XML 23 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 365,359 $ 232,982 $ 126,800
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,024,073 865,472 714,345
Stock-based compensation 180,716 175,500 155,567
Amortization of intangible assets 203,416 177,008 122,862
Amortization of debt issuance costs and debt discounts and premiums 13,618 24,449 19,137
Provision for allowance for doubtful accounts 7,236 5,627 8,260
Impairment charges 0 0 7,698
Gain on asset sales (6,013) 0 (32,816)
Gain on sale of discontinued operations 0 0 (2,351)
Loss on debt extinguishment 51,377 65,772 12,276
Other items 19,660 (11,243) 20,609
Changes in operating assets and liabilities:      
Accounts receivable (52,931) (161,774) (100,230)
Income taxes, net (10,670) (34,936) 29,020
Other assets (47,635) 20,180 (72,831)
Accounts payable and accrued expenses 35,495 74,488 61,565
Other liabilities 31,725 5,708 (50,558)
Net cash provided by operating activities 1,815,426 1,439,233 1,019,353
Cash flows from investing activities:      
Purchases of investments (65,180) (57,926) (42,325)
Sales and maturities of investments 85,777 46,421 53,164
Business acquisitions, net of cash and restricted cash acquired (829,687) (3,963,280) (1,766,606)
Purchases of real estate (182,418) (95,083) (28,118)
Purchases of other property, plant and equipment (2,096,174) (1,378,725) (1,113,365)
Proceeds from sale of assets, net of cash transferred 12,154 47,767 851,582
Net cash used in investing activities (3,075,528) (5,400,826) (2,045,668)
Cash flows from financing activities:      
Proceeds from employee equity awards 50,136 41,696 34,179
Payment of dividends and special distribution (738,600) (621,497) (499,463)
Proceeds from public offering of common stock, net of issuance costs 388,172 2,481,421 0
Proceeds from senior notes 929,850 3,628,701 0
Proceeds from loans payable 424,650 2,056,876 1,168,304
Repayment of senior notes 0 (500,000) 0
Repayment of capital lease and other financing obligations (103,774) (93,470) (114,385)
Repayment of mortgage and loans payable (447,473) (2,277,798) (1,462,888)
Debt extinguishment costs (20,556) (26,122) (11,380)
Debt issuance costs (12,218) (81,047) (11,381)
Other financing activities 725 (900) (51)
Net cash provided by (used in) financing activities 470,912 4,607,860 (897,065)
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (33,907) 31,187 (21,800)
Net increase (decrease) in cash, cash equivalents and restricted cash (823,097) 677,454 (1,945,180)
Cash, cash equivalents and restricted cash at beginning of period 1,450,701 773,247 2,718,427
Cash, cash equivalents and restricted cash at end of period 627,604 1,450,701 773,247
Supplemental cash flow information      
Cash paid for taxes 93,375 72,641 39,320
Cash paid for interest 496,795 444,793 350,083
Total cash, cash equivalents, and restricted cash shown in the consolidated statement of cash flows $ 1,450,701 $ 773,247 $ 2,718,427