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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 331,677 $ 309,802
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation & amortization 285,365 287,634
(Gain) loss on sale of assets and businesses (6,250) 1,084
Stock-based compensation expense 43,062 41,640
Changes in assets & liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable (82,078) (89,729)
Accrued interest (107) 1,329
Accrued and deferred income taxes (32,695) (34,260)
Other working capital accounts 20,216 (98,811)
Medicare accelerated payments and deferred CARES Act and other grants 2,741 5,339
Other assets and deferred charges 32,746 30,278
Other 15,471 (15,763)
Accrued insurance expense, net of commercial premiums paid 95,157 97,570
Payments made in settlement of self-insurance claims (51,604) (58,066)
Net cash provided by operating activities 653,701 478,047
Cash Flows from Investing Activities:    
Property and equipment additions (336,664) (407,962)
Proceeds received from sales of assets and businesses 23,688 10,232
Acquisition of businesses and property (3,728) (12,485)
(Outflows) inflows from foreign exchange contracts that hedge our net U.K. investment (31,305) 84,535
Decrease in capital reserves of commercial insurance subsidiary 0 100
Net cash used in investing activities (348,009) (325,580)
Cash Flows from Financing Activities:    
Repayments of long-term debt (93,557) (226,854)
Additional borrowings, net 0 700,000
Financing costs (293) (2,387)
Repurchase of common shares (209,756) (565,182)
Dividends paid (28,263) (29,641)
Issuance of common stock 6,598 6,661
Profit distributions to noncontrolling interests (4,735) (5,323)
Purchase (sale) of ownership interests by (from) minority members 407 (1,307)
Net cash used in financing activities (329,599) (124,033)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,377 (5,457)
(Decrease) increase in cash, cash equivalents and restricted cash (21,530) 22,977
Cash, cash equivalents and restricted cash, beginning of period 200,837 178,934
Cash, cash equivalents and restricted cash, end of period 179,307 201,911
Supplemental Disclosures of Cash Flow Information:    
Interest paid 97,297 43,796
Income taxes paid, net of refunds 133,840 145,448
Noncash purchases of property and equipment $ 100,461 $ 112,420