v3.24.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:    
Net loss $ (1,136,871) $ (140,671)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 73,943 65,786
Net amortization of deferred financing costs (net of original issue discount and debt premium) 5,027 4,092
Net deferred tax benefit (349,457) (42,984)
Provision for bad debts 2,462 506
Net (gain) loss on sale or disposal of assets and businesses (26,784) (47,737)
Non-cash stock-based compensation expense 4,387 7,297
Deferred compensation 2,460 (4,145)
Impairment loss 1,305,115 180,543
Change in fair value of contingent consideration 0 (8,802)
Changes in assets and liabilities (net of effects of acquisitions and dispositions):    
Accounts receivable 807 14,181
Prepaid expenses and deposits 3,119 (4,204)
Accounts payable and accrued liabilities (3,050) (13,175)
Other assets (6) 0
Accrued interest expense 61,747 271
Operating leases (3,135) 0
Accrued liabilities - long-term (4,978) (10,253)
Prepaid expenses - long-term 0 (163)
Net cash (used in) provided by operating activities (65,214) 542
INVESTING ACTIVITIES:    
Additions to property, equipment and software (48,228) (80,821)
Proceeds from sale of property, equipment, intangibles and other assets 43,135 58,589
Purchases of businesses and audio assets 0 (5,040)
Net cash used in investing activities (5,093) (27,272)
FINANCING ACTIVITIES:    
Borrowing under the revolving senior debt 40,126 105,000
Payments of revolving senior debt 0 (22,727)
Retirement of notes 0 (10,000)
Proceeds from issuance of employee stock plan 0 429
Purchase of vested employee restricted stock units (129) (1,883)
Payment of dividend equivalents on vested restricted stock units (39) (184)
Repurchase of common stock (1) 0
Net cash provided by financing activities 39,957 70,635
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (30,350) 43,905
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF YEAR 103,344 59,439
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF YEAR 72,994 103,344
Cash paid (received) during the period for:    
Interest 71,359 102,763
Income taxes $ 1,728 $ (14,554)