XML 24 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 232,982 $ 126,800 $ 187,774
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 865,472 714,345 498,134
Stock-based compensation 175,500 155,567 132,443
Amortization of intangible assets 177,008 122,862 27,446
Amortization of debt issuance costs and debt discounts 24,449 19,137 16,050
Provision for allowance for doubtful accounts 5,627 8,260 5,037
Impairment charges 0 7,698 0
Gain on asset sales 0 (32,816) 0
Gain on sale of discontinued operations 0 (2,351) 0
Loss on debt extinguishment 65,772 12,276 289
Other items (11,243) 20,609 16,490
Changes in operating assets and liabilities:      
Accounts receivable (161,774) (100,230) (44,583)
Income taxes, net (34,936) 29,020 (109,579)
Other assets 20,180 (72,831) (70,371)
Accounts payable and accrued expenses 74,488 61,565 109,125
Other liabilities 5,708 (50,558) 126,568
Net cash provided by operating activities 1,439,233 1,019,353 894,823
Cash flows from investing activities:      
Purchases of investments (57,926) (42,325) (359,031)
Sales and maturities of investments 46,421 53,164 873,139
Business acquisitions, net of cash and restricted cash acquired (3,963,280) (1,766,606) (245,503)
Purchases of real estate (95,083) (28,118) (38,282)
Purchases of other property, plant and equipment (1,378,725) (1,113,365) (868,120)
Proceeds from sale of assets, net of cash transferred 47,767 851,582 0
Net cash used in investing activities (5,400,826) (2,045,668) (637,797)
Cash flows from financing activities:      
Proceeds from employee equity awards 41,696 34,179 30,040
Payment of dividends and special distribution (621,497) (499,463) (521,461)
Proceeds from public offering of common stock, net of issuance costs 2,481,421 0 829,496
Proceeds from senior notes 3,628,701 0 1,100,000
Proceeds from loans payable 2,056,876 1,168,304 1,197,108
Repayment of senior notes (500,000) 0 0
Repayment of capital lease and other financing obligations (93,470) (114,385) (28,663)
Repayment of mortgage and loans payable (2,277,798) (1,462,888) (715,270)
Debt extinguishment costs (26,122) (11,380) 0
Debt issuance costs (81,047) (11,381) (18,098)
Other financing activities (900) (51) 0
Net cash provided by (used in) financing activities 4,607,860 (897,065) 1,873,152
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash 31,187 (21,800) (39,784)
Net increase (decrease) in cash, cash equivalents and restricted cash 677,454 (1,945,180) 2,090,394
Cash, cash equivalents and restricted cash at beginning of period 773,247 2,718,427 628,033
Cash, cash equivalents and restricted cash at end of period 1,450,701 773,247 2,718,427
Supplemental cash flow information      
Cash paid for taxes 72,641 39,320 132,302
Cash paid for interest 444,793 350,083 237,410
Cash and cash equivalents 1,412,517 748,476 2,228,838
Current portion of restricted cash included in other current assets 26,919 15,065 479,417
Non-current portion of restricted cash included in other assets $ 11,265 $ 9,706 $ 10,172