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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 319,138 $ 382,410
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 897,075 806,704
Stock-based compensation 215,591 174,413
Amortization of intangible assets 148,075 147,589
Amortization of debt issuance costs and debt discounts and premiums 11,788 9,429
Provision for allowance for doubtful accounts 6,466 8,588
Impairment charges 7,306 16,023
Gain on asset sales (928) (463)
Loss on debt extinguishment 101,803 67
Other items 14,764 9,909
Changes in operating assets and liabilities:    
Accounts receivable (38,104) (123,389)
Income taxes, net (20,193) 73,144
Other assets (127,535) (62,036)
Operating lease right-of-use assets 114,611 108,226
Operating lease liabilities (107,391) (112,059)
Accounts payable and accrued expenses 35,846 6,660
Other liabilities 45,366 17,843
Net cash provided by operating activities 1,623,678 1,463,058
Cash flows from investing activities:    
Purchases of investments (55,993) (23,692)
Sales of investments 19,681 8,945
Business acquisitions, net of cash and restricted cash acquired (478,248) (34,143)
Purchases of real estate (124,462) (64,288)
Purchases of other property, plant and equipment (1,448,174) (1,364,960)
Proceeds from sale of assets, net of cash transferred 0 117
Net cash used in investing activities (2,087,196) (1,478,021)
Cash flows from financing activities:    
Proceeds from employee equity awards 62,118 52,018
Payment of dividends and special distribution (710,177) (625,804)
Proceeds from public offering of common stock, net of issuance costs 1,981,375 1,660,976
Proceeds from senior notes, net of debt discounts 2,585,736 0
Proceeds from mortgage and loans payable 750,790 0
Repayments of finance lease liabilities (74,446) (62,785)
Repayments of mortgage and loans payable (808,609) (53,796)
Repayment of senior notes (2,440,761) (150,000)
Debt extinguishment costs (82,404) 0
Debt issuance costs (26,266) 0
Net cash provided by financing activities 1,237,356 820,609
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash 5,637 (13,117)
Net increase in cash, cash equivalents and restricted cash 779,475 792,529
Cash, cash equivalents and restricted cash at beginning of period 1,886,613 627,604
Cash, cash equivalents and restricted cash at end of period 2,666,088 1,420,133
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 2,666,088 $ 1,420,133