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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 118,212 $ 90,340 $ 7,774
Reconciling items:      
Depreciation 220,459 185,376 149,634
Amortization 223,532 201,153 222,567
Amortization of non-recoupable ticketing contract advances 80,302 80,087 83,334
Deferred income tax benefit (465) (6,247) (71,539)
Amortization of debt issuance costs and discounts 24,116 20,219 13,174
Provision for uncollectible accounts receivable 27,926 26,321 20,295
Non-cash compensation expense 48,785 45,582 42,755
Unrealized changes in fair value of contingent consideration 6,698 14,125 18,011
Loss (gain) on disposal of operating assets (2,373) 10,369 (969)
Equity in losses (earnings) of nonconsolidated affiliates, net of distributions 14,152 11,693 6,898
Other, net (3,654) (3,760) 2,083
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Increase in accounts receivable (159,792) (135,429) (133,020)
Increase in prepaid expenses and other assets (170,486) (266,241) (238,549)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (45,920) 323,459 474,301
Increase in deferred revenue 88,291 344,539 26,773
Net cash provided by operating activities 469,783 941,586 623,522
CASH FLOWS FROM INVESTING ACTIVITIES      
Advances of notes receivable (50,035) (90,705) (19,120)
Collections of notes receivable 13,216 33,914 9,657
Investments made in nonconsolidated affiliates (57,280) (46,497) (25,170)
Purchases of property, plant and equipment (323,566) (239,833) (238,435)
Cash paid for acquisitions, net of cash acquired (235,071) (120,228) (47,946)
Purchases of intangible assets (42,261) (35,630) (10,977)
Other, net 3,997 2,070 4,405
Net cash used in investing activities (691,000) (496,909) (327,586)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from long-term debt, net of debt issuance costs 937,400 858,667 60,912
Payments of long-term debt including extinguishment costs (437,267) (400,396) (110,855)
Contributions from noncontrolling interests 14,285 4,900 10,671
Distributions to noncontrolling interests (107,476) (59,187) (46,036)
Purchases and sales of noncontrolling interest (50,267) (159,634) (71,509)
Proceeds from exercise of stock options 14,104 22,568 51,069
Taxes paid for net share settlement of equity awards (15,353) (55,005) (5,452)
Payments for deferred and contingent consideration (26,537) (18,784) (15,883)
Other, net 0 (4,345) 0
Net cash provided by (used in) financing activities 328,889 188,784 (127,083)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (11,633) (84,080) 130,394
Net increase in cash, cash equivalents and restricted cash 96,039 549,381 299,247
Cash, cash equivalents and restricted cash at beginning of period 2,378,203 1,828,822 1,529,575
Cash, cash equivalents and restricted cash at end of period 2,474,242 2,378,203 1,828,822
Cash paid during the year for:      
Interest, net of interest income 103,915 100,278 87,111
Income taxes, net of refunds $ 66,937 $ 60,016 $ 44,871

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