EW SCRIPPS Co
For the period ended Dec 31, 2024. Filed Mar 12, 2025.
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FY2024 · Filed Mar 12, 2025
SSP$3.69+3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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8. Consolidated Statements of Cash Flows
| For the years ended December 31, | |||
|---|---|---|---|
| (in thousands) | 2024 | 2023 | 2022 |
| Cash Flows from Operating Activities: | |||
| Net income (loss) | $146,218 | $(947,784) | $195,902 |
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: | |||
| Depreciation and amortization | 155,228 | 155,105 | 160,433 |
| Impairment of goodwill | — | 952,000 | — |
| Losses (gains), net on disposal of property and equipment | (18,424) | 2,344 | 5,866 |
| Gain on extinguishment of debt | — | — | (8,589) |
| Programming assets and liabilities | (3,245) | (20,504) | (27,144) |
| Restructuring impairment charges | 3,110 | 14,933 | — |
| Losses (gains) on sale of investments | (19,895) | — | — |
| Impairment of investments | 15,000 | — | — |
| Deferred income taxes | (149) | (63,698) | 12,915 |
| Stock and deferred compensation plans | 17,992 | 25,631 | 19,461 |
| Pension contributions, net of income/expense | (2,052) | (2,107) | (29,196) |
| Other changes in certain working capital accounts, net | 58,898 | (16,275) | (35,800) |
| Miscellaneous, net | 12,999 | 11,959 | 17,575 |
| Net cash provided by operating activities | 365,680 | 111,604 | 311,423 |
| Cash Flows from Investing Activities: | |||
| Acquisitions, net of cash acquired | — | — | (13,797) |
| Additions to property and equipment | (65,256) | (59,627) | (45,792) |
| Purchase of investments | (1,729) | (1,000) | (7,373) |
| Proceeds from sale of investments | 19,985 | — | — |
| Proceeds from FCC repack | — | — | 2,670 |
| Proceeds from sale of property and equipment | 20,464 | 21 | 373 |
| Miscellaneous, net | — | — | (2,474) |
| Net cash used in investing activities | (26,536) | (60,606) | (66,393) |
| Cash Flows from Financing Activities: | |||
| Net borrowings (payments) under revolving credit facility | (330,000) | 330,000 | — |
| Payments on long-term debt | (15,612) | (299,862) | (278,095) |
| Dividends paid on preferred stock | — | (48,000) | (48,000) |
| Tax payments related to shares withheld for vested stock and RSUs | (1,882) | (4,955) | (8,872) |
| Miscellaneous, net | (3,117) | (10,889) | 7,484 |
| Net cash used in financing activities | (350,611) | (33,706) | (327,483) |
| Increase (decrease) in cash, cash equivalents and restricted cash | (11,467) | 17,292 | (82,453) |
| Cash, cash equivalents and restricted cash: | |||
| Beginning of year | 35,319 | 18,027 | 100,480 |
| End of year | $23,852 | $35,319 | $18,027 |
| Supplemental Cash Flow Disclosures | |||
| Interest paid | $195,856 | $195,832 | $150,796 |
| Income taxes paid | $71,811 | $31,121 | $61,744 |
| Non-cash investing and financing information | |||
| Accrued capital expenditures | $5,351 | $5,130 | $2,254 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.