v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (1,827,790) $ 118,212 $ 90,340
Reconciling items:      
Depreciation 245,713 220,459 185,376
Amortization 239,312 223,532 201,153
Amortization of non-recoupable ticketing contract advances 47,971 80,302 80,087
Deferred income tax benefit (37,877) (465) (6,247)
Amortization of debt issuance costs and discounts 32,774 24,116 20,219
Provision for uncollectible accounts receivable 43,076 27,926 26,321
Non-cash compensation expense 116,889 48,785 45,582
Unrealized changes in fair value of contingent consideration (24,448) 6,698 14,125
Equity in losses (earnings) of nonconsolidated affiliates, net of distributions 18,280 14,152 11,693
Other, net (16,745) (6,027) 6,609
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Decrease (increase) in accounts receivable 490,588 (159,792) (135,429)
Decrease (increase) in prepaid expenses and other assets 141,631 (170,486) (266,241)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (1,379,461) (45,920) 323,459
Increase in deferred revenue 826,699 88,291 344,539
Net cash provided by (used in) operating activities (1,083,388) 469,783 941,586
CASH FLOWS FROM INVESTING ACTIVITIES      
Advances of notes receivable (56,957) (50,035) (90,705)
Collections of notes receivable 80,963 13,216 33,914
Investments made in nonconsolidated affiliates (11,242) (57,280) (46,497)
Purchases of property, plant and equipment (213,746) (323,566) (239,833)
Cash paid for acquisitions, net of cash acquired (41,083) (235,071) (120,228)
Purchases of intangible assets (8,863) (42,261) (35,630)
Proceeds from sale of investments in nonconsolidated affiliates 19,003 1,455 0
Other, net 7,863 2,542 2,070
Net cash used in investing activities (224,062) (691,000) (496,909)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from long-term debt, net of debt issuance costs 1,607,365 937,400 858,667
Payments of long-term debt including extinguishment costs (30,987) (437,267) (400,396)
Contributions from noncontrolling interests 5,418 14,285 4,900
Distributions to noncontrolling interests (41,624) (107,476) (59,187)
Purchases and sales of noncontrolling interest, net (106,242) (50,267) (159,634)
Proceeds from exercise of stock options 30,647 14,104 22,568
Taxes paid for net share settlement of equity awards (47,539) (15,353) (55,005)
Payments for deferred and contingent consideration (66,992) (26,537) (18,784)
Other, net 36 0 (4,345)
Net cash provided by financing activities 1,350,082 328,889 188,784
Effect of exchange rate changes on cash, cash equivalents and restricted cash 29,565 (11,633) (84,080)
Net increase in cash, cash equivalents and restricted cash 72,197 96,039 549,381
Cash, cash equivalents and restricted cash at beginning of period 2,474,242 2,378,203 1,828,822
Cash, cash equivalents and restricted cash at end of period 2,546,439 2,474,242 2,378,203
Cash paid during the year for:      
Interest, net of interest income 166,403 103,915 100,278
Income taxes, net of refunds $ 26,151 $ 66,937 $ 60,016

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