v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income including noncontrolling interests $ 74,859 $ 25,094
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 47,372 52,319
Non-cash impairment and other charges 0 96,819
Share-based compensation expenses related to equity classified awards 13,800 14,532
Non-cash restructuring and other related charges 5,320 2,199
Amortization and write-off of program rights 409,631 414,716
Amortization of deferred carriage fees 13,771 10,762
Unrealized foreign currency transaction (gain) loss (14,861) 2,640
Amortization of deferred financing costs and discounts on indebtedness 3,935 3,371
Gain on extinguishment of debt, net (25,745) (247)
Deferred income taxes (11,156) (5,705)
Other, net (6,233) (883)
Changes in assets and liabilities:    
Accounts receivable, trade (including amounts due from related parties, net) 16,506 16,489
Prepaid expenses and other assets 38,407 143,856
Program rights and obligations, net (331,534) (435,471)
Deferred revenue 7,567 (8,047)
Accounts payable, accrued liabilities and other liabilities (30,043) (77,172)
Net cash provided by operating activities 211,596 255,272
Cash flows from investing activities:    
Capital expenditures (21,670) (15,958)
Other investing activities, net (690) 3,936
Net cash used in investing activities (22,360) (12,022)
Cash flows from financing activities:    
Proceeds from the issuance of 10.25% Senior Secured Notes due 2029, net 0 862,969
Proceeds from the issuance of 4.25% Convertible Senior Notes due 2029, net 0 139,437
Principal payments on Term Loan A Facility (36,250) (190,625)
Payments for financing costs (763) (9,424)
Deemed repurchases of restricted stock units (4,044) (4,626)
Purchase of treasury stock (10,329) 0
Principal payments on finance lease obligations (2,439) (2,275)
Distributions to noncontrolling interests 0 (16,520)
Net cash used in financing activities (126,230) (5,922)
Net increase in cash and cash equivalents from operations 63,006 237,328
Effect of exchange rate changes on cash and cash equivalents 18,752 (5,351)
Cash and cash equivalents at beginning of period 784,649 570,576
Cash and cash equivalents at end of period 866,407 802,553
Senior Notes | 4.75% Senior Notes due August 2025    
Cash flows from financing activities:    
Repayments of senior debt 0 (774,729)
Senior Notes | 4.25% Senior Notes due 2029    
Cash flows from financing activities:    
Repayments of senior debt $ (72,405) $ (10,129)