XML 19 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 167,767 $ 65,050
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 622,135 534,026
Stock-based compensation 129,602 115,730
Amortization of intangible assets 128,068 93,384
Amortization of debt issuance costs and debt discounts 20,100 13,709
Provision for allowance for doubtful accounts 6,889 6,541
Impairment charges 0 7,698
Gain on asset sales 0 (33,187)
Gain on sale of discontinued operations 0 (4,242)
Loss on debt extinguishment 42,103 10,499
Other items 3,437 14,843
Changes in operating assets and liabilities:    
Accounts receivable (202,430) (72,807)
Income taxes, net (53,608) 1,021
Accounts payable and accrued expenses 44,952 (11,526)
Other assets and liabilities 35,339 (22,004)
Net cash provided by operating activities 944,354 718,735
Cash flows from investing activities:    
Purchases of investments (57,926) (31,736)
Sales and maturities of investments 32,867 41,796
Business acquisitions, net of cash and restricted cash acquired (3,628,526) (1,767,227)
Purchases of real estate (64,964) (28,118)
Purchases of other property, plant and equipment (946,048) (727,044)
Proceeds from sale of assets 47,767 828,197
Net cash used in investing activities (4,616,830) (1,684,132)
Cash flows from financing activities:    
Proceeds from employee equity awards 41,625 34,143
Payment of dividends (463,914) (374,151)
Proceeds from public offering of common stock, net of offering costs 2,126,341 0
Proceeds from senior notes 2,449,700 0
Proceeds from loans payable 1,059,800 710,404
Repayments of capital lease and other financing obligations (60,252) (100,863)
Repayments of convertible debt, mortgage, and loans payable (63,520) (986,465)
Repayment of senior notes (500,000) 0
Debt extinguishment costs (23,020) (10,181)
Debt issuance costs (56,886) (11,751)
Other financing activities (900) 0
Net cash provided by (used) in financing activities 4,508,974 (738,864)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash 26,450 13,130
Change in cash balances included in assets held for sale 0 (3,755)
Net increase (decrease) in cash, cash equivalents and restricted cash 862,948 (1,694,886)
Cash, cash equivalents and restricted cash at beginning of period 773,247 2,718,427
Cash, cash equivalents and restricted cash at end of period 1,636,195 1,023,541
Cash and cash equivalents 1,599,988 987,915
Current portion of restricted cash included in other current assets 25,079 25,305
Non-current portion of restricted cash included in other assets $ 11,128 $ 10,321