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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (249,510) $ 87,950
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 107,161 15,152
Amortization and impairments of content costs 7,728 3,914
Amortization and write-off of original issue discount and deferred financing costs 2,689 2,588
Equity-based compensation 30,225 5,795
Income taxes (29,771) 860
Equity (earnings) losses of affiliates (50) 263
Net provision for allowance for doubtful accounts 398 107
Other, net 9 (128)
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable (36,482) (7,719)
Other current assets (12,527) (13,866)
Other noncurrent assets (17,988) (3,143)
Accounts payable and accrued liabilities 129,206 (24,724)
Deferred revenue (7,672) (3,945)
Other liabilities 135,921 6,595
Net cash provided by operating activities 59,337 69,699
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, buildings and equipment and other assets (31,483) (4,581)
Investments in affiliates, net (4,809)  
Proceeds from sales of property, buildings and equipment 45  
Net cash used in investing activities (36,247) (4,581)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of long-term debt (9,972) (8,150)
Distributions to members (644) (101,425)
Net cash used in financing activities (10,616) (109,575)
Effects of exchange rate movements on cash (2,501) (31)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9,973 (44,488)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 235,839 180,574
CASH AND CASH EQUIVALENTS, END OF PERIOD 245,812 136,086
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest 64,230 50,495
Cash payments for income taxes 6,467 2,878
NON-CASH INVESTING AND FINANCING TRANSACTIONS:    
Purchases of property and equipment recorded in accrued expenses and accounts payable 24,441 590
Contribution from members for equity-based compensation 2,790 $ 5,795
Principal stockholder contributions $ 1,492