XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 641,700 $ 452,061
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on disposal of assets and impairments 11,503 9,302
Depreciation 562,174 498,588
Amortization of intangibles 113,956 100,237
Loss on early extinguishment of debt 0 115,288
Deferred income taxes, net of acquisitions 91,098 (24,282)
Current period provision for expected credit losses 11,097 9,239
Amortization of debt issuance costs 3,879 3,887
Share-based compensation 48,395 42,694
Interest accretion 13,218 12,068
Payment of contingent consideration recorded in earnings (2,982) (520)
Adjustments to contingent consideration (1,030) 89
Other (8,412) (1,286)
Net change in operating assets and liabilities, net of acquisitions 15,541 52,596
Net cash provided by operating activities 1,500,137 1,269,961
Cash flows from investing activities:    
Payments for acquisitions, net of cash acquired (1,272,910) (561,276)
Capital expenditures for property and equipment (618,313) (479,480)
Proceeds from disposal of assets 23,341 10,109
Other 9,296 (4,193)
Net cash used in investing activities (1,858,586) (1,034,840)
Cash flows from financing activities:    
Proceeds from long-term debt 3,148,624 1,943,192
Principal payments on notes payable and long-term debt (2,052,412) (1,814,034)
Premiums paid on early extinguishment of debt 0 (110,617)
Payment of contingent consideration recorded at acquisition date (12,114) (7,998)
Change in book overdraft (5,983) (563)
Payments for repurchase of common shares (424,999) (305,640)
Payments for cash dividends (177,710) (160,754)
Tax withholdings related to net share settlements of equity-based compensation (17,466) (18,576)
Debt issuance costs (11,454) (17,997)
Proceeds from issuance of shares under employee share purchase plan 3,271 1,275
Proceeds from sale of common shares held in trust 660 131
Net cash provided by (used in) financing activities 450,417 (491,581)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,210) 443
Net increase in cash, cash equivalents and restricted cash 88,758 (256,017)
Cash, cash equivalents and restricted cash at beginning of period 219,615 714,389
Cash, cash equivalents and restricted cash at end of period 308,373 458,372
Non-cash financing activities:    
Liabilities assumed and notes payable issued to sellers of businesses acquired $ 179,126 $ 103,016