Quarterly report pursuant to Section 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, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 44,192 $ (48,956)
Reconciling items:    
Depreciation 57,710 50,760
Amortization 57,475 49,709
Amortization of non-recoupable ticketing contract advances 20,363 18,527
Amortization of debt issuance costs and discounts 4,630 4,114
Loss on extinguishment of debt (18,366) 0
Stock-based compensation expense 27,571 49,241
Unrealized changes in fair value of contingent consideration 9,702 10,904
Equity in losses of nonconsolidated affiliates, net of distributions 7,793 2,090
Provision for uncollectible accounts receivable 6,054 (536)
Other, net (307) 6,078
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable (163,603) (152,725)
Increase in prepaid expenses and other assets (369,494) (338,017)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (460,749) 236,584
Increase in deferred revenue 1,896,145 1,310,527
Net cash provided by operating activities 1,155,848 1,198,300
CASH FLOWS FROM INVESTING ACTIVITIES    
Advances of notes receivable (33,579) (18,399)
Collections of notes receivable 2,825 6,709
Investments made in nonconsolidated affiliates (6,455) (26,243)
Purchases of property, plant and equipment (116,886) (62,525)
Cash acquired from (paid for) acquisitions, net of cash paid (acquired) 96,382 (13,962)
Other, net (2,076) (533)
Net cash used in investing activities (59,789) (114,953)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net of debt issuance costs 987,793 700
Payments on long-term debt (604,584) (12,784)
Contributions from noncontrolling interests 5,944 5,712
Distributions to noncontrolling interests (54,915) (38,966)
Purchases and sales of noncontrolling interests, net (21,606) (105)
Payments for capped call transactions (75,500) 0
Proceeds from exercise of stock options 994 10,907
Taxes paid for net share settlement of equity awards (7,949) (36,568)
Payments for deferred and contingent consideration (2,606) (3,610)
Other, net (1,870) (327)
Net cash provided by (used in) financing activities 225,701 (75,041)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 63,318 (21,079)
Net increase in cash, cash equivalents, and restricted cash 1,385,078 987,227
Cash, cash equivalents, and restricted cash at beginning of period 5,612,374 4,887,792
Cash, cash equivalents, and restricted cash at end of period $ 6,997,452 $ 5,875,019