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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net loss $ (287,917) $ (561,919) $ (382,963)
Net income (loss) from discontinued operations, net of tax 5,185 (136,874) (31,177)
Net loss from continuing operations (293,102) (425,045) (351,786)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 36,496 36,731 37,666
Stock-based compensation 51,215 52,454 53,150
(Gain)loss on extinguishment of debt (1,607) 0 380
Amortization of debt discount 2,574 2,476 14,928
Deferred income tax benefit (995) (1,666) (2,681)
Change in fair value of warrant liabilities 0 1,701 (2,659)
Amortization of right-of-use assets 3,126 3,078 954
Other adjustments 695 1,155 583
Changes in operating assets and liabilities of business, net of acquisitions:      
Accounts receivable, net (36,200) (9,778) (15,047)
Prepaid expenses and other assets (14,498) (950) (3,554)
Prepaid sports rights (1,525) (34,384) (3,284)
Accounts payable 6,635 12,014 8,727
Accrued expenses and other liabilities 52,180 50,116 64,792
Deferred revenue 24,774 21,102 26,055
Lease liabilities (2,813) 1,210 (120)
Net cash used in operating activities - continuing operations (173,045) (289,786) (171,896)
Net cash used in operating activities - discontinued operations (4,577) (26,915) (24,031)
Net cash used in operating activities (177,622) (316,701) (195,927)
Cash flows from investing activities      
Cash paid for acquisitions, net of cash acquired 0 0 (22,894)
Purchases of short-term investments 0 (100,000) 0
Proceeds from maturity of short-term investments 0 100,000 0
Purchases of property and equipment (1,071) (1,130) (3,409)
Proceeds from sale of property and equipment 28 0 0
Capitalization of internal use software (17,282) (4,857) (4,074)
Purchase of intangible assets (3,592) 0 0
Purchase of strategic investment (3,500) 0 0
Net cash used in investing activities - continuing operations (25,417) (5,987) (30,377)
Net cash used in investing activities - discontinued operations 0 (6,436) (45,795)
Net cash used in investing activities (25,417) (12,423) (76,172)
Cash flows from financing activities      
Proceeds from the issuance of common stock, net of offering costs 116,886 292,123 140,446
Redemption of non-controlling interest (2,147) 0 0
Proceeds from convertible note, net of issuance costs 0 0 389,446
Repurchase of convertible notes (3,313) 0 0
Vested restricted stock units settled for cash (125) 0 0
Proceeds from exercise of stock options 373 829 3,013
Proceeds from the exercise of warrants 0 5,000 3,762
Repayments of notes payable and long-term borrowings (441) (1,682) (24,709)
Net cash provided by financing activities - continuing operations 111,233 296,270 511,958
Net cash provided by financing activities - discontinued operations 0 0 0
Net cash provided by financing activities 111,233 296,270 511,958
Net increase (decrease) in cash, cash equivalents and restricted cash (91,806) (32,854) 239,859
Cash, cash equivalents and restricted cash at beginning of period 343,226 376,080 136,221
Cash, cash equivalents and restricted cash at end of period 251,420 343,226 376,080
Supplemental disclosure of cash flows information:      
Interest paid 13,169 13,786 8,017
Income tax paid 258 0 0
Non cash financing and investing activities:      
Conversion of Series AA preferred stock to common stock 0 0 406,665
Issuance of common stock in connection with acquisitions 0 0 107,053
Reclassification of the equity components of the 2026 Convertible Notes to liability upon adoption of ASU 2020-06 0 75,264 0
Strategic investment - marketing commitment 4,000
Issuance of treasury stock in connection with acquisitions 0 0 8,538
Cashless exercise of warrants 0 5,249 16,480
Unpaid intangible assets included in accounts payable 540 0 0
Unpaid financing costs included in accounts payable 15 18 51
Unpaid property and equipment included in accounts payable $ 12 $ 0 $ 0