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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (32,217) $ 44,192
Reconciling items:    
Depreciation 70,589 57,710
Amortization 62,005 57,475
Amortization of non-recoupable ticketing contract advances 24,080 20,363
Deferred income tax benefit (5,729) (2,550)
Amortization of debt issuance costs and discounts 3,943 4,630
Loss on extinguishment of debt 0 (18,366)
Stock-based compensation expense 31,402 27,571
Unrealized changes in fair value of contingent consideration 12,807 9,702
Equity in losses of nonconsolidated affiliates, net of distributions 3,571 7,793
Provision for uncollectible accounts receivable 1,248 6,054
Gain on mark-to-market of investments in nonconsolidated affiliates (89,840) (668)
Other, net (10,386) 2,911
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable (217,998) (163,603)
Increase in prepaid expenses and other assets (360,997) (369,494)
Decrease in accounts payable, accrued expenses and other liabilities (185,039) (460,749)
Increase in deferred revenue 1,681,431 1,896,145
Net cash provided by operating activities 988,870 1,155,848
CASH FLOWS FROM INVESTING ACTIVITIES    
Advances of notes receivable (31,495) (33,579)
Collections of notes receivable 2,639 2,825
Investments made in nonconsolidated affiliates (12,392) (6,455)
Purchases of property, plant and equipment (134,053) (116,886)
Cash acquired from acquisitions, net of cash paid 10,010 96,382
Purchases of intangible assets (11,673) 0
Other, net 6,265 (2,076)
Net cash used in investing activities (170,699) (59,789)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net of debt issuance costs 562 987,793
Payments on long-term debt (373,253) (604,584)
Contributions from noncontrolling interests 28 5,944
Distributions to noncontrolling interests (56,162) (54,915)
Purchases of noncontrolling interests, net (8,795) (21,606)
Payments for capped call transactions 0 (75,500)
Proceeds from exercise of stock options 1,787 994
Taxes paid for net share settlement of equity awards (25,483) (7,949)
Payments for deferred and contingent consideration (16,421) (2,606)
Other, net (619) (1,870)
Net cash provided by (used in) financing activities (478,356) 225,701
Effect of exchange rate changes on cash, cash equivalents and restricted cash (69,422) 63,318
Net increase in cash, cash equivalents, and restricted cash 270,393 1,385,078
Cash, cash equivalents, and restricted cash at beginning of period 6,238,956 5,612,374
Cash, cash equivalents, and restricted cash at end of period $ 6,509,349 $ 6,997,452

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