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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 $ 311,378 $ 803,084 $ 889,254
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 624,878 550,596 552,368
Deferred income taxes 174,190 (498,654) (310,854)
Stock-based compensation expense 40,372 35,040 43,971
Amortization of debt issuance costs 28,954 36,917 25,013
Loss on extinguishment of debt 12,437 4,391 55,360
Provision (benefit) for doubtful accounts 21,898 6,527 (6,711)
Change in derivatives fair value 3,228 4,520 1,056
Change in Redemption Note fair value 0 69,331 59,700
Property charges and other 5,122 56,974 44,004
Increase (decrease) in cash from changes in:      
Receivables, net (86,712) (59,157) 829
Inventories, prepaid expenses and other (37,907) (5,212) (4,372)
Customer deposits (134,858) (92,395) 456,005
Accounts payable and accrued expenses (61,910) 49,527 70,954
Net cash provided by operating activities 901,070 961,489 1,876,577
Cash flows from investing activities:      
Capital expenditures, net of construction payables and retention (1,063,293) (1,475,972) (935,474)
Purchase of intangible and other assets (6,000) (126,414) (13,571)
Proceeds from the sale or maturity of investment securities 0 359,461 200,366
Purchase of investment securities 0 (34,098) (229,328)
Proceeds from sale of assets 695 54,213 20,374
Net cash used in investing activities (1,068,598) (1,222,810) (957,633)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 3,893,778 2,788,925 2,429,988
Repayments of long-term debt (2,930,015) (3,032,267) (2,959,843)
Proceeds from note receivable from sale of ownership interest in subsidiary 0 75,000 180,000
Proceeds from issuance of common stock, net of issuance costs 0 915,240 0
Repurchase of common stock (66,986) (159,544) (17,771)
Finance lease payment (73) 0 0
Proceeds from exercise of stock options 14,696 21,971 62,209
Shares of subsidiary repurchased for share award plan (5,384) (6,232) (392)
Dividends paid (566,521) (569,781) (320,760)
Distribution to noncontrolling interest (7,745) (305,372) (11,436)
Income taxes paid from sale of ownership interest in subsidiary 0 0 (25,176)
Payment to acquire derivatives 0 (3,900) 0
Payments for financing costs (32,738) (48,297) (91,174)
Net cash provided by (used in) financing activities 299,012 (324,257) (754,355)
Effect of exchange rate on cash, cash equivalents and restricted cash 7,485 (1,733) (3,900)
Cash, cash equivalents and restricted cash:      
Increase (decrease) in cash, cash equivalents and restricted cash 138,969 (587,311) 160,689
Balance, beginning of period 2,219,323 2,806,634  
Balance, end of period 2,358,292 2,219,323 2,806,634
Supplemental cash flow disclosures      
Cash paid for interest, net of amounts capitalized 373,052 378,023 367,074
Capitalized stock-based compensation 350 11 80
(Income tax refunds received) cash paid for income taxes (16,811) 1,885 37,089
Property and equipment acquired under capital lease 1,413 0 16,593
Liability settled with shares of common stock 15,134 1,800 19,225
Accounts and construction payables related to property and equipment 163,471 202,981 166,790
Other liabilities related to intangible assets 13,945 0 0
Financing costs included in accounts payable and other liabilities 1,857 0 0
Dividends payable on unvested restricted stock included in other accrued liabilities $ 6,690 $ 4,375 $ 3,220