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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 438,647,000 $ 388,090,000 $ 243,386,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 349,449,000 271,294,000 251,296,000
Stock-based compensation 23,136,000 37,368,000 18,772,000
Amortization included in interest expense 6,158,000 5,877,000 5,909,000
Gain on disposition of assets (15,721,000) (2,115,000) (9,026,000)
Loss on extinguishment of debt 0 21,604,000 25,235,000
Equity in earnings of investee (4,315,000) (3,384,000) 0
Deferred income tax expense (benefit) 3,212,000 1,574,000 (797,000)
Provision for doubtful accounts 9,013,000 4,527,000 12,729,000
(Increase) decrease in:      
Receivables (22,511,000) (24,684,000) 1,287,000
Prepaid expenses (906,000) (5,493,000) 591,000
Other assets 2,711,000 5,030,000 7,629,000
Increase (decrease) in:      
Trade accounts payable 1,176,000 1,308,000 841,000
Accrued expenses (10,773,000) 9,553,000 10,052,000
Operating lease liabilities 7,198,000 3,819,000 24,549,000
Other liabilities (4,862,000) 20,049,000 (22,580,000)
Cash flows provided by operating activities 781,612,000 734,417,000 569,873,000
Cash flows from investing activities:      
Capital expenditures (167,078,000) (126,090,000) (62,272,000)
Acquisitions (479,766,000) (312,257,000) (45,584,000)
Payment for investments in equity securities 0 (30,000,000) 0
Decrease in notes receivable 12,124,000 107,000 0
Proceeds from disposition of assets and investments 15,649,000 6,480,000 10,968,000
Cash flows used in investing activities (619,071,000) (461,760,000) (96,888,000)
Cash flows from financing activities:      
Net proceeds from issuance of common stock 18,894,000 19,042,000 11,148,000
Cash used for purchase of treasury shares (10,506,000) (6,066,000) (10,492,000)
Proceeds received from revolving credit facility 445,000,000 200,000,000 725,000,000
Payments on revolving credit facility (575,000,000) (25,000,000) (875,000,000)
Principal payments on long-term debt (365,000) (378,000) (9,112,000)
Borrowings on long-term debt 0 0 8,750,000
Principal payments on financing leases (1,331,000) (1,331,000) 0
Proceeds received from senior credit facility term loans 350,000,000 0 598,500,000
Payments on senior credit facility term loans 0 0 (978,097,000)
Proceeds received from accounts receivable securitization program 265,000,000 180,000,000 122,500,000
Payments on accounts receivable securitization program (190,000,000) (127,500,000) (175,000,000)
Proceeds received from note offering 0 550,000,000 1,549,250,000
Redemption of senior notes and senior subordinated notes 0 (668,688,000) (1,058,596,000)
Debt issuance costs (1,583,000) (8,823,000) (32,950,000)
Distributions to non-controlling interest (814,000) (601,000) (1,509,000)
Dividends/distributions (508,614,000) (405,174,000) (252,309,000)
Cash flows used in financing activities (209,319,000) (294,519,000) (377,917,000)
Effect of exchange rate changes in cash and cash equivalents (391,000) 81,000 313,000
Net (decrease) increase in cash and cash equivalents (47,169,000) (21,781,000) 95,381,000
Cash and cash equivalents at beginning of period 99,788,000 121,569,000 26,188,000
Cash and cash equivalents at end of period 52,619,000 99,788,000 121,569,000
Supplemental disclosures of cash flow information:      
Cash paid for interest 120,000,000 112,080,000 130,864,000
Cash paid for state and federal income taxes $ 16,325,000 $ 8,388,000 $ 4,033,000