| (1) | The year ending December 31, 2024, includes a $0.2 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 | $ | 133,000 | $ | 141,000 | ||||
| Capital expenditures | (11,000 | ) | (11,000 | ) | ||||
| Free cash flow | $ | 122,000 | $ | 130,000 | ||||
