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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 $ 1,021,294 $ 333,040 $ 830,555
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 615,152 591,035 777,485
Impairment charges 124,892 61,981 981,589
Valuation adjustment on disposal group 0 316,840 0
Debt prepayment, refinancing, and redemption charges 33,402 0 0
Stock-based compensation expense 67,850 73,061 35,092
Deferred income taxes 41,723 273,660 (395,217)
Equity investment income, net 8,582 26,449 28,925
(Loss) gain on sales of business interests, net 23,022 (85,699) (23,402)
Other non-cash charges, net 49,579 82,374 66,920
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:      
Accounts receivable (79,957) (81,176) (156,305)
Inventories 10,158 73,505 (18,625)
Other receivables and other current assets 2,790 236,995 (111,432)
Other long-term assets 6,965 3,497 (11,945)
Accounts payable (84,539) (35,959) 26,876
Accrued compensation and benefits (14,697) 84,165 (78,239)
Other current liabilities 181,940 (157,462) 1,908
Income taxes 95,645 (23,635) (52,176)
Other long-term liabilities (31,446) (1,031) 11,157
Net cash provided by operating activities 2,072,355 1,771,640 1,913,166
Cash flows from investing activities:      
Additions of property and equipment (766,546) (987,138) (905,250)
Acquisitions (100,861) (183,156) (803,879)
Proceeds from asset and business sales 3,877,392 150,205 92,336
Purchase of other debt and equity investments (5,458) (8,448) (13,117)
Purchase of investments held-to-maturity (101,462) (5,963) (228,990)
Proceeds from sale of other debt and equity investments 3,676 9,526 6,408
Proceeds from investments held-to-maturity 95,376 34,862 492,470
Purchase of equity investments (9,366) (19,177) (4,816)
Distributions received on equity investments 2,589 3,646 106
Net cash provided by (used in) investing activities 2,995,340 (1,005,643) (1,364,732)
Cash flows from financing activities:      
Borrowings 38,525,850 59,934,750 50,991,960
Payments on long-term debt and other financing costs (40,606,041) (59,239,973) (50,837,112)
Purchase of treasury stock (2,383,816) (1,161,511) (802,949)
Distributions to noncontrolling interests (233,123) (196,441) (211,467)
Stock award exercises and other share issuances, net 11,382 13,577 21,252
Contributions from noncontrolling interests 57,317 52,311 74,552
Proceeds from sales of additional noncontrolling interests 0 15 2,864
Purchases of noncontrolling interests (68,019) (28,082) (5,357)
Net cash used in financing activities (4,696,450) (625,354) (766,257)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,760) (3,350) 254
Less: Net increase (decrease) in cash, cash equivalents and restricted cash from discontinued operations 369,485 137,293 (217,569)
Cash, cash equivalents and restricted cash of continuing operations at beginning of the year 415,420 518,920 683,463
Cash, cash equivalents and restricted cash of continuing operations at end of the year 1,208,718 415,420 518,920
Discontinued Operations      
Cash flows from financing activities:      
Less: Net increase (decrease) in cash, cash equivalents and restricted cash from discontinued operations (423,813) 240,793 (53,026)
Continuing Operations      
Cash flows from financing activities:      
Less: Net increase (decrease) in cash, cash equivalents and restricted cash from discontinued operations $ 793,298 $ (103,500) $ (164,543)