Tribune publishing company (TPCO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'16Dec'15Dec'14Dec'13
Operating Activities
Net income (loss) from continuing operations

3,093

-39,863

-29,813

-

-35,363

-

-

-

Net income (loss)

-

-

-

6,537

-

-2,765

42,288

94,094

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

47,314

53,262

47,306

57,499

51,363

54,633

32,089

-

Impairment

14,496

1,872

0

-

0

-

-

-

Depreciation

-

-

-

-

-

-

-

21,851

Amortization of intangible assets

-

-

-

-

-

-

-

6,580

Amortization of contract intangible liabilities

-

-

-

-

-

-

-

218

Allowance for bad debt

-

-

-

-

-

-

17,648

11,514

Stock compensation expense

13,170

10,453

9,255

8,424

7,573

6,822

3,679

0

Gain on postretirement plan amendment

-

-

-

0

-

18,828

0

-

Income (Loss) from Equity Method Investments

-

-

-

-

-

-

-1,180

-1,200

Non-current deferred revenue

-

-

-

2,022

-

1,815

-540

2,329

Excess tax expense realized from exercise of stock-based awards

-

-

-

653

653

-653

-

-

Premium on stock buyback

0

0

6,031

0

0

0

-

-

Loss on early extinguishment of debt

0

-7,666

0

-

0

-

-

-

Gain on sale of investments

-

-

-

0

-

0

-

-

Loss on equity investments, net

-

-

-

-690

-

-1,164

-

-

Loss on fixed asset sales

-

-

-

-1,451

-

-1,346

1,285

0

Loss on equity investments, net

2,988

1,868

2,725

-

1,487

-

-

-

Deferred income taxes

-2,581

-390

15,544

21,552

11,548

-2,654

7,224

18,333

Non-current deferred revenue

-353

-1,961

693

-

-1,296

-

-

-

Pension contribution

-2,484

-3,918

-1,040

-

-

-

-

-

Postretirement benefits expense

-593

-10,932

-4,622

-

-

-

-

-

Gain on investment transaction

-

-

-

-

-

-

1,484

-

Gain on investment transaction

-

-

-

-

-

-

-

0

Gain on postretirement plan amendment

-

-

-

-

-

-

-

0

Other non-cash, net

-

-

-

-9,259

-

-2,252

937

0

Other non-cash items

-

-

-

-

-

-

-

-2,075

Payment for Pension Benefits

-

-

-

10,813

0

2,983

0

0

Postretirement medical, life and other benefits

-

-

-

3,235

935

4,944

1,704

2,315

Changes in working capital items, excluding acquisitions:
Accounts receivable, net

-32,542

6,259

-22,343

-46,518

-26,960

-5,993

-3,608

5,719

Prepaid expenses, inventories and other current assets

6,164

-24,704

4,623

-10,497

-10,356

-13,822

10,519

-4,967

Accounts payable, employee compensation and benefits, deferred revenue and other current liabilities

-48,467

11,219

-33,462

-58,098

-66,946

11,194

38,121

-2,301

Other, net

138

3,232

9,417

-1,916

-3,493

1,591

126

-

Net cash provided by operating activities

53,099

50,953

39,754

85,690

601

65,481

130,574

147,719

Investing Activities
Capital expenditures, including software additions

18,552

53,168

23,450

21,021

10,737

32,275

22,268

19,736

Proceeds from the sale of investments

-

-

-

0

-

0

-

-

Acquisitions, net of cash acquired

0

70,867

-2,556

7,603

4,429

67,825

52,280

206

Restricted cash

-

-

-

-17,003

-

-10,502

27,505

0

Other, net

155

4,175

2,281

2,486

2,535

1,407

873

-

Proceeds from sale of fixed assets

-

-

-

-

-

-

-

0

Investments in equity investments, net of distributions

-

-

-

-

-

-

-

0

Net cash used for investing activities

-18,707

-128,210

-23,175

-14,107

-17,701

-91,005

-102,926

-19,942

Financing Activities
Repayment of long-term debt

0

353,253

26,362

21,090

21,090

19,776

0

0

Proceeds from issuance of common stock

-

-

-

113,318

113,318

0

0

-

Purchase of treasury stock

0

0

56,189

0

0

1,368

0

0

Withholding for taxes on RSU vesting

1,910

4,042

2,324

-

-

-

0

0

Dividends paid to noncontrolling interest

6,600

2,000

0

-

0

-

-

-

Repayments of capital lease obligations

305

-

-

-

-

-

-

-

Repayments of capital lease obligations

-

259

286

811

411

0

0

256

Withholding for taxes on RSU vesting

-

-

-

-821

-820

-1,904

0

0

Proceeds from exercise of stock options

0

134

1,658

205

205

281

253

0

Dividends paid to common stockholders

62,860

0

150

-

-

-

-

-

Dividends paid to common stockholders

-

-

-

-

4,868

-

-

-

Related party dividends

-

-

-

-

-

-

275,000

17,812

Dividends paid to common stockholders

-

-

-

4,867

-

13,742

4,614

0

Proceeds from issuance of debt

-

-

-

0

-

68,950

346,500

0

Payment of debt issuance costs

-

-

-

0

-

2,760

10,179

0

Proceeds from revolving debt

-

-

-

0

-

10,000

0

0

Repayment of revolving debt

-

-

-

0

-

10,000

0

0

Other

-

-

-

0

-

0

-

-

Transactions with Tribune Media Company, net

-

-

-

-

-

-

57,627

113,783

Net cash used for financing activities

-71,675

-359,420

-83,653

85,934

86,334

29,681

-667

-131,851

Decrease in cash attributable to continuing operations

-37,283

-436,677

-67,074

-

69,234

-

-

-

Cash Flows From Discontinued Operations
Cash flows provided by (used for) operating activities of discontinued operations, net

-5,971

-85,490

49,441

-

85,383

-

-

-

Cash flows provided by investing activities of discontinued operations, net

0

478,640

7,393

-

-13,409

-

-

-

Cash flows used for financing activities of discontinued operations, net

0

-317

-545

-

-400

-

-

-

Increase (decrease) in cash attributable to discontinued operations

-5,971

392,833

56,289

-

71,574

-

-

-

Net decrease in cash

-43,254

-43,844

-10,785

-

140,808

-

-

-

Net decrease in cash

-

-

-

157,517

-

4,157

26,981

-4,074