TRIBUNE MEDIA COMPANY TRCO Cash Flow

Tribune media company (TRCO)

CashFlow / TTM

Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14
Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
363,763	384,551	412,530	611,877	539,114	424,274	197,497	-115,732	48,720	-82,441	14,246	-385,633	-503,540	-345,242	-319,918	375,686	385,825	472,012	476,663	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based Compensation
23,522	22,919	23,033	21,605	21,351	23,084	32,933	37,013	41,279	43,659	37,189	35,972	33,700	33,141	32,493	29,953	28,688	26,515	27,918	0	0	0
Pension credit and contributions
-53,188	-80,167	-82,554	-81,302	-49,050	-23,248	-22,047	-22,562	-23,079	-23,666	-24,110	-25,625	-26,889	-28,107	-29,417	-29,536	-36,815	-38,933	-41,164	0	0	0
Depreciation
0	0	-	-	0	0	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-
Depreciation, Including Discontinued Operations
-	-	-	-	-	-	56,314	60,603	65,050	68,642	72,409	0	0	0	-	-	-	-	88,890	0	0	0
Amortization of contract intangible assets and liabilities
-	-	-	-	-	-	869	861	-2,089	-6,355	-10,566	-14,916	-15,949	-15,522	-14,980	-14,888	-24,907	-35,272	-35,774	0	0	0
Amortization of other intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Amortization of other intangible assets
153,386	160,049	166,715	166,721	166,724	166,707	166,679	173,469	181,187	188,944	196,663	0	0	0	-	-	193,550	207,729	222,216	0	0	0
Income (Loss) from Equity Method Investments
169,842	175,883	169,335	162,592	151,269	139,462	137,362	132,717	143,396	146,941	148,156	141,420	146,670	148,277	146,959	158,773	162,348	235,094	236,088	0	0	0
Distributions from equity investments
194,126	209,536	171,591	179,097	207,400	201,752	198,124	204,923	194,573	192,690	170,527	157,041	166,335	164,319	169,879	172,764	163,207	164,425	189,789	0	0	0
Non-cash loss on extinguishments and modification of debt
-	-	-	-	-	-	-8,258	-8,258	-6,823	-6,823	0	0	0	0	-	-	-	-	-	-	-	-
Original issue discount payments
-	-	-	-	-	-	7,360	7,360	6,873	6,873	0	0	0	0	-	-	-	-	-	-	-	-
Write-downs of investment
-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Amortization of debt issuance costs and original issue discount
7,479	7,493	7,509	7,497	7,466	7,553	7,875	8,794	9,740	10,556	11,172	11,151	11,127	11,714	12,258	12,800	13,448	13,423	13,433	0	0	0
Gain on sales on spectrum
0	0	133,197	133,197	133,197	133,197	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of business
-	-	-	-	-	-	33,492	34,510	34,510	35,462	0	0	0	0	-	-	-	-	-	-	-	-
Gain (Loss) on Investments, Excluding Other than Temporary Impairments
81,271	81,271	-1,113	-3,599	7,069	7,069	8,131	10,617	4,950	4,950	0	103	3,353	11,486	12,173	383,550	380,604	374,655	373,968	0	0	0
Spectrum repack reimbursements
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments of real estate
-	-	-	-	-	-	-	-	-	8,022	15,102	0	0	0	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-97	0	0	0	-	-	-	-
Other non-operating loss (gain), net
869	976	-68	-79	-117	-214	-71	-4,994	-5,051	-4,905	-5,427	-6,108	-6,393	-6,679	-6,183	3,085	3,380	4,886	4,729	0	0	0
Change in excess tax benefits from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-868	-598	-560	-510	868	0	0	0
Transfers from (to) restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Changes in working capital items:
Accounts receivable, net
16,385	22,460	-1,442	3,290	8,519	-1,445	-10,638	3,989	-12,820	-10,755	998	-2,743	22,113	16,036	23,444	18,547	-783	1,826	-39,149	0	0	0
Prepaid expenses and other current assets
-15,742	-11,842	-7,244	3,155	21,174	5,052	-10,310	-22,534	-5,710	-19,964	-18,171	-25,984	-19,935	22,186	36,997	53,995	24,188	2,060	1,532	0	0	0
Accounts payable
-1,277	1,998	-4,401	305	-1,697	-4,820	-8,736	-7,737	-6,805	-9,656	6,589	2,366	-6,630	-511	-15,302	-7,271	-4,462	3,183	2,855	0	0	0
Employee compensation and benefits, accrued expenses and other current liabilities
12,214	7,718	19,682	7	-20,906	-15,272	-23,927	-12,730	5,876	-12,298	-7,515	-39,707	16,224	490	38,062	32,231	3,375	14,139	-24,349	0	0	0
Deferred revenue
-872	-956	570	1,433	3,104	1,600	-2,423	-4,554	124	-1,228	-2,843	4,009	6,268	6,538	9,541	5,867	4,012	8,590	23,189	0	0	0
Income taxes
12,801	26,256	-31,781	-105,248	-11,310	-30,882	6,175	-4,855	-75,433	114,091	51,296	18,625	163,907	-17,846	-272,102	78,750	-52,657	-4,303	261,591	0	0	0
Change in broadcast rights, net of liabilities
21,405	19,636	18,764	654	-29,179	-45,502	-45,898	-66,128	-21,941	-12,976	15,427	-71,457	-41,857	-64,426	-100,116	-3,862	8,219	27,620	21,098	0	0	0
Deferred income taxes
5,743	2,310	79,779	-190,960	-319,288	-345,989	-478,637	-164,361	-104,398	-22,609	95,035	7,281	-76,781	-138,525	-140,075	-216,322	-127,315	-173,888	-179,099	0	0	0
Other, net
-13,930	-13,494	-13,521	1,551	25,856	32,478	35,050	41,062	18,693	16,386	31,770	16,796	14,555	14,587	-7,380	-16,298	-24,394	-34,551	-37,506	0	0	0
Net cash provided by operating activities
458,527	469,321	469,205	357,940	320,829	304,684	222,585	269,119	165,543	237,162	284,165	204,559	343,641	242,549	25,944	89,019	31,179	48,451	378,455	0	0	0
Investing Activities
Payments to Acquire Productive Assets
81,848	75,893	76,188	72,861	63,680	65,871	66,832	79,227	92,327	96,445	99,659	87,164	85,798	90,633	89,084	93,327	88,558	88,136	89,438	0	0	0
Spectrum repack reimbursements
15,525	14,949	11,276	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments
-	-	-	-	-	-	-	-	-	5,905	-	23,482	23,582	22,719	23,042	3,011	2,911	936	2,330	0	0	0
Acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	74,959	93,249	158,211	121,128	279,833	0	0	0
Proceeds from Divestiture of Businesses, Net of Cash Divested
-	-	-	-	-	-	554,487	554,487	554,487	551,419	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of real estate and other assets
-	-	-	-	-	-	144,464	61,882	533,741	550,521	507,692	489,930	24,882	799	4,930	0	0	0	-	-	-	-
Sale of partial interest in equity investment
-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from restricted cash
-	-	-	-	-	-	-	-	-	-	-	0	0	-1,116	-	200,831	0	40	1,109	0	0	0
Proceeds from the sales of investments
118,889	118,842	15,232	15,232	147,261	147,261	148,321	148,321	4,950	4,950	0	0	0	0	-	-	-	-	-	-	-	-
Decrease in restricted cash related to acquisition of Local TV
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other, net
1,033	-537	-1,501	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of investments and real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash provided by (used in) investing activities
110,686	117,588	10,974	29,261	343,396	357,217	953,034	860,114	998,817	1,004,536	402,040	430,246	-32,764	-130,977	-125,733	565,108	493,549	685,163	718,998	0	0	0
Financing Activities
Long-term borrowings
-	-	-	-	-	-	202,694	202,694	202,694	202,694	0	0	0	0	-	-	-	-	-	-	-	-
Repayments of Long-term Debt
-	-	-	-	-	-	703,527	710,488	603,583	605,127	27,842	27,841	27,840	1,120,155	1,114,262	1,108,804	1,387,779	299,438	299,285	0	0	0
Repayment of Senior Toggle Notes (Note 9)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	172,237	0	0	0
Payments of Debt Issuance Costs
-	-	-	-	-	-	1,689	1,641	1,641	1,803	736	784	779	20,824	20,202	0	0	0	-	-	-	-
Payments of dividends
88,037	87,848	87,709	87,613	87,518	87,409	586,336	586,111	586,787	587,930	90,296	92,239	93,349	743,134	719,919	0	0	0	-	-	-	-
Tax withholdings related to net share settlements of share-based awards
9,293	9,181	6,386	6,509	7,146	7,214	8,774	8,043	7,527	7,480	4,553	4,697	4,967	4,929	4,421	4,264	3,831	3,618	3,201	0	0	0
Proceeds from stock option exercises
12,653	8,266	1,838	1,068	1,885	9,513	11,317	11,231	10,013	2,385	0	0	0	147	166	303	468	1,327	1,308	0	0	0
Common stock repurchases
-	-	-	-	-	-	-	-	-	-	232,065	216,277	225,214	176,103	339,942	333,023	241,487	232,988	60,211	0	0	0
Contribution from/(distributions to) noncontrolling interests
722	665	475	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in excess tax benefits from stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-868	-598	-560	-510	868	0	0	0
Net cash used in financing activities
-83,955	-88,098	-91,782	-103,148	-216,901	-213,643	-1,095,566	-1,173,710	-1,153,951	-1,223,631	-358,735	-341,427	-347,748	-958,766	-1,092,750	-1,060,454	-972,441	-285,436	-282,967	0	0	0
Net Increase in Cash, Cash Equivalents and Restricted Cash
485,258	498,811	388,397	284,053	447,324	448,258	80,053	-44,477	10,409	18,067	327,470	293,378	-36,871	-847,194	-1,192,539	-406,327	-447,713	448,178	814,486	0	0	0
Supplemental Schedule of Cash Flow Information
Interest
165,886	164,301	161,838	157,517	155,164	153,021	152,401	153,477	154,475	155,381	160,200	160,741	130,319	153,783	130,311	142,574	155,233	147,469	140,338	0	0	0
Income taxes, net
67,073	66,000	66,020	143,473	178,118	181,332	182,509	212,412	318,703	270,251	265,886	262,727	138,916	169,193	434,720	386,617	421,712	474,638	217,579	0	0	0