XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities:    
Net income $ 411,168 $ 395,727
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation & amortization 205,460 196,255
Stock-based compensation expense 24,693 20,474
Changes in assets & liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable (45,729) (95,013)
Accrued interest 9,158 (1,520)
Accrued and deferred income taxes 17,997 10,870
Other working capital accounts 123,315 (10,899)
Other assets and deferred charges (8,149) 4,074
Other 52,050 2,163
Accrued insurance expense, net of commercial premiums paid 44,231 50,511
Payments made in settlement of self-insurance claims (33,012) (41,039)
Net cash provided by operating activities 801,182 531,603
Cash Flows from Investing Activities:    
Property and equipment additions, net of disposals (247,715) (170,580)
Acquisition of property and businesses (27,525) (34,500)
Net cash used in investing activities (275,240) (205,080)
Cash Flows from Financing Activities:    
Reduction of long-term debt (843,351) (255,658)
Additional borrowings and related funds 1,022,239 5,200
Acquisition of noncontrolling interests in majority owned businesses (418,000) 0
Financing costs (10,734) 0
Repurchase of common shares (239,139) (68,157)
Dividends paid (19,484) (19,804)
Issuance of common stock 4,362 4,039
Excess income tax benefits related to stock-based compensation 35,247 28,489
Profit distributions to noncontrolling interests (59,615) (23,295)
Proceeds received from sale/leaseback of real property 0 12,765
Net cash used in financing activities (528,475) (316,421)
Effect of exchange rate changes on cash and cash equivalents (2,422) 293
(Decrease) increase in cash and cash equivalents (4,955) 10,395
Cash and cash equivalents, beginning of period 61,228 32,069
Cash and cash equivalents, end of period 56,273 42,464
Supplemental Disclosures of Cash Flow Information:    
Interest paid 53,558 55,718
Income taxes paid, net of refunds 165,947 166,637
Noncash purchases of property and equipment $ 42,747 $ 34,488