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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income $ 219,818 $ 316,003 $ 313,026
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 118,230 115,693 111,671
Stock-based compensation 13,274 (46,684) (22,697)
Interest accretion on notes payable 1,310 1,344 1,056
Loss on debt extinguishment 6,484 0 37,116
Amortization of debt issuance costs 3,563 3,979 4,061
Other, including loss on disposal of assets (1,029) 574 6,875
Gain on sale of investee (724) 0 0
Decrease (increase) in accounts receivable 7,725 (39,193) (3,108)
Increase in inventories, prepaid expenses and other current assets (14,709) (3,769) (1,847)
(Increase) decrease in deposits and other assets (1,665) 1,633 (3,597)
Decrease in ROU operating leases 7,865 0 0
(Decrease) increase in accounts payable, deferred revenue, accrued liabilities and other long-term liabilities (15,472) (13,750) 5,478
Decrease in operating lease liabilities (7,914) 0 0
(Decrease) increase in accrued interest payable (4,569) 4,409 (1,396)
Deferred income taxes 78,386 72,893 (1,571)
Net cash provided by operating activities 410,573 413,132 445,067
Cash flows from investing activities:      
Additions to property and equipment (143,913) (135,624) (135,219)
Property insurance recoveries 3,737 2,500 523
Acquisition of park assets, net of cash acquired 0 (19,059) 0
Sale of restricted-use investments, net 0 0 3,926
Proceeds from sale of assets 1,050 71 607
Net cash used in investing activities (139,126) (152,112) (130,163)
Cash flows from financing activities:      
Repayment of borrowings (802,750) (274,000) (949,161)
Proceeds from borrowings 970,000 356,000 1,313,000
Payment of debt issuance costs (9,911) (793) (37,336)
Payment of cash dividends (278,951) (267,044) (227,101)
Proceeds from issuance of common stock 19,627 43,705 62,502
Stock repurchases (52) (110,990) (499,442)
Purchase of redeemable noncontrolling interest (217) (353) (128)
Distributions to noncontrolling interests (40,753) (40,007) (39,210)
Net cash used in financing activities (143,007) (293,482) (376,876)
Effect of exchange rate on cash 1,131 (426) 2,083
Net increase (decrease) in cash and cash equivalents 129,571 (32,888) (59,889)
Cash and cash equivalents at beginning of period 44,608 77,496 137,385
Cash and cash equivalents at end of period 174,179 44,608 77,496
Supplemental cash flow information      
Cash paid for interest 114,398 98,302 96,045
Cash paid for income taxes $ 28,209 $ 30,009 $ 14,473