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
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 375,529 $ 179,421
Reconciling items:    
Depreciation 127,670 114,119
Amortization 124,029 102,277
Amortization of non-recoupable ticketing contract advances 41,597 40,392
Amortization of debt issuance costs and discounts 8,949 8,224
Loss on extinguishment of debt 18,366 0
Stock-based compensation expense 55,333 61,741
Unrealized changes in fair value of contingent consideration 20,100 18,010
Equity in losses of nonconsolidated affiliates, net of distributions 9,019 10,112
Provision for uncollectible accounts receivable 20,120 25,702
Loss (gain) on mark-to-market of equity investments (26,408) 5,657
Other, net 4,918 3,928
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Increase in accounts receivable (395,516) (440,290)
Increase in prepaid expenses and other assets (836,672) (607,939)
Increase in accounts payable, accrued expenses and other liabilities 298,718 972,906
Increase in deferred revenue 1,801,097 1,053,178
Net cash provided by operating activities 1,646,849 1,547,438
CASH FLOWS FROM INVESTING ACTIVITIES    
Advances of notes receivable (118,973) (30,558)
Collections of notes receivable 8,286 11,074
Investments made in nonconsolidated affiliates (26,336) (46,699)
Purchases of property, plant and equipment (202,531) (130,278)
Cash acquired from (paid for) acquisitions, net of cash paid (acquired) 69,359 (39,854)
Purchases of intangible assets (35,088) (6,129)
Other, net 6,077 (2,292)
Net cash used in investing activities (299,206) (244,736)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net of debt issuance costs 986,766 4,009
Payments on long-term debt (614,030) (22,638)
Contributions from noncontrolling interests 14,716 13,448
Distributions to noncontrolling interests (137,609) (66,114)
Purchases and sales of noncontrolling interests, net (88,239) (27,138)
Payments for capped call transactions (75,500) 0
Proceeds from exercise of stock options 4,999 26,051
Taxes paid for net share settlement of equity awards (8,464) (41,731)
Payments for deferred and contingent consideration (9,440) (22,508)
Other, net 315 (1,014)
Net cash provided by (used in) financing activities 73,514 (137,635)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 103,111 (186,703)
Net increase in cash, cash equivalents, and restricted cash 1,524,268 978,364
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 $ 7,136,642 $ 5,866,156