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Guarantor Subsidiaries (Tables)
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12 Months Ended |
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Dec. 31, 2011
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Dec. 31, 2010
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Dec. 31, 2009
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| Guarantor Subsidiaries [Abstract] |
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| Schedule of Condensed Consolidated Statements of Financial Position |
Condensed Consolidating Balance Sheet Information As of December 31, 2011 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | CURRENT ASSETS: | | | | | | | | | | | Cash and cash equivalents | | $ | 657,289 |
| | $ | 1,285,266 |
| | $ | 727 |
| | $ | — |
| | $ | 1,943,282 |
| Inventories | | — |
| | 226,124 |
| | 13,524 |
| | — |
| | 239,648 |
| Accounts receivable, net | | — |
| | 77,396 |
| | 627 |
| | — |
| | 78,023 |
| Advances to subsidiaries | | 671,193 |
| | 245,866 |
| | — |
| | (917,059 | ) | | — |
| Other current assets | | 300,068 |
| | 102,845 |
| | 79,727 |
| | — |
| | 482,640 |
| Total current assets | | 1,628,550 |
| | 1,937,497 |
| | 94,605 |
| | (917,059 | ) | | 2,743,593 |
| Property and equipment, net | | — |
| | 1,378 |
| | 4,016,621 |
| | — |
| | 4,017,999 |
| Long-term investments | | 6,319 |
| | — |
| | — |
| | — |
| | 6,319 |
| Investment in subsidiaries | | 1,297,957 |
| | 4,728,985 |
| | — |
| | (6,026,942 | ) | | — |
| FCC licenses | | — |
| | 3,800 |
| | 2,535,241 |
| | — |
| | 2,539,041 |
| Other assets | | — |
| | 137,985 |
| | 39,612 |
| | (1,618 | ) | | 175,979 |
| Total assets | | $ | 2,932,826 |
| | $ | 6,809,645 |
| | $ | 6,686,079 |
| | $ | (6,945,619 | ) | | $ | 9,482,931 |
| CURRENT LIABILITIES: | | | | | | | | | | | Advances from subsidiaries | | $ | — |
| | $ | — |
| | $ | 917,059 |
| | $ | (917,059 | ) | | $ | — |
| Other current liabilities | | — |
| | 243,247 |
| | 573,476 |
| | — |
| | 816,723 |
| Total current liabilities | | — |
| | 243,247 |
| | 1,490,535 |
| | (917,059 | ) | | 816,723 |
| Long-term debt, net | | — |
| | 4,437,924 |
| | 273,097 |
| | — |
| | 4,711,021 |
| Deferred credits | | 5,226 |
| | 813,498 |
| | 120,028 |
| | (1,618 | ) | | 937,134 |
| Other long-term liabilities | | — |
| | 17,019 |
| | 73,434 |
| | — |
| | 90,453 |
| Total liabilities | | 5,226 |
| | 5,511,688 |
| | 1,957,094 |
| | (918,677 | ) | | 6,555,331 |
| STOCKHOLDERS’ EQUITY: | | | | | | | | | | | Common stock | | 36 |
| | — |
| | — |
| | — |
| | 36 |
| Other stockholders’ equity | | 2,927,564 |
| | 1,297,957 |
| | 4,728,985 |
| | (6,026,942 | ) | | 2,927,564 |
| Total stockholders’ equity | | 2,927,600 |
| | 1,297,957 |
| | 4,728,985 |
| | (6,026,942 | ) | | 2,927,600 |
| Total liabilities and stockholders’ equity | | $ | 2,932,826 |
| | $ | 6,809,645 |
| | $ | 6,686,079 |
| | $ | (6,945,619 | ) | | $ | 9,482,931 |
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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 |
| Inventories | | — |
| | 145,260 |
| | 15,789 |
| | — |
| | 161,049 |
| Accounts receivable, net | | — |
| | 57,047 |
| | 1,009 |
| | — |
| | 58,056 |
| Advances to subsidiaries | | 647,701 |
| | 462,518 |
| | — |
| | (1,110,219 | ) | | — |
| Other current assets | | 374,956 |
| | 114,285 |
| | 89,008 |
| | — |
| | 578,249 |
| 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: | | | | | | | | | | | Advances from subsidiaries | | $ | — |
| | $ | — |
| | $ | 1,110,219 |
| | $ | (1,110,219 | ) | | $ | — |
| Other current liabilities | | — |
| | 233,678 |
| | 568,742 |
| | — |
| | 802,420 |
| Total current liabilities | | — |
| | 233,678 |
| | 1,678,961 |
| | (1,110,219 | ) | | 802,420 |
| Long-term debt, net | | — |
| | 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 |
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| Schedule of Condensed Consolidated Statements of Income |
Condensed Consolidating Statement of Income Information Year Ended December 31, 2011 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | REVENUES: | | | | | | | | | | | Total Revenues | | $ | — |
| | $ | 18,802 |
| | $ | 4,858,650 |
| | $ | (30,070 | ) | | $ | 4,847,382 |
| OPERATING EXPENSES: | | | | | | | | | | | Cost of revenues | | — |
| | 17,452 |
| | 2,926,049 |
| | (30,070 | ) | | 2,913,431 |
| Selling, general and administrative expenses | | — |
| | 1,350 |
| | 642,609 |
| | — |
| | 643,959 |
| Other operating expenses | | — |
| | 264 |
| | 542,190 |
| | — |
| | 542,454 |
| Total operating expenses | | — |
| | 19,066 |
| | 4,110,848 |
| | (30,070 | ) | | 4,099,844 |
| (Loss) income from operations | | — |
| | (264 | ) | | 747,802 |
| | — |
| | 747,538 |
| OTHER EXPENSE (INCOME): | | | | | | | | | | | Interest expense | | — |
| | 243,163 |
| | 17,910 |
| | — |
| | 261,073 |
| Non-operating expenses | | (1,859 | ) | | 9,414 |
| | (746 | ) | | — |
| | 6,809 |
| Earnings from consolidated subsidiaries | | (299,451 | ) | | (734,432 | ) | | — |
| | 1,033,883 |
| | — |
| Total other (income) expense | | (301,310 | ) | | (481,855 | ) | | 17,164 |
| | 1,033,883 |
| | 267,882 |
| Income (loss) before provision for income taxes | | 301,310 |
| | 481,591 |
| | 730,638 |
| | (1,033,883 | ) | | 479,656 |
| Provision for income taxes | | — |
| | (182,140 | ) | | 3,794 |
| | — |
| | (178,346 | ) | Net income (loss) | | $ | 301,310 |
| | $ | 299,451 |
| | $ | 734,432 |
| | $ | (1,033,883 | ) | | $ | 301,310 |
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Year Ended December 31, 2010 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | REVENUES: | | | | | | | | | | | Total Revenues | | $ | — |
| | $ | 16,036 |
| | $ | 4,277,726 |
| | $ | (224,409 | ) | | $ | 4,069,353 |
| OPERATING EXPENSES: | | | | | | | | | | | Cost of revenues | | — |
| | 15,200 |
| | 2,527,084 |
| | (224,409 | ) | | 2,317,875 |
| Selling, general and administrative expenses | | — |
| | 835 |
| | 620,825 |
| | — |
| | 621,660 |
| Other operating expenses | | — |
| | 16,773 |
| | 394,147 |
| | — |
| | 410,920 |
| Total operating expenses | | — |
| | 32,808 |
| | 3,542,056 |
| | (224,409 | ) | | 3,350,455 |
| (Loss) income from operations | | — |
| | (16,772 | ) | | 735,670 |
| | — |
| | 718,898 |
| OTHER EXPENSE (INCOME): | | | | | | | | | | | Interest expense | | — |
| | 252,661 |
| | 153,672 |
| | (143,208 | ) | | 263,125 |
| Non-operating expenses | | (1,797 | ) | | 2,233 |
| | (165 | ) | | 143,208 |
| | 143,479 |
| Earnings from consolidated subsidiaries | | (191,546 | ) | | (581,027 | ) | | — |
| | 772,573 |
| | — |
| Total other (income) expense | | (193,343 | ) | | (326,133 | ) | | 153,507 |
| | 772,573 |
| | 406,604 |
| Income (loss) before provision for income taxes | | 193,343 |
| | 309,361 |
| | 582,163 |
| | (772,573 | ) | | 312,294 |
| Provision for income taxes | | 72 |
| | (117,815 | ) | | (1,136 | ) | | — |
| | (118,879 | ) | Net income (loss) | | $ | 193,415 |
| | $ | 191,546 |
| | $ | 581,027 |
| | $ | (772,573 | ) | | $ | 193,415 |
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Condensed Consolidating Statement of Income Information Year Ended December 31, 2009 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | REVENUES: | | | | | | | | | | | Total Revenues | | $ | — |
| | $ | 16,409 |
| | $ | 3,628,698 |
| | $ | (164,592 | ) | | $ | 3,480,515 |
| OPERATING EXPENSES: | | | | | | | | | | | Cost of revenues | | — |
| | 15,336 |
| | 2,153,580 |
| | (164,592 | ) | | 2,004,324 |
| Selling, general and administrative expenses | | — |
| | 1,074 |
| | 566,656 |
| | — |
| | 567,730 |
| Other operating expenses | | — |
| | 228 |
| | 372,945 |
| | — |
| | 373,173 |
| Total operating expenses | | — |
| | 16,638 |
| | 3,093,181 |
| | (164,592 | ) | | 2,945,227 |
| (Loss) income from operations | | — |
| | (229 | ) | | 535,517 |
| | — |
| | 535,288 |
| OTHER EXPENSE (INCOME): | | | | | | | | | | | Interest expense | | — |
| | 270,662 |
| | 135,039 |
| | (135,416 | ) | | 270,285 |
| Non-operating expenses | | (2,456 | ) | | (131,512 | ) | | (124 | ) | | 135,416 |
| | 1,324 |
| Earnings from consolidated subsidiaries | | (174,388 | ) | | (402,358 | ) | | — |
| | 576,746 |
| | — |
| Total other (income) expense | | (176,844 | ) | | (263,208 | ) | | 134,915 |
| | 576,746 |
| | 271,609 |
| Income (loss) before provision for income taxes | | 176,844 |
| | 262,979 |
| | 400,602 |
| | (576,746 | ) | | 263,679 |
| Provision for income taxes | | — |
| | (88,591 | ) | | 1,756 |
| | — |
| | (86,835 | ) | Net income (loss) | | $ | 176,844 |
| | $ | 174,388 |
| | $ | 402,358 |
| | $ | (576,746 | ) | | $ | 176,844 |
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| Schedule of Condensed Consolidated Statements of Cash Flows |
Condensed Consolidating Statement of Cash Flows Information Year Ended December 31, 2011 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | | Net cash provided by (used in) operating activities | | $ | 1,363 |
| | $ | (331,843 | ) | | $ | 1,392,288 |
| | $ | — |
| | $ | 1,061,808 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | Purchases of property and equipment | | — |
| | (5,944 | ) | | (883,825 | ) | | — |
| | (889,769 | ) | Purchase of investments | | (599,765 | ) | | — |
| | — |
| | — |
| | (599,765 | ) | Proceeds from maturity of investments | | 675,000 |
| | — |
| | — |
| | — |
| | 675,000 |
| Change in advances – affiliates | | 18,683 |
| | 471,116 |
| | — |
| | (489,799 | ) | | — |
| Other investing activities, net | | — |
| | (61,515 | ) | | (10,822 | ) | | — |
| | (72,337 | ) | Net cash provided by (used in) investing activities | | 93,918 |
| | 403,657 |
| | (894,647 | ) | | (489,799 | ) | | (886,871 | ) | CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | Change in advances – affiliates | | — |
| | — |
| | (489,799 | ) | | 489,799 |
| | — |
| Change in book overdraft | | — |
| | 3,445 |
| | — |
| | — |
| | 3,445 |
| Proceeds from debt issuance, net of discount | | — |
| | 1,497,500 |
| | — |
| | — |
| | 1,497,500 |
| Retirement of long-term debt | | — |
| | (535,792 | ) | | — |
| | — |
| | (535,792 | ) | Repayment of debt | | — |
| | (24,292 | ) | | — |
| | — |
| | (24,292 | ) | Other financing activities, net | | 54,159 |
| | (15,351 | ) | | (7,855 | ) | | — |
| | 30,953 |
| Net cash provided by (used in) financing activities | | 54,159 |
| | 925,510 |
| | (497,654 | ) | | 489,799 |
| | 971,814 |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | | 149,440 |
| | 997,324 |
| | (13 | ) | | — |
| | 1,146,751 |
| CASH AND CASH EQUIVALENTS, beginning of period | | 507,849 |
| | 287,942 |
| | 740 |
| | — |
| | 796,531 |
| CASH AND CASH EQUIVALENTS, end of period | | $ | 657,289 |
| | $ | 1,285,266 |
| | $ | 727 |
| | $ | — |
| | $ | 1,943,282 |
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Condensed Consolidating Statement of Cash Flows Information Year Ended December 31, 2010 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | | Net cash provided by (used in) operating activities | | $ | 1,401 |
| | $ | (37,976 | ) | | $ | 1,031,075 |
| | $ | — |
| | $ | 994,500 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |
| |
| |
| |
| |
| Purchases of property and equipment | | — |
| | (173,162 | ) | | (617,223 | ) | | — |
| | (790,385 | ) | Purchase of investments | | (711,827 | ) | | — |
| | — |
| | — |
| | (711,827 | ) | Proceeds from maturity of investments | | 562,500 |
| | — |
| | — |
| | — |
| | 562,500 |
| Change in advances - affiliates | | 5,477 |
| | 555,390 |
| | — |
| | (560,867 | ) | | — |
| Proceeds from affiliate debt | | — |
| | 505,481 |
| | — |
| | (505,481 | ) | | — |
| Issuance of affiliate debt | | — |
| | (683,000 | ) | | — |
| | 683,000 |
| | — |
| Other investing activities, net | | — |
| | 30,433 |
| | (41,139 | ) | | — |
| | (10,706 | ) | Net cash (used in) provided by investing activities | | (143,850 | ) | | 235,142 |
| | (658,362 | ) | | (383,348 | ) | | (950,418 | ) | CASH FLOWS FROM FINANCING ACTIVITIES: | |
| |
| |
| |
| |
| Change in book overdraft | | — |
| | (80,291 | ) | | (2,421 | ) | | — |
| | (82,712 | ) | Proceeds from senior note offerings | | — |
| | 1,992,770 |
| | — |
| | — |
| | 1,992,770 |
| Proceeds from long-term loan | | — |
| | — |
| | 683,000 |
| | (683,000 | ) | | — |
| Change in advances - affiliates | | — |
| | — |
| | (560,867 | ) | | 560,867 |
| | — |
| Retirement of long-term debt | | — |
| | (2,040,186 | ) | | — |
| | — |
| | (2,040,186 | ) | Repayment of debt | | — |
| | (16,000 | ) | | (505,481 | ) | | 505,481 |
| | (16,000 | ) | Other financing activities, net | | 8,209 |
| | (35,353 | ) | | (3,660 | ) | | — |
| | (30,804 | ) | Net cash provided by (used in) financing activities | | 8,209 |
| | (179,060 | ) | | (389,429 | ) | | 383,348 |
| | (176,932 | ) | (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | | (134,240 | ) | | 18,106 |
| | (16,716 | ) | | — |
| | (132,850 | ) | CASH AND CASH EQUIVALENTS, beginning of period | | 642,089 |
| | 269,836 |
| | 17,456 |
| | — |
| | 929,381 |
| CASH AND CASH EQUIVALENTS, end of period | | $ | 507,849 |
| | $ | 287,942 |
| | $ | 740 |
| | $ | — |
| | $ | 796,531 |
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Condensed Consolidating Statement of Cash Flows Information Year Ended December 31, 2009 | | | | | | | | | | | | | | | | | | | | | | | | Parent | | Issuer | | Guarantor Subsidiaries | | Eliminations | | Consolidated | | | (in thousands) | CASH FLOWS FROM OPERATING ACTIVITIES: | | | | | | | | | | | Net cash provided by (used in) operating activities | | $ | 258,785 |
| | $ | (26,058 | ) | | $ | 683,212 |
| | $ | (16,590 | ) | | $ | 899,349 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | | | | | | Purchases of property and equipment | | — |
| | (9,177 | ) | | (822,497 | ) | | — |
| | (831,674 | ) | Purchase of investments | | (486,645 | ) | | — |
| | — |
| | — |
| | (486,645 | ) | Proceeds from maturity of investments | | 262,500 |
| | — |
| | — |
| | — |
| | 262,500 |
| Proceeds from affiliate debt | | — |
| | 296,700 |
| | — |
| | (296,700 | ) | | — |
| Issuance of affiliate debt | | — |
| | (465,000 | ) | | — |
| | 465,000 |
| | — |
| Other investing activities, net | | — |
| | (52,028 | ) | | (9,107 | ) | | — |
| | (61,135 | ) | Net cash (used in) provided by investing activities | | (224,145 | ) | | (229,505 | ) | | (831,604 | ) | | 168,300 |
| | (1,116,954 | ) | CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | | | | | | Change in book overdraft | | — |
| | (17,047 | ) | | (3,267 | ) | | — |
| | (20,314 | ) | Proceeds from long-term loan | | — |
| | — |
| | 465,000 |
| | (465,000 | ) | | — |
| Proceeds from senior note offerings | | — |
| | 492,250 |
| | — |
| | — |
| | 492,250 |
| Repayment of debt | | — |
| | (16,000 | ) | | (296,700 | ) | | 296,700 |
| | (16,000 | ) | Other financing activities, net | | 8,626 |
| | (11,925 | ) | | (20,189 | ) | | 16,590 |
| | (6,898 | ) | Net cash provided by (used in) financing activities | | 8,626 |
| | 447,278 |
| | 144,844 |
| | (151,710 | ) | | 449,038 |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | | 43,266 |
| | 191,715 |
| | (3,548 | ) | | — |
| | 231,433 |
| CASH AND CASH EQUIVALENTS, beginning of period | | 598,823 |
| | 78,121 |
| | 21,004 |
| | — |
| | 697,948 |
| CASH AND CASH EQUIVALENTS, end of period | | $ | 642,089 |
| | $ | 269,836 |
| | $ | 17,456 |
| | $ | — |
| | $ | 929,381 |
|
|