|
Net income
|
|
($219.3m)
|
($136.2m)
|
$76.0m
|
$144.3m
|
$37.4m
|
|
Depreciation and amortization
|
|
$71.6m
|
$69.5m
|
$60.5m
|
$53.9m
|
$57.8m
|
|
Amortization of deferred financing costs
|
|
$4.3m
|
$6.8m
|
$3.2m
|
$3.4m
|
$3.3m
|
|
Deferred income tax expense (benefit)
|
|
—
|
$225k
|
$720k
|
($92.2m)
|
$14.8m
|
|
Impairment of long-lived assets
|
|
—
|
—
|
$0
|
$0
|
$11.2m
|
|
Share-based compensation expense
|
|
$40.7m
|
$39.4m
|
$31.8m
|
$31.2m
|
$27.7m
|
|
Net unrealized and realized (gain) loss on equity investments with readily determinable fair values
|
|
—
|
$49.8m
|
($16.1m)
|
$1.2m
|
($127k)
|
|
Loss on extinguishment of debt
|
|
$0
|
$35.6m
|
$0
|
$0
|
$6.1m
|
|
Operating lease right-of-use assets and lease liabilities
|
|
$110k
|
($12.1m)
|
($13.9m)
|
$45.4m
|
$39.7m
|
|
Other non-cash adjustments
|
|
—
|
$166k
|
($4.3m)
|
$1.6m
|
$889k
|
|
Accounts receivable, net
|
|
$5.8m
|
($15.3m)
|
($4.2m)
|
($13.9m)
|
$9.6m
|
|
Related party receivables and payables, net
|
|
—
|
$19.5m
|
($43.0m)
|
$47.2m
|
($23.7m)
|
|
Prepaid expenses and other current and non-current assets
|
|
($10.8m)
|
($42.4m)
|
($31.4m)
|
($44.2m)
|
($42.8m)
|
|
Accounts payable
|
|
—
|
—
|
$4.8m
|
$10.1m
|
($14.5m)
|
|
Accrued and other current and non-current liabilities
|
|
—
|
—
|
($5.5m)
|
($65.8m)
|
($32.6m)
|
|
Deferred revenue
|
|
$19.7m
|
$4.2m
|
$24.3m
|
($10.3m)
|
$20.4m
|
|
Proceeds from dispositions, net
|
|
$0
|
$0
|
$27.9m
|
$0
|
$0
|
|
Loan to related parties
|
|
($22.0m)
|
($6.8m)
|
($6.7m)
|
($65.0m)
|
$0
|
|
Proceeds from issuance of loans
|
|
$630.5m
|
$650.0m
|
$304k
|
$0
|
$609.4m
|
|
Proceeds from revolving credit facilities
|
|
$0
|
$29.1m
|
$0
|
$73.0m
|
$55.0m
|
|
Repayments on related party loan
|
|
—
|
$0
|
$0
|
($304k)
|
$0
|
|
Net transfers to Sphere Entertainment and its subsidiaries
|
|
($139.3m)
|
($399.7m)
|
($99.4m)
|
$0
|
$0
|
|
Non-cash financing activities
|
|
—
|
—
|
$0
|
$0
|
($148k)
|
|
Non-cash stock repurchases in lieu of payment of loan due from related party
|
|
$0
|
$4.0m
|
$5.3m
|
$65.5m
|
$0
|
|
Related party loan payable assigned to the Company
|
|
$0
|
$0
|
$53.7m
|
$0
|
$0
|
|
Net cash provided by operating activities
|
|
($148.1m)
|
$95.4m
|
$135.7m
|
$111.3m
|
$115.3m
|
|
Capital expenditures
|
|
($10.3m)
|
($15.8m)
|
($15.2m)
|
($24.2m)
|
($22.2m)
|
|
Capital expenditures incurred but not yet paid or paid by landlord
|
|
$1.1m
|
$1.6m
|
$761k
|
$34.8m
|
$23.7m
|
|
Proceeds from sale of investments
|
|
$22.0m
|
$0
|
$24.3m
|
$28.5m
|
$55k
|
|
Other investing activities
|
|
—
|
$0
|
$0
|
($1.7m)
|
($1.5m)
|
|
Net cash (used in) provided by investing activities
|
|
($10.3m)
|
$45.4m
|
$30.3m
|
($62.4m)
|
($23.7m)
|
|
Principal repayments on long-term debt
|
|
($3.2m)
|
($646.8m)
|
($20.1m)
|
($106.3m)
|
($680.6m)
|
|
Payments for debt financing costs
|
|
($14.4m)
|
($16.1m)
|
$0
|
($633k)
|
($9.3m)
|
|
Repurchases of Class A common stock
|
|
$0
|
$0
|
($25.0m)
|
($50.9m)
|
($39.7m)
|
|
Other financing activities
|
|
—
|
—
|
$0
|
$0
|
($53k)
|
|
Net cash used in financing activities
|
|
$473.5m
|
($396.3m)
|
($144.2m)
|
($99.7m)
|
($81.6m)
|
|
Net increase (decrease) in cash, cash equivalents and restricted cash
|
|
$315.0m
|
($255.5m)
|
$21.8m
|
($50.8m)
|
$10.0m
|
|
Cash, cash equivalents and restricted cash, beginning of period
|
|
$318.1m
|
$62.6m
|
$84.4m
|
$33.6m
|
$43.5m
|
|
Related party paid in kind interest
|
|
($5.0m)
|
($3.6m)
|
($3.2m)
|
($512k)
|
$0
|
|
Taxes paid in lieu of shares issued for equity-based compensation
|
|
—
|
$0
|
$0
|
($14.5m)
|
($16.3m)
|