XML 48 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 741,503 $ 575,674
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,224,476 1,145,485
Stock-based compensation 301,707 296,464
Amortization of intangible assets 157,199 153,317
Amortization of debt issuance costs and debt discounts 13,927 13,273
Provision for credit loss allowance 14,873 5,534
(Gain) Loss on asset sales (5,022) 3,976
(Gain) Loss on debt extinguishment 106 (184)
Other items 26,992 18,964
Changes in operating assets and liabilities:    
Accounts receivable (199,703) (97,206)
Income taxes, net (6,585) 9,874
Other assets (127,695) (145,376)
Operating lease right-of-use assets 117,080 112,923
Operating lease liabilities (98,964) (98,245)
Accounts payable and accrued expenses 84,949 83,089
Other liabilities (26,962) 125,431
Net cash provided by operating activities 2,217,881 2,202,993
Cash flows from investing activities:    
Purchases of investments (81,347) (109,420)
Sales of investments 0 22,073
Business acquisitions, net of cash and restricted cash acquired 0 (964,010)
Real estate acquisitions (153,293) (39,899)
Purchases of other property, plant and equipment (1,785,298) (1,450,077)
Proceeds from sale of assets, net of cash transferred 76,936 249,906
Net cash used in investing activities (1,943,002) (2,291,427)
Cash flows from financing activities:    
Proceeds from employee equity programs 86,963 81,543
Payment of dividends (970,992) (863,886)
Proceeds from public offering of common stock, net of issuance costs 300,775 796,018
Proceeds from senior notes, net of debt discounts 902,092 1,193,688
Proceed from mortgage and loans payable 0 676,850
Repayment of finance lease liabilities (98,091) (97,808)
Proceeds from redeemable non-controlling interest 25,000 0
Repayment of mortgage and loans payable (5,556) (586,227)
Debt issuance costs (7,239) (17,731)
Net cash provided by financing activities 232,952 1,182,447
Effect of foreign currency exchange rates on cash, cash equivalents and restricted cash (57,825) (135,599)
Net increase in cash, cash equivalents and restricted cash 450,006 958,414
Cash, cash equivalents and restricted cash at beginning of period 1,908,248 1,549,454
Cash, cash equivalents and restricted cash at end of period 2,358,254 2,507,868
Cash and cash equivalents 2,357,497 2,500,816
Current portion of restricted cash included in other current assets 666 2,529
Non-current portion of restricted cash included in other assets 91 4,523
Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows $ 2,358,254 $ 2,507,868