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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 61,390,000 $ 58,237,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 153,654,000 38,503,000
Non-cash lease expense 14,456,000 2,409,000
Share-based compensation 11,417,000 8,384,000
Goodwill and asset impairment 0 4,675,000
Amortization of debt discount and debt issuance costs 5,124,000 3,144,000
Gain from insurance recoveries, net of losses 0 (11,160,000)
Gain on sale-leaseback, net (50,766,000) (53,425,000)
Deferred income taxes (28,879,000) (2,525,000)
Loss on assets and liabilities measured at fair value 567,000 15,069,000
Change in value of naming rights liabilities (33,411,000) 8,336,000
Change in contingent consideration payable (10,175,000) (11,703,000)
Business Combination, Bargain Purchase, Gain Recognized, Amount 107,000 (24,114,000)
Other operating activities 1,520,000 2,761,000
Changes in current operating assets and liabilities 39,540,000 (4,366,000)
Net cash provided by operating activities 164,544,000 34,225,000
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash acquired 0 (332,029,000)
Proceeds from sale-leaseback 150,000,000 144,000,000
Foreign exchange forward contract premiums 0 (22,592,000)
Capital expenditures (116,081,000) (35,785,000)
Insurance proceeds from hurricane damage 0 11,160,000
Cash paid for internally developed software (31,455,000) 0
Acquisition of gaming licenses 51,560,000 250,000
Purchase of equity securities (3,175,000) 0
Other intangible asset acquisitions (1,825,000) 0
Other investing activities (1,738,000) (231,000)
Net cash used in investing activities (55,834,000) (235,727,000)
Cash flows from financing activities:    
Issuance of long-term debt 110,000,000 275,000,000
Repayments of long-term debt (204,725,000) (37,875,000)
Payment of financing fees 0 (5,840,000)
Payment of deferred consideration (30,025,000) 0
Share repurchases (13,288,000) 0
Issuance of common stock, net 0 667,872,000
Issuance of Sinclair penny warrants 0 50,000,000
Other financing activities (2,752,000) (1,010,000)
Net cash (used in) provided by financing activities (140,790,000) 948,147,000
Effect of foreign currency on cash and cash equivalents (11,404,000) 483,000
Net change in cash and cash equivalents and restricted cash (43,484,000) 747,128,000
Cash and cash equivalents and restricted cash, beginning of period 274,840,000 126,555,000
Cash and cash equivalents and restricted cash, end of period 231,356,000 873,683,000
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of amounts capitalized 93,976,000 36,718,000
Income Taxes Paid, Net (56,224,000) 17,396,000
Non-cash investing and financing activities:    
Unpaid property and equipment 32,403,000 6,868,000
Stock and equity instruments issued for acquisition of SportCaller and Monkey Knife Fight 0 197,968,000
Acquisitions in exchange for contingent liability 0 58,685,000
Deferred purchase price payable 0 14,071,000
Deposit applied to acquisition purchase price $ 0 $ 4,000,000