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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities:    
Net income $ 753,721 $ 645,056
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation & amortization 399,850 376,563
(Gain) loss on sale of assets and businesses (4,803) 2,124
Costs related to extinguishment of debt 16,831 1,365
Stock-based compensation expense 55,548 49,928
Provision for asset impairment 7,195  
Changes in assets & liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable (29,079) 45,435
Accrued interest 3,714 (10,526)
Accrued and deferred income taxes (52,727) (2,095)
Other working capital accounts 52,616 85,944
Medicare accelerated payments and deferred CARES Act and other grants (697,393) 878,480
Other assets and deferred charges (34,038) 1,271
Other 9,607 115,431
Accrued insurance expense, net of commercial premiums paid 140,702 113,571
Payments made in settlement of self-insurance claims (60,069) (84,390)
Net cash provided by operating activities 561,675 2,218,157
Cash Flows from Investing Activities:    
Property and equipment additions (666,025) (546,656)
Proceeds received from sales of assets and businesses 21,143 7,851
Acquisition of businesses and property (39,391) (52,009)
Inflows from foreign exchange contracts that hedge our net U.K. investment 4,261 22,453
Decrease in capital reserves of commercial insurance subsidiary 100  
Costs incurred for purchase of information technology applications, net of refunds 20,202 (5,345)
Investment in, and advances to, joint ventures and other   (997)
Net cash used in investing activities (659,710) (574,703)
Cash Flows from Financing Activities:    
Repayments of long-term debt (3,026,888) (1,173,590)
Additional borrowings 2,912,374 803,197
Financing costs (17,967) (8,256)
Repurchase of common shares (770,665) (200,098)
Dividends paid (50,284) (17,344)
Issuance of common stock 10,108 9,288
Profit distributions to noncontrolling interests (5,744) (15,175)
Purchase of ownership interests by (from) minority members 13,046 (548)
Net cash used in financing activities (936,020) (602,526)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (682) (706)
(Decrease) increase in cash, cash equivalents and restricted cash (1,034,737) 1,040,222
Cash, cash equivalents and restricted cash, beginning of period 1,279,154 105,667
Cash, cash equivalents and restricted cash, end of period 244,417 1,145,889
Supplemental Disclosures of Cash Flow Information:    
Interest paid 58,719 93,579
Income taxes paid, net of refunds 286,376 208,460
Noncash purchases of property and equipment $ 73,428 $ 76,402