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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 499,728 $ 370,074 $ 507,245
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,450,806 1,224,322 1,088,559
Stock-based compensation 363,774 294,952 236,539
Amortization of intangible assets 205,484 199,047 196,278
Amortization of debt issuance costs and debt discounts and premiums 17,135 15,739 13,042
Provision for credit loss allowance 10,016 5,069 8,459
Impairment charges 0 7,306 15,790
Gain on asset sales (10,845) (1,301) (44,310)
Loss on debt extinguishment 115,125 145,804 52,825
Other items 28,717 16,643 11,620
Changes in operating assets and liabilities:      
Accounts receivable (1,873) 25,412 (26,909)
Income taxes, net (16,602) (22,641) 32,495
Other assets (114,268) (129,817) (100,144)
Operating lease right-of-use assets 140,590 153,650 149,031
Operating lease liabilities (177,533) (142,863) (152,091)
Accounts payable and accrued expenses 64,596 25,801 (27,928)
Other liabilities (27,644) 122,629 32,227
Net cash provided by operating activities 2,547,206 2,309,826 1,992,728
Cash flows from investing activities:      
Purchases of investments (107,533) (127,763) (60,909)
Sales of investments 4,057 29,352 40,386
Business acquisitions, net of cash and restricted cash acquired (158,498) (1,180,272) (34,143)
Real estate acquisitions (201,837) (200,182) (169,153)
Purchases of other property, plant and equipment (2,751,512) (2,282,504) (2,079,521)
Proceeds from sale of assets, net of cash transferred 208,585 334,397 358,773
Net cash used in investing activities (3,006,738) (3,426,972) (1,944,567)
Cash flows from financing activities:      
Proceeds from employee equity awards 77,628 62,118 52,018
Payment of dividends (1,042,909) (947,933) (836,164)
Proceeds from public offering of common stock, net of issuance costs 497,870 1,981,375 1,660,976
Proceeds from senior notes, net of debt discounts 3,878,662 4,431,627 2,797,906
Proceeds from mortgage and loans payable 0 750,790 0
Repayment of senior notes (1,990,650) (4,363,761) (2,206,289)
Repayments of finance lease liabilities (165,539) (115,288) (126,486)
Repayments of mortgage and loans payable (717,010) (829,466) (73,227)
Debt extinguishment costs (99,185) (111,700) (43,311)
Debt issuance costs (25,102) (42,236) (23,341)
Net cash provided by financing activities 413,765 815,526 1,202,082
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (30,474) 40,702 8,766
Net increase (decrease) in cash, cash equivalents and restricted cash (76,241) (260,918) 1,259,009
Cash, cash equivalents and restricted cash at beginning of period 1,625,695 1,886,613 627,604
Cash, cash equivalents and restricted cash at end of period 1,549,454 1,625,695 1,886,613
Supplemental cash flow information      
Cash paid for taxes 134,411 143,934 136,583
Cash paid for interest 426,439 498,408 553,815
Cash and cash equivalents 1,536,358 1,604,869 1,869,577
Current portion of restricted cash included in other current assets 12,188 11,135 7,090
Non-current portion of restricted cash included in other assets 908 9,691 9,946
Total cash, cash equivalents, and restricted cash shown in the consolidated statement of cash flows $ 1,549,454 $ 1,625,695 $ 1,886,613