XML 96 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:      
Net income $ 406,815 $ 296,007 $ 318,225
Adjustments to reconcile net income to net cash provided by operating activities —      
Depreciation 218,107 202,519 183,808
Amortization of intangible assets 62,091 43,994 32,205
Asset impairment charges 13,892 49,375 58,057
Change in fair value of contingent consideration liabilities 13,404 (11,248) (5,171)
Equity in (earnings) losses of unconsolidated affiliates (76,801) 52,867 10,945
Amortization of debt issuance costs 1,870 1,270 1,321
(Gain) loss on sale of property and equipment (5,797) 3,296 (549)
Provision for doubtful accounts 11,249 7,169 87
Deferred income tax expense (benefit) (7,919) 61,974 (32,130)
Non-cash stock-based compensation 52,013 52,484 46,448
Foreign currency and other (gain) loss (5,568) (385) 409
Changes in operating assets and liabilities, net of non-cash transactions (156,805) (400,533) (241,764)
Net cash provided by operating activities 526,551 358,789 371,891
Cash Flows from Investing Activities:      
Capital expenditures (261,762) (293,595) (244,651)
Proceeds from sale of property and equipment 31,142 31,780 23,348
Proceeds from insurance settlements related to property and equipment 1,964 714 1,175
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired (387,966) (94,917) (361,217)
Investments in unconsolidated affiliates and other entities (47,056) (36,909) (56,528)
Cash received from investments in unconsolidated affiliates and other entities 46,590 4,705 65,789
Cash paid for intangible assets (508) (14,448) 0
Net cash used in investing activities (617,596) (402,670) (572,084)
Cash Flows from Financing Activities:      
Borrowings under credit facility 6,175,558 4,491,782 2,932,338
Payments under credit facility (5,903,069) (4,076,460) (2,624,404)
Payments on other long-term debt (2,203) (1,298) (5,361)
Net borrowings (repayments) of short-term debt (28,292) 33,790 (2,783)
Debt issuance and amendment costs (2,309) (1,976) (1,507)
Distributions to non-controlling interests, net of contributions received (2,526) (4,038) (2,001)
Payments related to tax withholding for share-based compensation (16,144) (15,218) (18,543)
Exercise of stock options 0 0 25
Payments of dividends (23,236) 0 0
Repurchase of common stock (20,092) (443,152) (50,000)
Net cash provided by (used in) financing activities 177,687 (16,570) 227,764
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (153) (68) 1,794
Net increase (decrease) in cash, cash equivalents and restricted cash 86,489 (60,519) 29,365
Cash, cash equivalents and restricted cash, beginning of year 83,256 143,775 114,410
Cash, cash equivalents and restricted cash, end of year $ 169,745 $ 83,256 $ 143,775