XML 26 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income $ 1,250,737 $ 956,978 $ 781,643
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Depreciation and amortization 723,860 745,443 732,602
Impairment charges 0 26,083 0
Loss on extinguishment of debt 12,527 7,132 0
Stock-based compensation expense 102,788 112,375 95,427
Deferred income taxes (57,840) (39,354) (75,669)
Equity investment loss, net 115,839 64,777 8,773
Gain on changes in ownership interests (109,466) 0 0
Other non-cash losses and (gains), net 13,414 (8,938) 21,693
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:      
Accounts receivable (29,766) 172,361 (148,394)
Inventories 17,942 (32,132) (757)
Other current assets 36,801 (43,437) 27,533
Other long-term assets (67,031) (5,792) (50,549)
Accounts payable 1,699 26,890 87,481
Accrued compensation and benefits 14,687 56,209 34,536
Other current liabilities 46,733 27,082 89,955
Income taxes (44,214) 1,570 (24,103)
Other long-term liabilities (6,672) (8,216) (15,601)
Net Cash Provided by (Used in) Operating Activities, Total 2,022,038 2,059,031 1,564,570
Cash flows from investing activities:      
Additions of property and equipment (555,443) (567,985) (603,429)
Acquisitions 246,068 26,394 57,308
Proceeds from asset and business sales 25,862 30,610 117,582
Purchase of debt investments held-to-maturity (15,319) (37,180) (129,803)
Purchase of other debt and equity investments (9,140) (9,566) (3,590)
Proceeds from debt investments held-to-maturity 22,638 99,639 71,125
Proceeds from sale of other debt and equity investments 4,566 10,365 3,781
Purchase of equity method investments (5,205) (276,202) (31,885)
Distributions from equity method investments 6,680 4,913 3,962
Payments to Acquire Other Investments 0 0 (782)
Net Cash Provided by (Used in) Investing Activities, Total (771,429) (771,800) (630,347)
Cash flows from financing activities:      
Borrowings 6,624,310 2,468,341 2,393,116
Payments on long-term debt (5,515,213) (3,020,956) (2,404,395)
Deferred and debt related financing costs (50,874) (69,791) (3)
Purchase of treasury stock (1,385,932) (272,219) (802,228)
Distributions to noncontrolling interests (337,042) (280,938) (267,946)
Net proceeds from issuance of common stock under employee stock plans 20,453 16,900 18,577
Payment, Tax Withholding, Share-Based Payment Arrangement (134,040) (65,012) (55,944)
Contributions from noncontrolling interests 14,499 14,773 14,797
Proceeds from sales of additional noncontrolling interests 860 50,962 3,673
Purchases of noncontrolling interests (53,958) (12,555) (20,775)
Net cash used in financing activities (816,937) (1,170,495) (1,121,128)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (18,481) 8,909 (29,066)
Less: Net increase (decrease) in cash, cash equivalents and restricted cash 415,191 125,645 (215,971)
Cash, cash equivalents and restricted cash of continuing operations at beginning of the year 464,634 338,989 554,960
Cash, cash equivalents and restricted cash of continuing operations at end of the year $ 879,825 $ 464,634 $ 338,989