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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 516,644 $ 531,551
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 300,770 289,878
Impairment charges 41,037 14,351
Stock-based compensation expense 29,045 19,861
Deferred income taxes 60,706 56,882
Equity investment income (loss), net 2,631 (434)
Loss (gain) on sales of business interests, net 23,022 (59,053)
Other non-cash charges, net 25,857 44,337
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:    
Accounts receivable (288,437) (101,746)
Inventories 11,542 71,632
Other receivables and other current assets (5,142) (91,685)
Other long-term assets (410) 3,454
Accounts payable (68,887) 35,228
Accrued compensation and benefits (88,473) 23,818
Other current liabilities 151,780 58,321
Income taxes 57,551 24,356
Other long-term liabilities (18,121) 3,824
Net cash provided by operating activities 751,115 924,575
Cash flows from investing activities:    
Additions of property and equipment (373,918) (473,977)
Acquisitions (65,970) (89,465)
Proceeds from asset and business sales 3,851,381 116,241
Purchase of other debt and equity investments (4,812) (4,195)
Purchase of investments held-to-maturity (3,322) (3,726)
Proceeds from sale of other debt and equity investments 5,893 5,662
Proceeds from investments held-to-maturity 0 32,628
Purchase of equity investments (6,715) (10,241)
Distributions received on equity investments 155 3,009
Net cash provided by (used in) investing activities 3,402,692 (424,064)
Cash flows from financing activities:    
Borrowings 32,367,300 28,128,131
Payments on long-term debt and other financing costs (33,531,409) (27,556,348)
Purchase of treasury stock (73,078) (805,179)
Distributions to noncontrolling interests (95,714) (94,006)
Stock award exercises and other share issuances, net 2,107 3,132
Contributions from noncontrolling interests 31,281 31,569
Proceeds from sales of additional noncontrolling interest 0 15
Purchases of noncontrolling interests (11,040) (13,223)
Net cash used in financing activities (1,310,553) (305,909)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (77) (3,473)
Net increase in cash, cash equivalents and restricted cash 2,843,177 191,129
Cash, cash equivalents and restricted cash of continuing operations at beginning of the year 415,420 518,920
Cash, cash equivalents and restricted cash of continuing operations at end of the period 3,682,410 480,148
Discontinued Operations    
Cash flows from financing activities:    
Net increase in cash, cash equivalents and restricted cash (423,813) 229,901
Continuing Operations    
Cash flows from financing activities:    
Net increase in cash, cash equivalents and restricted cash $ 3,266,990 $ (38,772)