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CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:          
Net income $ 217,540 $ 201,688 $ 760,307 $ 718,332  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     468,949 456,685  
Debt prepayment, refinancing and redemption charges     86,957 33,402  
Impairment charges     0 124,892  
Stock-based compensation expense     67,217 47,811  
Deferred income taxes     191,783 72,590  
Equity investment income, net     3,026 5,131  
Loss on sales of business interests, net     16,252 23,022  
Other non-cash charges, net     (7,980) 24,291  
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:          
Accounts receivable     (12,405) (182,684)  
Inventories     (8,445) 9,519  
Other receivables and other current assets     62,025 (51,319)  
Other long-term assets     (1,853) 2,324  
Accounts payable     445 (106,662)  
Accrued compensation and benefits     (12,124) (57,930)  
Other current liabilities     123,833 140,046  
Income taxes     (100,160) 57,279  
Other long-term liabilities     (19,547) (27,542)  
Net cash provided by operating activities     1,494,230 1,391,825  
Cash flows from investing activities:          
Additions of property and equipment     (449,896) (547,183)  
Acquisitions     (112,597) (77,348)  
Proceeds from asset and business sales     83,339 3,863,619  
Purchase of debt investments held-to-maturity     (147,829) (98,322)  
Purchase of other debt and equity investments     (3,388) (5,160)  
Proceeds from debt investments held-to-maturity     148,341 0  
Proceeds from sale of other debt and equity investments     3,434 5,893  
Purchase of equity method investments     (9,613) (8,770)  
Distributions from equity method investments     902 1,296  
Net cash (used in) provided by investing activities     (487,307) 3,134,025  
Cash flows from financing activities:          
Borrowings     3,826,484 38,519,991  
Payments on long-term debt     (3,927,411) (40,485,415)  
Deferred financing and debt redemption costs     (105,705) (84,588)  
Purchase of treasury stock     (1,025,878) (1,837,022)  
Distributions to noncontrolling interests     (179,098) (157,170)  
Stock award exercises and other share issuances, net     3,838 7,333  
Contributions from noncontrolling interests     32,854 44,095  
Purchases of noncontrolling interests     (6,782) (10,988)  
Net cash used in financing activities     (1,381,698) (4,003,764)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (16,606) (4,178)  
Net (decrease) increase in cash, cash equivalents and restricted cash     (391,381) 517,908  
Cash, cash equivalents and restricted cash of continuing operations at beginning of the year     1,208,718 415,420 $ 415,420
Cash, cash equivalents and restricted cash of continuing operations at end of the year $ 817,337 $ 1,357,141 817,337 1,357,141 $ 1,208,718
Discontinued Operations          
Cash flows from financing activities:          
Net (decrease) increase in cash, cash equivalents and restricted cash     0 (423,813)  
Continuing Operations          
Cash flows from financing activities:          
Net (decrease) increase in cash, cash equivalents and restricted cash     $ (391,381) $ 941,721