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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net Income (Loss) $ 77,142,000 $ (347,242,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 48,956,000 44,903,000
Amortization of intangible assets 255,042,000 250,540,000
Amortization of the right-of-use asset 5,306,000 6,537,000
Stock-based compensation 13,194,000 299,628,000
Deferred income taxes (66,930,000) (34,359,000)
Non-cash interest costs 9,500,000 12,450,000
Loss on extinguishment of debt 15,823,000 0
Loss on equity investments 0 7,784,000
Loss on disposal of property and equipment 2,366,000 77,000
Change in fair value of Private Placement Warrants and unvested founder shares (35,451,000) 0
Changes in assets and liabilities, net of assets acquired and liabilities assumed from acquisitions:    
Accounts receivable, net (480,000) 23,198,000
Prepaid expenses and other assets 4,655,000 (34,280,000)
Prepaid taxes (38,000) 2,130,000
Operating lease obligation (4,962,000) (6,082,000)
Accounts payable and accrued expenses and other 47,303,000 107,017,000
Net cash provided by operating activities 371,426,000 332,301,000
Investing activities:    
Purchases of property and equipment (57,198,000) (49,322,000)
Proceeds from sale of investment 5,641,000 0
Purchase of equity investments 0 (101,006,000)
HST Acquisition, net of cash acquired 36,000 0
DHP Acquisition, net of cash acquired (149,676,000) 0
Net cash used in investing activities (201,197,000) (150,328,000)
Financing activities:    
Repayments of Term Loan G (2,341,000,000) 0
Issuance of Term Loan B 1,298,951,000 0
Issuance of 5.50% Senior Secured Notes 1,034,597,000 0
Taxes paid on settlement of vested share awards (3,312,000) 0
Borrowings on revolving credit facility 0 98,000,000
Repayment of revolving credit facility 0 (98,000,000)
Purchase of treasury stock (61,080,000) 0
Borrowings on finance leases, net 0 9,000
Net cash (used in) provided by financing activities (71,844,000) 9,000
Net increase in cash and cash equivalents 98,385,000 181,982,000
Cash and cash equivalents at beginning of period 126,755,000 21,825,000
Cash and cash equivalents at end of period 225,140,000 203,807,000
Noncash investing and financing activities:    
Purchases of property and equipment not yet paid 6,160,000 4,237,000
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 795,000 10,158,000
Supplemental disclosure of cash flow information:    
Interest (136,951,000) (194,074,000)
Income taxes, net of refunds $ (101,635,000) $ (4,415,000)