Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net loss $ (57,719) $ (3,322)
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash stock-based compensation 199 1,112
Depreciation and amortization 7,258 8,205
Amortization of deferred financing costs 461 513
Non-cash lease expense 4,464 4,448
Accretion of acquisition-related deferred payments and contingent consideration 0 2
Provision for bad debts 3,621 737
Deferred income taxes 30,629 (546)
Impairment of indefinite-lived long-term assets other than goodwill 17,254 0
Impairment of goodwill 307 0
Gain on early retirement of long-term debt (49) (426)
Change in the estimated fair value of contingent earn-out consideration (2) 0
Net (gain) loss on the disposition of assets 113 3,667
Changes in operating assets and liabilities:    
Accounts receivable and unbilled revenue 5,530 3
Inventories 10 (353)
Prepaid expenses and other current assets 97 1,078
Accounts payable and accrued expenses 1,720 (459)
Operating lease liabilities (3,403) (5,765)
Contract liabilities 7,267 (1,081)
Deferred rent income (151) (84)
Other liabilities 1,204  
Income taxes payable 155 32
Net cash provided by operating activities 18,965 7,761
INVESTING ACTIVITIES    
Cash paid for capital expenditures net of tenant improvement allowances (2,525) (4,697)
Capital expenditures reimbursable under tenant improvement allowances and trade agreements (94)  
Purchases of broadcast assets and radio stations   (650)
Purchases of digital media businesses and assets 0  
Proceeds from sale of assets 188 2,872
Other 1,979 (728)
Net cash used in investing activities (452) (3,203)
FINANCING ACTIVITIES    
Payments to repurchase 6.75% Senior Secured Notes (3,392) (6,123)
Refunds (payments) of debt issuance costs (66) (30)
Payments on financing lease liabilities (35) (43)
Payment of cash distribution on common stock (667) (3,430)
Book overdraft (1,885) 2,204
Net cash provided by (used in) financing activities 529 (4,666)
Net increase (decrease) in cash and cash equivalents 19,042 (108)
Cash and cash equivalents at beginning of year 6 117
CasCash and cash equivalents at end of periodh and cash equivalents at end of year 19,048 9
Supplemental disclosures of cash flow information:    
Cash paid for interest, net of capitalized interest 7,600 8,312
Cash paid for interest on finance lease liabilities 4 5
Cash paid (received) for income taxes (5) 103
Other supplemental disclosures of cash flow information:    
Barter revenue 1,705 2,730
Barter expense 1,558 2,469
Non-cash investing and financing activities:    
Capital expenditures reimbursable under tenant improvement allowances 94  
Right-of-use assets acquired through operating leases 2,655 1,064
Right-of-use assets acquired through financing leases 0 2
Non-cash capital expenditures for property & equipment acquired under trade agreements 4  
Abl Facility [Member]    
FINANCING ACTIVITIES    
Proceeds from borrowings under ABL Facility 38,349 54,295
Payments on ABL Facility $ (31,775) $ (51,539)