v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (322,722) $ (210,922)
Reconciling items:    
Depreciation 56,975 57,844
Amortization 51,901 64,236
Amortization of non-recoupable ticketing contract advances 10,621 18,811
Amortization of debt issuance costs and discounts 9,196 6,871
Non-cash compensation expense 40,017 11,732
Gain on Sale of Investments (53,899)  
Loss on Sale of Investments   1,192
Other, net (6,519) (19,439)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Decrease in accounts receivable 21,861 227,913
Decrease (increase) in prepaid expenses and other assets 4,704 (207,157)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (39,044) (316,204)
Increase in deferred revenue 301,483 996,798
Net cash provided by operating activities 74,574 631,675
CASH FLOWS FROM INVESTING ACTIVITIES    
Advances of notes receivable (10,784) (10,688)
Collections of notes receivable 884 10,218
Investments made in nonconsolidated affiliates (5,506) (5,679)
Purchases of property, plant and equipment (23,763) (84,563)
Cash paid for acquisitions, net of cash acquired (6,132) (32,508)
Purchases of intangible assets (5,495) (206)
Proceeds from sale of investments in nonconsolidated affiliates 60,308 0
Other, net 596 1,055
Net cash provided by (used in) investing activities 10,108 (122,371)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net of debt issuance costs 501,366 419,418
Payments on long-term debt (80,316) (6,032)
Distributions to noncontrolling interests (5,616) (15,114)
Purchases and sales of noncontrolling interests, net (3,273) (14,030)
Proceeds from exercise of stock options 25,794 6,456
Taxes paid for net share settlement of equity awards (19,944) (7,445)
Other, net (994) (831)
Net cash provided by financing activities 417,017 382,422
Effect of exchange rate changes on cash, cash equivalents and restricted cash (30,681) (84,257)
Net increase in cash, cash equivalents, and restricted cash 471,018 807,469
Cash, cash equivalents, and restricted cash at beginning of period 2,546,439 2,474,242
Cash, cash equivalents, and restricted cash at end of period $ 3,017,457 $ 3,281,711

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