(1)   Year ending December 31, 2022, includes $16.6 million expense on the repurchase of convertible senior notes, $13.7 million currency losses on acquisition-related intercompany loans and $7.5 million gain from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition.


The following table provides a reconciliation of projected Free Cash Flow to projected net cash provided by operating activities, the most comparable GAAP financial measure:

		(Unaudited)
		Year Ending December 31, 2022
(in thousands)		Low				High
Net cash provided by operating activities (1)		$	23,000			$	27,000
Capital expenditures			(9,000	)			(9,000	)
Free cash flow (1)		$	14,000			$	18,000

(1)   Includes $65.9 million payment in January 2022 for legal judgement acquired in December 2021.