Guarantor Subsidiaries (Tables)
| 3 Months Ended | 9 Months Ended | 12 Months Ended |
|---|
Sep. 30, 2011 | Sep. 30, 2010 | Sep. 30, 2011 | Sep. 30, 2010 | Dec. 31, 2010 |
|---|
| Guarantor Subsidiaries [Abstract] | | | | | |
| Schedule of Condensed Consolidated Statements of Financial Position | | | Condensed Consolidated Balance Sheet As of September 30, 2011 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | CURRENT ASSETS: | | | | | | | | | | | Cash and cash equivalents | | $ | 1,610,336 |
| | $ | 229,705 |
| | $ | 720 |
| | $ | — |
| | $ | 1,840,761 |
| Short-term investments | | 299,981 |
| | — |
| | — |
| | — |
| | 299,981 |
| Inventories | | — |
| | 131,835 |
| | 15,167 |
| | — |
| | 147,002 |
| Prepaid expenses | | 86 |
| | 694 |
| | 65,983 |
| | — |
| | 66,763 |
| Advances to subsidiaries | | — |
| | 1,405,498 |
| | — |
| | (1,405,498 | ) | | — |
| Other current assets | | 77 |
| | 171,289 |
| | 23,945 |
| | — |
| | 195,311 |
| Total current assets | | 1,910,480 |
| | 1,939,021 |
| | 105,815 |
| | (1,405,498 | ) | | 2,549,818 |
| Property and equipment, net | | — |
| | 1,462 |
| | 4,007,803 |
| | — |
| | 4,009,265 |
| Long-term investments | | 6,319 |
| | — |
| | — |
| | — |
| | 6,319 |
| Investment in subsidiaries | | 1,203,431 |
| | 4,516,223 |
| | — |
| | (5,719,654 | ) | | — |
| FCC licenses | | — |
| | 3,800 |
| | 2,534,800 |
| | — |
| | 2,538,600 |
| Other assets | | — |
| | 141,951 |
| | 33,648 |
| | — |
| | 175,599 |
| Total assets | | $ | 3,120,230 |
| | $ | 6,602,457 |
| | $ | 6,682,066 |
| | $ | (7,125,152 | ) | | $ | 9,279,601 |
| CURRENT LIABILITIES: | | | | | | | | | | | Accounts payable and accrued expenses | | $ | — |
| | $ | 94,142 |
| | $ | 382,182 |
| | $ | — |
| | $ | 476,324 |
| Advances from subsidiaries | | 292,154 |
| | — |
| | 1,113,344 |
| | (1,405,498 | ) | | — |
| Other current liabilities | | — |
| | 87,753 |
| | 215,261 |
| | — |
| | 303,014 |
| Total current liabilities | | 292,154 |
| | 181,895 |
| | 1,710,787 |
| | (1,405,498 | ) | | 779,338 |
| Long-term debt | | — |
| | 4,444,011 |
| | 266,981 |
| | — |
| | 4,710,992 |
| Deferred credits | | 2,606 |
| | 753,756 |
| | 114,766 |
| | — |
| | 871,128 |
| Other long-term liabilities | | — |
| | 19,364 |
| | 73,309 |
| | — |
| | 92,673 |
| Total liabilities | | 294,760 |
| | 5,399,026 |
| | 2,165,843 |
| | (1,405,498 | ) | | 6,454,131 |
| STOCKHOLDERS’ EQUITY: | | | | | | | | | | | Common stock | | 36 |
| | — |
| | — |
| | — |
| | 36 |
| Other stockholders’ equity | | 2,825,434 |
| | 1,203,431 |
| | 4,516,223 |
| | (5,719,654 | ) | | 2,825,434 |
| Total stockholders’ equity | | 2,825,470 |
| | 1,203,431 |
| | 4,516,223 |
| | (5,719,654 | ) | | 2,825,470 |
| Total liabilities and stockholders’ equity | | $ | 3,120,230 |
| | $ | 6,602,457 |
| | $ | 6,682,066 |
| | $ | (7,125,152 | ) | | $ | 9,279,601 |
|
| | Condensed Consolidated Balance Sheet As of December 31, 2010 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | CURRENT ASSETS: | | | | | | | | | | | Cash and cash equivalents | | $ | 507,849 |
| | $ | 287,942 |
| | $ | 740 |
| | $ | — |
| | $ | 796,531 |
| Short-term investments | | 374,862 |
| | — |
| | — |
| | — |
| | 374,862 |
| Inventories | | — |
| | 145,260 |
| | 15,789 |
| | — |
| | 161,049 |
| Prepaid expenses | | — |
| | 249 |
| | 50,228 |
| | — |
| | 50,477 |
| Advances to subsidiaries | | 647,701 |
| | 462,518 |
| | — |
| | (1,110,219 | ) | | — |
| Other current assets | | 94 |
| | 171,083 |
| | 39,789 |
| | — |
| | 210,966 |
| Total current assets | | 1,530,506 |
| | 1,067,052 |
| | 106,546 |
| | (1,110,219 | ) | | 1,593,885 |
| Property and equipment, net | | — |
| | 246,249 |
| | 3,413,196 |
| | — |
| | 3,659,445 |
| Long-term investments | | 6,319 |
| | 10,381 |
| | — |
| | — |
| | 16,700 |
| Investment in subsidiaries | | 1,006,295 |
| | 3,994,553 |
| | — |
| | (5,000,848 | ) | | — |
| FCC licenses | | — |
| | 3,800 |
| | 2,518,441 |
| | — |
| | 2,522,241 |
| Other assets | | — |
| | 75,085 |
| | 51,224 |
| | — |
| | 126,309 |
| Total assets | | $ | 2,543,120 |
| | $ | 5,397,120 |
| | $ | 6,089,407 |
| | $ | (6,111,067 | ) | | $ | 7,918,580 |
| CURRENT LIABILITIES: | | | | | | | | | | | Accounts payable and accrued expenses | | $ | — |
| | $ | 150,994 |
| | $ | 370,794 |
| | $ | — |
| | $ | 521,788 |
| Advances from subsidiaries | | — |
| | — |
| | 1,110,219 |
| | (1,110,219 | ) | | — |
| Other current liabilities | | — |
| | 82,684 |
| | 197,948 |
| | — |
| | 280,632 |
| Total current liabilities | | — |
| | 233,678 |
| | 1,678,961 |
| | (1,110,219 | ) | | 802,420 |
| Long-term debt | | — |
| | 3,508,948 |
| | 248,339 |
| | — |
| | 3,757,287 |
| Deferred credits | | 1,544 |
| | 639,766 |
| | 103,159 |
| | — |
| | 744,469 |
| Other long-term liabilities | | — |
| | 8,433 |
| | 64,395 |
| | — |
| | 72,828 |
| Total liabilities | | 1,544 |
| | 4,390,825 |
| | 2,094,854 |
| | (1,110,219 | ) | | 5,377,004 |
| STOCKHOLDERS’ EQUITY: | | | | | | | | | | | Common stock | | 36 |
| | — |
| | — |
| | — |
| | 36 |
| Other stockholders’ equity | | 2,541,540 |
| | 1,006,295 |
| | 3,994,553 |
| | (5,000,848 | ) | | 2,541,540 |
| Total stockholders’ equity | | 2,541,576 |
| | 1,006,295 |
| | 3,994,553 |
| | (5,000,848 | ) | | 2,541,576 |
| Total liabilities and stockholders’ equity | | $ | 2,543,120 |
| | $ | 5,397,120 |
| | $ | 6,089,407 |
| | $ | (6,111,067 | ) | | $ | 7,918,580 |
|
|
| Schedule of Condensed Consolidated Statements of Income | Condensed Consolidated Statement of Income Three Months Ended September 30, 2011 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | REVENUES: | | | | | | | | | | | Total Revenues | | $ | — |
| | $ | 4,558 |
| | $ | 1,208,170 |
| | $ | (7,340 | ) | | $ | 1,205,388 |
| OPERATING EXPENSES: | | | | | | | | | | | Cost of revenues | | — |
| | 4,180 |
| | 728,666 |
| | (7,340 | ) | | 725,506 |
| Selling, general and administrative expenses | | — |
| | 378 |
| | 162,081 |
| | — |
| | 162,459 |
| Other operating expenses | | — |
| | 91 |
| | 140,501 |
| | — |
| | 140,592 |
| Total operating expenses | | — |
| | 4,649 |
| | 1,031,248 |
| | (7,340 | ) | | 1,028,557 |
| (Loss) income from operations | | — |
| | (91 | ) | | 176,922 |
| | — |
| | 176,831 |
| OTHER EXPENSE (INCOME): | | | | | | | | | | | Interest expense | | — |
| | 64,750 |
| | 4,761 |
| | — |
| | 69,511 |
| Non-operating expenses | | (452 | ) | | (47 | ) | | (125 | ) | | — |
| | (624 | ) | Earnings from consolidated subsidiaries | | (68,874 | ) | | (171,801 | ) | | — |
| | 240,675 |
| | — |
| Total other (income) expense | | (69,326 | ) | | (107,098 | ) | | 4,636 |
| | 240,675 |
| | 68,887 |
| Income (loss) before provision for income taxes | | 69,326 |
| | 107,007 |
| | 172,286 |
| | (240,675 | ) | | 107,944 |
| Provision for income taxes | | — |
| | (38,133 | ) | | (485 | ) | | — |
| | (38,618 | ) | Net income (loss) | | $ | 69,326 |
| | $ | 68,874 |
| | $ | 171,801 |
| | $ | (240,675 | ) | | $ | 69,326 |
|
| Condensed Consolidated Statement of Income Three Months Ended September 30, 2010 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | REVENUES: | | | | | | | | | | | Total Revenues | | $ | — |
| | $ | 4,437 |
| | $ | 1,075,390 |
| | $ | (59,038 | ) | | $ | 1,020,789 |
| OPERATING EXPENSES: | | | | | | | | | | | Cost of revenues | | — |
| | 4,118 |
| | 624,873 |
| | (59,038 | ) | | 569,953 |
| Selling, general and administrative expenses | | — |
| | 320 |
| | 147,111 |
| | — |
| | 147,431 |
| Other operating expenses | | — |
| | 53 |
| | 95,418 |
| | — |
| | 95,471 |
| Total operating expenses | | — |
| | 4,491 |
| | 867,402 |
| | (59,038 | ) | | 812,855 |
| (Loss) income from operations | | — |
| | (54 | ) | | 207,988 |
| | — |
| | 207,934 |
| OTHER EXPENSE (INCOME): | | | | | | | | | | | Interest expense | | — |
| | 63,136 |
| | 42,899 |
| | (40,309 | ) | | 65,726 |
| Non-operating expenses | | (456 | ) | | (24,237 | ) | | (61 | ) | | 40,309 |
| | 15,555 |
| Earnings from consolidated subsidiaries | | (76,831 | ) | | (165,150 | ) | | — |
| | 241,981 |
| | — |
| Total other (income) expense | | (77,287 | ) | | (126,251 | ) | | 42,838 |
| | 241,981 |
| | 81,281 |
| Income (loss) before provision for income taxes | | 77,287 |
| | 126,197 |
| | 165,150 |
| | (241,981 | ) | | 126,653 |
| Provision for income taxes | | — |
| | (49,366 | ) | | — |
| | — |
| | (49,366 | ) | Net income (loss) | | $ | 77,287 |
| | $ | 76,831 |
| | $ | 165,150 |
| | $ | (241,981 | ) | | $ | 77,287 |
|
| Condensed Consolidated Statement of Income Nine Months Ended September 30, 2011 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | REVENUES: | | | | | | | | | | | Total Revenues | | $ | — |
| | $ | 15,483 |
| | $ | 3,616,464 |
| | $ | (22,730 | ) | | $ | 3,609,217 |
| OPERATING EXPENSES: | | | | | | | | | | | Cost of revenues | | — |
| | 14,389 |
| | 2,193,090 |
| | (22,730 | ) | | 2,184,749 |
| Selling, general and administrative expenses | | — |
| | 1,094 |
| | 485,692 |
| | — |
| | 486,786 |
| Other operating expenses | | — |
| | 245 |
| | 405,014 |
| | — |
| | 405,259 |
| Total operating expenses | | — |
| | 15,728 |
| | 3,083,796 |
| | (22,730 | ) | | 3,076,794 |
| (Loss) income from operations | | — |
| | (245 | ) | | 532,668 |
| | — |
| | 532,423 |
| OTHER EXPENSE (INCOME): | | | | | | | | | | | Interest expense | | — |
| | 180,044 |
| | 13,007 |
| | — |
| | 193,051 |
| Non-operating expenses | | (1,439 | ) | | 9,462 |
| | (578 | ) | | — |
| | 7,445 |
| Earnings from consolidated subsidiaries | | (208,601 | ) | | (521,670 | ) | | — |
| | 730,271 |
| | — |
| Total other (income) expense | | (210,040 | ) | | (332,164 | ) | | 12,429 |
| | 730,271 |
| | 200,496 |
| Income (loss) before provision for income taxes | | 210,040 |
| | 331,919 |
| | 520,239 |
| | (730,271 | ) | | 331,927 |
| Provision for income taxes | | — |
| | (123,318 | ) | | 1,431 |
| | — |
| | (121,887 | ) | Net income (loss) | | $ | 210,040 |
| | $ | 208,601 |
| | $ | 521,670 |
| | $ | (730,271 | ) | | $ | 210,040 |
|
| Condensed Consolidated Statement of Income Nine Months Ended September 30, 2010 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | REVENUES: | | | | | | | | | | | Total Revenues | | $ | — |
| | $ | 13,908 |
| | $ | 3,151,627 |
| | $ | (161,708 | ) | | $ | 3,003,827 |
| OPERATING EXPENSES: | | | | | | | | | | | Cost of revenues | | — |
| | 13,153 |
| | 1,860,420 |
| | (161,708 | ) | | 1,711,865 |
| Selling, general and administrative expenses | | — |
| | 756 |
| | 465,184 |
| | — |
| | 465,940 |
| Other operating expenses | | — |
| | 118 |
| | 314,327 |
| | — |
| | 314,445 |
| Total operating expenses | | — |
| | 14,027 |
| | 2,639,931 |
| | (161,708 | ) | | 2,492,250 |
| (Loss) income from operations | | — |
| | (119 | ) | | 511,696 |
| | — |
| | 511,577 |
| OTHER EXPENSE (INCOME): | | | | | | | | | | | Interest expense | | — |
| | 191,338 |
| | 123,800 |
| | (116,428 | ) | | 198,710 |
| Non-operating expenses | | (1,279 | ) | | (99,417 | ) | | (99 | ) | | 116,428 |
| | 15,633 |
| Earnings from consolidated subsidiaries | | (178,585 | ) | | (387,995 | ) | | — |
| | 566,580 |
| | — |
| Total other (income) expense | | (179,864 | ) | | (296,074 | ) | | 123,701 |
| | 566,580 |
| | 214,343 |
| Income (loss) before provision for income taxes | | 179,864 |
| | 295,955 |
| | 387,995 |
| | (566,580 | ) | | 297,234 |
| Provision for income taxes | | — |
| | (117,370 | ) | | — |
| | — |
| | (117,370 | ) | Net income (loss) | | $ | 179,864 |
| | $ | 178,585 |
| | $ | 387,995 |
| | $ | (566,580 | ) | | $ | 179,864 |
|
| |
| Schedule of Condensed Consolidated Statements of Cash Flows | | | Condensed Consolidated Statement of Cash Flows Nine Months Ended September 30, 2011 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | | Net cash provided by (used in) operating activities | | $ | 930 |
| | $ | (240,366 | ) | | $ | 993,096 |
| | $ | — |
| | $ | 753,660 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | Purchases of property and equipment | | — |
| | (5,790 | ) | | (693,835 | ) | | — |
| | (699,625 | ) | Purchase of investments | | (462,289 | ) | | — |
| | — |
| | — |
| | (462,289 | ) | Proceeds from maturity of investments | | 537,500 |
| | — |
| | — |
| | — |
| | 537,500 |
| Change in advances – affiliates | | 679,885 |
| | (689,633 | ) | | — |
| | 9,748 |
| | — |
| Other investing activities, net | | — |
| | (64,941 | ) | | (10,653 | ) | | — |
| | (75,594 | ) | Net cash provided by (used in) investing activities | | 755,096 |
| | (760,364 | ) | | (704,488 | ) | | 9,748 |
| | (700,008 | ) | CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | Change in advances – affiliates | | 292,154 |
| | — |
| | (282,406 | ) | | (9,748 | ) | | — |
| Change in book overdraft | | — |
| | 14,081 |
| | — |
| | — |
| | 14,081 |
| Proceeds from debt issuance, net of discount | | — |
| | 1,497,500 |
| | — |
| | — |
| | 1,497,500 |
| Retirement of long-term debt | | — |
| | (535,792 | ) | | — |
| | — |
| | (535,792 | ) | Other financing activities, net | | 54,307 |
| | (33,296 | ) | | (6,222 | ) | | — |
| | 14,789 |
| Net cash provided by (used in) financing activities | | 346,461 |
| | 942,493 |
| | (288,628 | ) | | (9,748 | ) | | 990,578 |
| INCREASE(DECREASE)IN CASH AND CASH EQUIVALENTS | | 1,102,487 |
| | (58,237 | ) | | (20 | ) | | — |
| | 1,044,230 |
| CASH AND CASH EQUIVALENTS, beginning of period | | 507,849 |
| | 287,942 |
| | 740 |
| | — |
| | 796,531 |
| CASH AND CASH EQUIVALENTS, end of period | | $ | 1,610,336 |
| | $ | 229,705 |
| | $ | 720 |
| | $ | — |
| | $ | 1,840,761 |
|
| Condensed Consolidated Statement of Cash Flows Nine Months Ended September 30, 2010 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | | Net cash provided by (used in) operating activities | | $ | 1,057 |
| | $ | (4,846 | ) | | $ | 683,180 |
| | $ | — |
| | $ | 679,391 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | Purchases of property and equipment | | — |
| | (141,945 | ) | | (405,998 | ) | | — |
| | (547,943 | ) | Purchase of investments | | (537,003 | ) | | (637,770 | ) | | — |
| | — |
| | (1,174,773 | ) | Proceeds from maturity of investments | | 387,500 |
| | — |
| | — |
| | — |
| | 387,500 |
| Change in advances - affiliates | | 3,497 |
| | 428,393 |
| | — |
| | (431,890 | ) | | — |
| Proceeds from affiliate debt | | — |
| | 385,664 |
| | — |
| | (385,664 | ) | | — |
| Issuance of affiliate debt | | — |
| | (543,000 | ) | | — |
| | 543,000 |
| | — |
| Other investing activities, net | | — |
| | 61,610 |
| | 3,957 |
| | — |
| | 65,567 |
| Net cash (used in) provided by investing activities | | (146,006 | ) | | (447,048 | ) | | (402,041 | ) | | (274,554 | ) | | (1,269,649 | ) | CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | Change in book overdraft | | — |
| | (80,263 | ) | | 1,498 |
| | — |
| | (78,765 | ) | Proceeds from debt issuance, net of discount | | — |
| | 992,770 |
| | — |
| | — |
| | 992,770 |
| Retirement of long-term debt | | — |
| | (327,529 | ) | | — |
| | — |
| | (327,529 | ) | Proceeds from long-term loan | | — |
| | — |
| | 543,000 |
| | (543,000 | ) | | — |
| Change in advances - affiliates | | — |
| | — |
| | (431,890 | ) | | 431,890 |
| | — |
| Repayment of debt | | — |
| | (12,000 | ) | | (385,664 | ) | | 385,664 |
| | (12,000 | ) | Other financing activities, net | | 3,358 |
| | (24,250 | ) | | (2,923 | ) | | — |
| | (23,815 | ) | Net cash provided by (used in) financing activities | | 3,358 |
| | 548,728 |
| | (275,979 | ) | | 274,554 |
| | 550,661 |
| (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | | (141,591 | ) | | 96,834 |
| | 5,160 |
| | — |
| | (39,597 | ) | CASH AND CASH EQUIVALENTS, beginning of period | | 642,089 |
| | 269,836 |
| | 17,456 |
| | — |
| | 929,381 |
| CASH AND CASH EQUIVALENTS, end of period | | $ | 500,498 |
| | $ | 366,670 |
| | $ | 22,616 |
| | $ | — |
| | $ | 889,784 |
|
| |