v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 225,525 $ 181,555
Reconciling items:    
Depreciation 133,718 107,530
Amortization 143,544 143,395
Amortization of non-recoupable ticketing contract advances 55,893 54,892
Amortization of debt issuance costs and discounts, net 14,765 9,836
Non-cash compensation expense 34,315 23,921
Unrealized changes in fair value of contingent consideration 11,609 12,198
Loss (gain) on disposal of operating assets 10,464 (507)
Equity in earnings of nonconsolidated affiliates, net of distributions 10,024 5,333
Provision for uncollectible receivables and advances 16,898 7,226
Other, net (6,525) (6,236)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable (545,872) (394,753)
Increase in prepaid expenses and other assets (332,254) (279,269)
Increase in accounts payable, accrued expenses and other liabilities 484,432 536,944
Increase (decrease) in deferred revenue (960) 16,169
Net cash provided by operating activities 255,576 418,234
CASH FLOWS FROM INVESTING ACTIVITIES    
Advances of notes receivable (71,578) (10,943)
Collection of notes receivable 29,104 5,106
Investments made in nonconsolidated affiliates (42,580) (22,157)
Purchases of property, plant and equipment (163,714) (184,499)
Cash paid for acquisitions, net of cash acquired (98,288) (18,809)
Purchases of intangible assets (33,175) (4,895)
Other, net 1,375 698
Net cash used in investing activities (378,856) (235,499)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net of debt issuance costs 857,121 59,313
Payments on long-term debt (391,096) (84,608)
Distributions to noncontrolling interests (41,351) (22,877)
Purchases and sales of noncontrolling interests, net (152,971) (10,730)
Proceeds from exercise of stock options 16,447 44,746
Payments for deferred and contingent consideration (16,239) (14,149)
Other, net (3,785) 2,642
Net cash provided by (used in) financing activities 268,126 (25,663)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (63,870) 118,322
Net increase in cash, cash equivalents and restricted cash 80,976 275,394
Cash, cash equivalents and restricted cash at beginning of period 1,828,822 1,529,575
Cash, cash equivalents and restricted cash at end of period $ 1,909,798 $ 1,804,969

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