Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 46,302 $ (42,705)
Reconciling items:    
Depreciation 89,462 70,589
Amortization of definite-lived intangibles 59,993 62,005
Amortization of non-recoupable ticketing contract advances 24,722 24,080
Deferred income taxes 4,271 (5,729)
Amortization of debt issuance costs and discounts 3,684 3,943
Stock-based compensation expense 24,550 31,402
Unrealized changes in fair value of contingent consideration 1,169 12,807
Equity in losses of nonconsolidated affiliates, net of distributions 3,480 3,571
Provision for uncollectible accounts receivable 3,574 1,248
Gain on mark-to-market of investments in nonconsolidated affiliates and crypto assets (5,467) (89,840)
Other, net 8,876 (10,386)
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable (70,535) (247,337)
Increase in prepaid expenses and other assets (592,946) (360,997)
Decrease in accounts payable, accrued expenses and other liabilities (545,945) (145,212)
Increase in deferred revenue 2,266,061 1,681,431
Net cash provided by operating activities 1,321,251 988,870
CASH FLOWS FROM INVESTING ACTIVITIES    
Advances of notes receivable (6,403) (31,495)
Collections of notes receivable 9,375 2,639
Investments made in nonconsolidated affiliates (3,887) (12,392)
Purchases of property, plant and equipment (170,791) (134,053)
Cash paid for acquisition of right-of-use assets (20,800) 0
Cash acquired from (paid for) acquisitions, net of cash paid (acquired) (31,346) 10,010
Purchases of intangible assets (5) (11,673)
Other, net 6,462 6,265
Net cash used in investing activities (217,395) (170,699)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net of debt issuance costs 11,059 562
Payments on long-term debt including extinguishment costs (86,828) (373,253)
Contributions from noncontrolling interests 4,612 28
Distributions to noncontrolling interests (33,742) (56,162)
Purchases of noncontrolling interests, net (4,496) (8,795)
Proceeds from exercise of stock options 2,606 1,787
Taxes paid for net share settlement of equity awards (65,009) (25,483)
Payments for deferred and contingent consideration (1,242) (16,421)
Other, net (150) (619)
Net cash used in financing activities (173,190) (478,356)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 131,471 (69,422)
Net increase in cash, cash equivalents and restricted cash 1,062,137 270,393
Cash, cash equivalents and restricted cash at beginning of period 6,106,109 6,238,956
Cash, cash equivalents and restricted cash at end of period $ 7,168,246 $ 6,509,349