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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions, ₨ in Billions
3 Months Ended
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 418.6 $ 407.6
Adjustments to reconcile net income to cash provided by operating activities    
Depreciation, amortization and accretion 472.3 436.9
Stock-based compensation expense 47.7 42.5
Loss on early retirement of long-term obligations 34.6 0.1
Other Noncash Income (Expense) 81.6 28.9
Increase in net deferred rent balances (56.2) (5.3)
Right-of-use asset and Operating lease liability, net 1.0 20.2
Increase in assets (210.8) (33.0)
Increase (decrease) in liabilities 11.2 (112.8)
Cash provided by operating activities 800.0 785.1
CASH FLOWS FROM INVESTING ACTIVITIES    
Payments for purchase of property and equipment and construction activities (214.4) (220.8)
Payments for acquisitions, net of cash acquired (49.3) (91.1)
Proceeds from sale of short-term investments and other non-current assets 5.8 254.9
Payments for short-term investments 0.0 (261.5)
Deposits and other 4.5 (4.8)
Cash used for investing activities (253.4) (323.3)
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowings under credit facilities 2,642.3 1,700.0
Proceeds from issuance of senior notes, net 1,496.0 1,241.6
Proceeds from term loan 750.0 1,300.0
Repayments of notes payable, credit facilities, senior notes, secured debt, term loan and finance leases (4,351.2) (4,025.9)
Distributions to noncontrolling interest holders, net (13.5) (13.8)
Purchases of common stock (39.7) 0.0
Proceeds from stock options 11.1 27.2
Distributions paid on common stock (454.9) (377.1)
Payment for early retirement of long-term obligations (33.5) 0.0
Deferred financing costs and other financing activities (88.2) (76.7)
Payments for Repurchase of Redeemable Noncontrolling Interest (524.4) (425.7)
Cash used for financing activities (606.0) (650.4)
Net effect of changes in foreign currency exchange rates on cash and cash equivalents, and restricted cash (118.3) (16.6)
NET DECREASE IN CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH (177.7) (205.2)
CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD 1,578.0 1,304.9
CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD 1,400.3 1,099.7
CASH PAID FOR INCOME TAXES (NET OF REFUNDS OF $0.1 AND $0.3, RESPECTIVELY) 35.1 36.9
CASH PAID FOR INTEREST 262.0 249.0
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Purchases of property and equipment under finance leases and perpetual easements 13.1 16.0
Decrease in accounts payable and accrued expenses for purchases of property and equipment and construction activities (15.0) (17.7)
Settlement of third-party debt $ (5.0) $ 0.0