| (1) | The year ending December 31, 2024, includes a $0.1 million loss from the mark-to-market adjustment of contingent consideration associated with the World Programming acquisition, and $0.9 million of currency losses on acquisition-related intercompany loans. |
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, 2024 | |||||||
| (in thousands) | Low | High | |||||
| Net cash provided by operating activities | $ | 135,300 | $ | 143,300 | |||
| Capital expenditures | (11,300 | ) | (11,300 | ) | |||
| Free cash flow | $ | 124,000 | $ | 132,000 | |||
