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UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 79,216 $ 152,829
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 86,719 59,184
Deferred taxes 7,145 33,989
Compensation expense related to share-based compensation plans 12,434 9,490
Contingent consideration adjustment   (4,703)
Gain on sale of assets (1,313) (1,458)
Gain on Disposition   (113,601)
Changes in operating assets and liabilities:    
Restricted investments (2,192) (2,454)
Accounts receivable, net 41,000 (44,138)
Prepaid taxes (4,622) 11,918
Prepaid expenses and other current assets 1,299 438
Other assets (3,365) 1,572
Accounts payable (89,800) 8,070
Accrued expenses 2,408 30,952
Non-current liabilities (225) 4,358
Transaction costs for disposition   (5,665)
Net cash provided by operating activities 128,704 140,781
Cash flows from investing activities:    
Proceeds from sale of equipment 9,072 4,035
Purchases of property and equipment (55,616) (138,847)
Acquisitions, net of cash acquired (734)  
Proceeds from the disposition of discontinued operations 19,439 227,986
Net cash (used in) provided by investing activities (27,839) 93,174
Cash flows from financing activities:    
Proceeds from issuance of debt 36,557 118,809
Repayments of long term debt (79,147) (107,341)
Stock tendered for payments of withholding taxes (2,875) (4,262)
Purchase of treasury stock (24,998)  
Finance lease payments (2,206) (2,181)
Net cash (used in) provided by financing activities (72,669) 5,025
Effect of exchange rate changes on cash and cash equivalents (3) (30)
Net increase in cash and cash equivalents 28,193 238,950
Cash and cash equivalents beginning of the period 61,435 28,557
Cash and cash equivalents end of the period 89,628 267,507
Supplemental disclosures of cash paid for:    
Interest 8,436 6,740
Income taxes $ 32,917 $ 2,759