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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net (loss) income $ (382,092) $ 219,818 $ 316,003
Adjustments to reconcile net (loss) income to net cash used in and provided by operating activities:      
Depreciation and amortization 120,173 118,230 115,693
Stock-based compensation 19,530 13,274 (46,684)
Interest accretion on notes payable 1,157 1,310 1,344
Loss on debt extinguishment 6,106 6,484 0
Amortization of debt issuance costs 6,535 3,563 3,979
Other, including loss on disposal of assets (4,028) (1,029) 574
Gain on sale of investee 0 (724) 0
Deferred income taxes (benefit) expense (134,199) 78,386 72,893
Change in accounts receivable 71,654 7,725 (39,193)
Change in inventories, prepaid expenses and other current assets (19,452) (14,709) (3,769)
Change in deposits and other assets 5,604 (1,665) 1,633
Change in ROU operating leases 4,477 7,865 0
Change in accounts payable, deferred revenue, accrued liabilities and other long-term liabilities 79,075 (15,472) (13,750)
Change in operating lease liabilities 524 (7,914) 0
Change in accrued interest payable 34,056 (4,569) 4,409
Net cash (used in) provided by operating activities (190,880) 410,573 413,132
Cash flows from investing activities:      
Additions to property and equipment (100,878) (143,913) (135,624)
Property insurance recoveries 2,514 3,737 2,500
Acquisition of park assets, net of cash acquired 0 0 (19,059)
Proceeds from sale of assets 7,470 1,050 71
Net cash used in investing activities (90,894) (139,126) (152,112)
Cash flows from financing activities:      
Repayment of borrowings (526,510) (802,750) (274,000)
Proceeds from borrowings 884,000 970,000 356,000
Payment of debt issuance costs (24,987) (9,911) (793)
Payment of cash dividends (22,499) (278,951) (267,044)
Proceeds from issuance of common stock 3,528 19,627 43,705
Stock repurchases (54) (52) (110,990)
Reduction in finance lease liability (493) 0 0
Purchase of redeemable noncontrolling interest (4,976) (217) (353)
Distributions to noncontrolling interests (41,288) (40,753) (40,007)
Net cash provided by (used in) financing activities 266,721 (143,007) (293,482)
Effect of exchange rate on cash (1,366) 1,131 (426)
Net increase (decrease) in cash and cash equivalents (16,419) 129,571 (32,888)
Cash and cash equivalents at beginning of period 174,179 44,608 77,496
Cash and cash equivalents at end of period 157,760 174,179 44,608
Supplemental cash flow information      
Cash paid for interest 99,239 114,398 98,302
Cash paid for income taxes $ 5,917 $ 28,209 $ 30,009