v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 60,879 $ 42,328
Reconciling items:    
Depreciation 106,015 85,493
Amortization 96,723 92,163
Amortization of non-recoupable ticketing contract advances 34,267 36,285
Amortization of debt issuance costs and discounts, net 10,828 9,298
Non-cash compensation expense 24,926 22,946
Other, net 11,902 5,694
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable (256,575) (229,016)
Increase in prepaid expenses and other assets (380,285) (604,699)
Increase in accounts payable, accrued expenses and other liabilities 5,880 112,065
Increase in deferred revenue 578,763 947,269
Net cash provided by operating activities 293,323 519,826
CASH FLOWS FROM INVESTING ACTIVITIES    
Advances of notes receivable (13,931) (69,346)
Collection of notes receivable 5,337 14,481
Investments made in nonconsolidated affiliates (28,931) (38,201)
Purchases of property, plant and equipment (135,940) (100,641)
Cash paid for acquisitions, net of cash acquired (87,595) (93,256)
Purchases of intangible assets (20,614) (27,620)
Other, net 20 188
Net cash used in investing activities (281,654) (314,395)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net of debt issuance costs 558 857,121
Payments on long-term debt (21,933) (372,650)
Distributions to noncontrolling interests (63,373) (31,143)
Purchases and sales of noncontrolling interests, net (1,463) (131,093)
Proceeds from exercise of stock options 10,199 10,854
Taxes paid for net share settlement of equity awards (10,259) (8,602)
Payments for deferred and contingent consideration (19,962) (14,655)
Other, net 8,323 4,899
Net cash provided by (used in) financing activities (97,910) 314,731
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6,983) (48,671)
Net increase (decrease) in cash, cash equivalents and restricted cash (93,224) 471,491
Cash, cash equivalents and restricted cash at beginning of period 2,378,203 1,828,822
Cash, cash equivalents and restricted cash at end of period $ 2,284,979 $ 2,300,313

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