EDR’s sharp decline in cash and cash equivalents in Q2 2024 was driven by several factors. Specifically, while the company generated **$340,518 thousand** in operating cash flow—helped by non-cash items, increased accrued liabilities due to a UFC class action lawsuit settlement, and deposits held for clients—this was more than offset by **$(108,830) thousand** used in investing activities for capital expenditures and investments, **$(458,363) thousand** in financing activities (including debt repayments, payments for non-controlling interests, and dividend distributions), and an additional **$(112,787) thousand** cash outflow related to discontinued operations. These combined factors resulted in a substantial reduction in cash and cash equivalents during the period.  **[0001193125-24-196565_d873663dex991.htm:7]** **[0000950170-24-093374_edr-20240630.htm:8]** **[0000950170-24-093374_edr-20240630.htm:78]** **[0000950170-24-093374_edr-20240630.htm:79]** 

What led to the sharp decline in cash and cash equivalents in Q2 2024?

The **current portion of long-term debt** increased dramatically primarily because a portion of the debt—the **First Lien Term Loan under the 2014 Credit Facilities**—is set to mature on **May 18, 2025**. As this maturity date approaches, the relevant portion is reclassified from long-term to current liabilities since it will be due within the next 12 months, following standard accounting practices.  **[0000950170-24-093374_edr-20240630.htm:29]** **[0000950170-24-093374_edr-20240630.htm:8]** **[0000950170-24-093374_edr-20240630.htm:18]** 

Why did the current portion of long-term debt spike in Q2 2024?

The decline in total assets by Q3 2024 was attributed to several key factors. **Deferred costs** dropped significantly due to the recognition of expenses related to major events such as the Paris Olympics. There was also a notable **reduction in long-term assets of discontinued operations** as certain businesses were being sold off. Additionally, **intangible assets** decreased, likely driven by amortization, and an **increase in accounts receivable** further contributed to the overall decline in total assets.  **[0001193125-24-252644_d865891dex991.htm:7]** **[0000950170-24-122829_edr-20240930.htm:8]** **[0000950170-24-122829_edr-20240930.htm:85]** 

What factors contributed to the decline in total assets by Q3 2024?

The available documents do not provide a clear explanation for the drop in intangible assets in Q4 2023. While one source provides the value for Q4 2023 (**4,812,284**  **[0000950170-24-122829_edr-20240930.htm:8]** **[0000950170-24-093374_edr-20240630.htm:8]** ) and another documents the Q3 figure (**5,342,618**  **[0000950170-23-060694_edr-20230930.htm:7]** ), the only detailed explanation available relates to a significant increase driven by acquisitions (notably WWE), reclassification, and adjustments during the period.  **[0001193125-24-049138_d785271dex991.htm:0]** **[0000950170-24-021653_edr-20231231.htm:211]** **[0000950170-24-021653_edr-20231231.htm:234]**  There is no specific discussion of factors that would explain a decline between Q3 and Q4 2023.

What explains the drop in intangible assets in Q4 2023?

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18bc4430af1c4c6d5e6f609b0ce709b7b714b1b428d5eccda7de1eefb2fe0fda

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795b3d368b031b88dfdb23393338df4e3dde1ddb7d825486f77f4d7926cde1eb

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7876b0355783e50266c5b6ab22e3bf1d8d3d462116e829c52f952f3f08395210

Company not found (EDR)

Financials