XML 111 R9.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 $ 507,245 $ 365,359 $ 232,982
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,088,559 1,024,073 865,472
Stock-based compensation 236,539 180,716 175,500
Amortization of intangible assets 196,278 203,416 177,008
Amortization of debt issuance costs and debt discounts and premiums 13,042 13,618 24,449
Provision for allowance for doubtful accounts 8,459 7,236 5,627
Impairment charges 15,790 0 0
Gain on asset sales (44,310) (6,013) 0
Loss on debt extinguishment 52,825 51,377 65,772
Other items 11,620 19,660 (11,243)
Changes in operating assets and liabilities:      
Accounts receivable (26,909) (52,931) (161,774)
Income taxes, net 32,495 (10,670) (34,936)
Other assets (100,144) (47,635) 20,180
Operating lease right-of-use assets 149,031    
Operating lease liabilities (152,091)    
Accounts payable and accrued expenses (27,928) 35,495 74,488
Other liabilities 32,227 31,725 5,708
Net cash provided by operating activities 1,992,728 1,815,426 1,439,233
Cash flows from investing activities:      
Purchases of investments (60,909) (65,180) (57,926)
Sales and maturities of investments 40,386 85,777 46,421
Business acquisitions, net of cash and restricted cash acquired (34,143) (829,687) (3,963,280)
Purchases of real estate (169,153) (182,418) (95,083)
Purchases of other property, plant and equipment (2,079,521) (2,096,174) (1,378,725)
Proceeds from sale of assets, net of cash transferred 358,773 12,154 47,767
Net cash used in investing activities (1,944,567) (3,075,528) (5,400,826)
Cash flows from financing activities:      
Proceeds from employee equity awards 52,018 50,136 41,696
Payment of dividends and special distribution (836,164) (738,600) (621,497)
Proceeds from public offering of common stock, net of issuance costs 1,660,976 388,172 2,481,421
Proceeds from senior notes, net of debt discounts 2,797,906 929,850 3,628,701
Proceeds from loans payable 0 424,650 2,056,876
Repayment of senior notes (2,206,289) 0 (500,000)
Repayment of finance lease liabilities (126,486)    
Repayment of finance lease liabilities   (103,774) (93,470)
Repayment of mortgage and loans payable (73,227) (447,473) (2,277,798)
Debt extinguishment costs (43,311) (20,556) (26,122)
Debt issuance costs (23,341) (12,218) (81,047)
Other financing activities 0 725 (900)
Net cash provided by financing activities 1,202,082 470,912 4,607,860
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash 8,766 (33,907) 31,187
Net increase (decrease) in cash, cash equivalents and restricted cash 1,259,009 (823,097) 677,454
Cash, cash equivalents and restricted cash at beginning of period 627,604 1,450,701 773,247
Cash, cash equivalents and restricted cash at end of period 1,886,613 627,604 1,450,701
Supplemental cash flow information      
Cash paid for taxes 136,583 93,375 72,641
Cash paid for interest 553,815 496,795 444,793
Total cash, cash equivalents, and restricted cash shown in the consolidated statement of cash flows $ 627,604 $ 1,450,701 $ 1,450,701