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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net (loss) income $ (47,296) $ 33,888 $ 330,729
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation 433,929 371,240 345,612
Amortization of intangible assets 169,233 135,908 77,214
Non-cash stock-based compensation expense 33,335 27,446 24,805
(Benefit from) provision for deferred income taxes (140,863) 9,549 51,931
Equity in earnings of unconsolidated affiliates, net (30,697) (28,836) (33,830)
Gains on sales of assets, net (21,408) (39,692) (35,635)
Non-cash interest expense, net 5,837 4,172 3,171
Other non-cash items, net 8,875 4,743 (12,323)
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable 45,007 6,298 149,152
Contract assets (54,185) (304,351) 49,295
Inventories 33,018 (20,523) 10,147
Other assets, current and long-term portion 75,047 68,603 (35,837)
Accounts payable and accrued expenses 165,892 192,119 (104,481)
Contract liabilities 49,384 (39,372) 10,603
Other liabilities, current and long-term portion (37,831) (68,895) (37,479)
Net cash provided by operating activities 687,277 352,297 793,074
Cash flows from investing activities:      
Cash paid for acquisitions, net of cash acquired (69,388) (635,763) (1,244,603)
Capital expenditures (192,941) (263,352) (170,066)
Proceeds from sales of property and equipment 84,110 81,470 65,287
Payments for other investments (1,899) (3,981) (9,996)
Proceeds from other investments 425 400 557
Other investing activities, net 1,632 43 1,650
Net cash used in investing activities (178,061) (821,183) (1,357,171)
Cash flows from financing activities:      
Proceeds from credit facilities and term loans 4,378,200 4,065,000 1,503,372
Repayments of credit facilities (4,509,950) (3,241,128) (812,103)
Payments of finance lease obligations (167,615) (181,481) (158,892)
Repurchases of common stock 0 (81,291) 0
Payments of acquisition-related contingent consideration (21,638) (35,149) (21,675)
Payments for acquisition-related contingent assets 0 (17,636) 0
Payments to non-controlling interests, including acquisition of interests and distributions (14,478) (728) (8,965)
Payments for stock-based awards (10,330) (4,098) (6,024)
Other financing activities, net (5,187) (22,592) 6,229
Net cash (used in) provided by financing activities (350,998) 480,897 501,942
Effect of currency translation on cash 751 (2,155) (227)
Net increase (decrease) in cash and cash equivalents 158,969 9,856 (62,382)
Cash and cash equivalents - beginning of period 370,592 360,736 423,118
Cash and cash equivalents - end of period 529,561 370,592 360,736
Supplemental cash flow information:      
Interest paid 237,645 106,484 61,815
Income taxes paid, net of refunds 9,608 8,603 69,110
Supplemental disclosure of non-cash information:      
Additions to property and equipment from finance leases and other financing arrangements $ 147,736 $ 232,249 $ 160,286