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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income (loss) $ 188,488 $ (56,584)
Less: Net loss from discontinued operations, net of tax 0 (255)
Net income (loss) from continuing operations 188,488 (56,329)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 9,908 9,261
Stock-based compensation 3,464 12,977
Amortization of debt premium, net (361) (253)
Gain on extinguishment of debt 0 (9,637)
Deferred income tax provision 4,648 113
Amortization of right-of-use assets 951 994
Other adjustments 186 168
Changes in operating assets and liabilities of business:    
Accounts receivable, net 13,653 6,615
Prepaid expenses and other assets (4,055) 419
Prepaid sports rights 10,902 (4,399)
Accounts payable (17,073) (22,102)
Accrued expenses and other liabilities (38,040) (3,227)
Deferred revenue (9,890) (381)
Lease liabilities (1,379) (1,265)
Net cash provided by (used in) operating activities - continuing operations 161,402 (67,046)
Net cash used in operating activities - discontinued operations 0 (233)
Net cash provided by (used in) operating activities 161,402 (67,279)
Cash flows from investing activities    
Purchases of property and equipment (348) (108)
Capitalization of internal use software (3,353) (3,609)
Purchase of intangible assets 0 (540)
Net cash used in investing activities - continuing operations (3,701) (4,257)
Net cash used in investing activities - discontinued operations 0 0
Net cash used in investing activities (3,701) (4,257)
Cash flows from financing activities    
Proceeds from the issuance of common stock, net of offering costs 0 (15)
Vested restricted stock units settled for cash 0 (181)
Payments for financing costs 0 (4,589)
Proceeds from exercise of stock options 2,700 2
Repayments of notes payable and long-term borrowings (216) (107)
Net cash provided by (used in) financing activities - continuing operations 2,484 (4,890)
Net cash provided by financing activities - discontinued operations 0 0
Net cash provided by (used in) financing activities 2,484 (4,890)
Net increase (decrease) in cash, cash equivalents and restricted cash 160,185 (76,426)
Cash, cash equivalents and restricted cash at beginning of period 167,572 251,420
Cash, cash equivalents and restricted cash at end of period 327,757 174,994
Supplemental disclosure of cash flows information:    
Interest paid 9,020 4,745
Income taxes paid 12 27
Non-cash financing and investing activities:    
Accounts payable - financing costs $ 0 $ 93