Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| Cash flows from operating activities: |
|
|
|
| Net (loss) income |
$ (546,494)
|
$ 11,769
|
$ 176,083
|
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: |
|
|
|
| Depreciation and amortization |
102,105
|
115,275
|
116,951
|
| Amortization of debt issuance costs/discounts |
9,541
|
9,493
|
9,919
|
| Provision for doubtful accounts |
4,501
|
4,302
|
3,349
|
| Loss (gain) on sale of assets or stations |
2,856
|
(1,342)
|
(3,685)
|
| Gain on exchange of assets or stations |
0
|
0
|
(108,158)
|
| Impairment of intangible assets and goodwill |
565,584
|
0
|
0
|
| Impairment charges - equity interest in Pulser Media Inc. |
19,364
|
0
|
0
|
| Fair value adjustment of derivative instruments |
0
|
21
|
(1,829)
|
| Deferred income taxes |
(48,262)
|
6,902
|
(76,378)
|
| Stock-based compensation expense |
21,033
|
17,638
|
10,804
|
| (Gain) loss on early extinguishment of debt |
(13,222)
|
0
|
34,934
|
| Changes in assets and liabilities (excluding acquisitions and dispositions): |
|
|
|
| Accounts receivable |
371
|
12,195
|
2,357
|
| Trade receivable |
(1,691)
|
1,964
|
2,330
|
| Prepaid expenses and other current assets |
16,983
|
(14,750)
|
1,383
|
| Other assets |
(6,208)
|
(6,716)
|
1,320
|
| Accounts payable and accrued expenses |
(34,122)
|
7,074
|
(38,937)
|
| Trade payable |
410
|
118
|
(1,516)
|
| Other liabilities |
(10,317)
|
(27,147)
|
(7,786)
|
| Net cash provided by operating activities |
82,432
|
136,796
|
121,141
|
| Cash flows from investing activities: |
|
|
|
| Restricted cash |
2,074
|
(3,909)
|
(225)
|
| Proceeds from sale of assets or stations |
9,201
|
15,843
|
0
|
| Capital expenditures |
(19,236)
|
(19,006)
|
(11,081)
|
| Proceeds from exchange of assets or stations |
0
|
0
|
241,519
|
| Acquisitions less cash acquired |
0
|
(8,500)
|
(322,838)
|
| Net cash used in investing activities |
(7,961)
|
(15,572)
|
(92,625)
|
| Cash flows from financing activities: |
|
|
|
| Repayment of borrowings under term loans and revolving credit facilities |
(50,000)
|
(156,125)
|
(2,111,688)
|
| Proceeds from borrowings under term loans and revolving credit facilities |
0
|
10,000
|
2,027,308
|
| Tax withholding payments on behalf of employees |
(93)
|
(1,332)
|
(337)
|
| Preferred stock dividends |
0
|
0
|
(9,395)
|
| Proceeds from exercise of warrants |
8
|
113
|
93
|
| Proceeds from exercise of options |
0
|
620
|
818
|
| Redemption of preferred stock |
0
|
0
|
(150,391)
|
| Financing costs paid in connection with issuance of common stock |
0
|
0
|
(4,541)
|
| Proceeds from issuance of common stock |
0
|
0
|
94,300
|
| Proceeds from issuance of preferred stock |
0
|
0
|
77,241
|
| Deferred financing costs |
0
|
(21)
|
(7,182)
|
| Net cash used in financing activities |
(50,085)
|
(146,745)
|
(83,774)
|
| Increase (decrease) in cash and cash equivalents |
24,386
|
(25,521)
|
(55,258)
|
| Cash and cash equivalents at beginning of period |
7,271
|
32,792
|
88,050
|
| Cash and cash equivalents at end of period |
31,657
|
7,271
|
32,792
|
| Supplemental disclosures of cash flow information: |
|
|
|
| Interest paid |
129,314
|
135,392
|
164,893
|
| Income taxes paid |
2,620
|
9,633
|
7,310
|
| Supplemental disclosures of non-cash flow information: |
|
|
|
| Trade revenue |
39,237
|
34,876
|
31,147
|
| Trade expense |
40,427
|
36,753
|
31,218
|
| Equity Interest in Pulser Media Inc |
|
|
|
| Supplemental disclosures of non-cash flow information: |
|
|
|
| Equity interest in Pulser Media, Inc. |
$ 2,025
|
$ 17,235
|
$ 104
|