | 898 | -3,888 | -20,004 | 4,822 | -5,353 | -12,233 | -5,294 | 4,595 | 4,745 | -50,300 | -24,375 | -11,311 |
Debt exchange gain | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 42,746 | 0 | 0 |
Gain on sale of discontinued operations, net of tax | ||||||||||||
- | - | - | - | - | - | - | - | - | 21,195 | - | 0 | 73,814 |
Facility consolidation and asset impairment charges | ||||||||||||
- | - | - | - | - | - | - | 122,129 | 41,772 | 57,009 | 160,939 | 7,976,418 | 72,030 |
Provision for deferred income taxes | ||||||||||||
- | - | - | - | - | - | - | 122,700 | 97,500 | 150,363 | 54,213 | -801,988 | 15,488 |
Pension contributions, net of expense | ||||||||||||
-19,447 | -42,015 | -13,276 | 3,257 | -122,376 | -111,194 | -82,878 | -95,377 | -42,330 | -124,864 | -12,563 | 66,260 | 20,064 |
Spectrum channel share proceeds | ||||||||||||
0 | 0 | 32,588 | 0 | 0 | - | - | - | - | - | - | - | - |
Change in other assets and liabilities, net | ||||||||||||
-8,887 | -17,967 | 13,157 | 39,080 | 1,992 | -3,857 | 32,934 | 57,030 | 1,950 | 46,073 | 90,911 | 38,756 | -34,883 |
Net cash flow from operating activities | ||||||||||||
297,473 | 527,209 | 389,429 | 678,701 | 651,231 | 847,540 | 511,488 | 756,740 | 814,136 | 772,884 | 866,580 | 1,015,345 | 1,342,463 |
Cash flows from investing activities: | ||||||||||||
Purchase of property and equipment | ||||||||||||
88,356 | 65,230 | 76,886 | 94,796 | 118,767 | 150,354 | 110,407 | 91,874 | 72,451 | 69,070 | 67,737 | 165,000 | 171,405 |
Reimbursements from spectrum repacking | ||||||||||||
16,974 | 7,400 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payments for acquisitions of businesses and other assets, net of cash acquired | ||||||||||||
1,514,183 | 328,433 | 0 | 206,078 | 53,656 | 1,990,877 | 1,451,006 | 67,244 | 23,020 | 15,164 | 9,581 | 168,570 | 30,581 |
Payments for investments | ||||||||||||
4,986 | 11,677 | 6,405 | 20,797 | 33,715 | 7,026 | 3,380 | 2,501 | 19,406 | 10,984 | 9,674 | 46,779 | 39,963 |
Proceeds from investments | ||||||||||||
4,698 | 7,189 | 37,880 | 40,409 | 12,402 | 180,809 | 63,408 | 35,629 | 52,982 | 45,478 | 20,461 | 29,049 | 43,381 |
Proceeds from sale of assets and businesses | ||||||||||||
22,383 | 16,335 | 205,188 | 8,441 | 411,012 | 305,347 | 113,895 | 39,009 | 36,976 | 112,706 | 31,908 | 78,541 | 464,157 |
Proceeds from insurance settlements | ||||||||||||
0 | 0 | 16,454 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash flow used for investing activities | ||||||||||||
-1,563,470 | -374,416 | 176,231 | -272,821 | 217,276 | -1,662,101 | -1,387,490 | -86,981 | -24,919 | 62,966 | -34,623 | -272,759 | 265,589 |
Cash flows from financing activities: | ||||||||||||
Proceeds from (payments of) borrowings under revolving credit facilities, net | ||||||||||||
853,000 | 50,000 | 635,000 | - | - | - | - | - | - | - | - | 1,628,458 | 748,099 |
Proceeds from (payments of) unsecured floating rate term loans | ||||||||||||
- | - | - | - | - | - | - | 0 | - | - | - | - | - |
Payment of debt issuance costs | ||||||||||||
- | - | - | - | 7,619 | 10,548 | 41,960 | 0 | 0 | - | - | - | - |
Payments of unsecured promissory notes | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 833,876 | 1,364,523 |
(Payments) proceeds of borrowings under revolving credit facilities, net | ||||||||||||
- | - | - | -85,000 | 80,000 | 640,000 | -205,000 | -30,000 | 14,000 | -1,160,000 | -526,000 | 280,000 | 1,000,000 |
Proceeds from Cars.com borrowings | ||||||||||||
0 | 0 | 675,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from borrowings | ||||||||||||
1,100,000 | 0 | 0 | 300,000 | 200,000 | 666,732 | 2,021,869 | 0 | 0 | 493,743 | 492,618 | - | - |
Proceeds from borrowings under revolving credit facilities, net | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,907,000 | 0 |
Debt repayments | ||||||||||||
710,000 | 121,146 | 412,246 | 352,590 | 587,509 | 537,490 | 287,719 | 306,571 | - | - | - | - | - |
Payments for debt issuance and premiums for early redemption costs | ||||||||||||
22,018 | 5,269 | 9,795 | 1,684 | - | - | - | - | - | - | - | - | - |
Dividends paid | ||||||||||||
60,624 | 60,290 | 90,170 | 121,639 | 167,508 | 181,328 | 183,233 | 158,822 | 47,946 | 38,216 | 119,328 | 366,748 | 311,237 |
Repurchases of common stock | ||||||||||||
0 | 5,800 | 23,500 | 161,891 | 271,030 | 75,815 | 116,639 | 153,948 | 53,037 | 0 | - | 72,764 | 215,210 |
Net settlement of stock for tax withholding and proceeds from stock option exercises | ||||||||||||
-819 | -2,436 | -3,932 | -20,352 | -6,841 | 331 | - | - | - | - | - | - | - |
Distributions to noncontrolling membership interests | ||||||||||||
0 | 0 | 22,980 | 18,840 | 24,783 | 22,072 | 42,608 | 47,100 | 108,691 | 0 | - | - | - |
Cash transferred to the Gannett Co., Inc. business | ||||||||||||
- | - | - | - | 63,365 | 0 | 0 | - | - | - | - | - | - |
Cash transferred to the Cars.com business | ||||||||||||
0 | 0 | 20,133 | 0 | 0 | - | - | - | - | - | - | 200 | 368 |
Excess tax benefit from equity awards and proceeds from stock option exercises | ||||||||||||
- | - | - | - | - | - | 31,435 | 33,748 | 3,609 | 3,214 | 402 | 0 | 12,472 |
Deferred payments for acquisitions | ||||||||||||
- | - | - | 437 | 9,136 | 15,687 | 6,132 | 1,027 | 0 | 0 | - | - | - |
Net cash flow used for financing activities | ||||||||||||
1,159,539 | -144,972 | -542,736 | -462,433 | -857,791 | 464,123 | 1,170,013 | -663,720 | -805,497 | -751,259 | -832,813 | -715,046 | -1,626,965 |
Increase (decrease) in cash | ||||||||||||
-106,458 | 7,821 | 22,924 | -56,553 | 10,716 | -350,719 | 294,173 | 8,104 | -16,088 | 84,219 | -154 | 21,700 | -17,007 |
Effect of currency exchange rate change | ||||||||||||
- | - | - | - | - | -281 | 162 | 2,065 | 192 | -372 | 702 | -5,840 | 1,906 |
Supplemental Cash Flow Information [Abstract] | ||||||||||||
Cash paid (received) for income taxes, net of refunds | ||||||||||||
- | - | - | - | 105,581 | 207,038 | 124,378 | 64,838 | - | - | - | - | - |
Cash paid for interest | ||||||||||||
- | - | - | - | 265,174 | 242,190 | 126,180 | 138,906 | - | - | - | - | - |
Non-cash investing and financing activities | ||||||||||||
Non-monetary exchange of investment for acquisition | ||||||||||||
- | - | - | - | 34,403 | 0 | 0 | - | - | - | - | - | - |
Assets-held-for-sale proceeds | ||||||||||||
- | - | - | - | - | 146,428 | 0 | 0 | - | - | - | - | - |
Escrow deposit disbursement related to London Broadcasting Company television stations acquisition | ||||||||||||
- | - | - | - | - | 134,908 | 0 | 0 | - | - | - | - | - |
Capital expenditures | ||||||||||||
- | - | - | - | - | 11,520 | 0 | 0 | - | - | - | - | - |