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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net income $ 125,438 $ 82,366
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 70,655 57,054
Amortization of contract acquisition costs 575 332
Amortization of debt issuance costs 719 549
Imputed interest expense and fair value adjustments to contingent consideration 1,046 1,949
Provision for credit losses (34) 563
(Gain) loss on disposal of assets 524 77
Loss on dissolution of subsidiary   19,905
Impairment losses 3,949 1,644
Deferred income taxes 514 (1,153)
Excess tax benefit from equity-based awards (5,284) (708)
Equity-based compensation expense 11,969 9,471
(Gain) loss on foreign currency derivatives 134 (25)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 48,816 (5,450)
Prepaids and other assets (42,455) 14,333
Accounts payable and accrued expenses 19,406 70,441
Deferred revenue and other liabilities (60,910) (64,564)
Net cash provided by operating activities 175,062 186,784
Cash flows from investing activities    
Proceeds from sale of long-live assets 42 16
Purchases of property, plant and equipment (40,778) (47,827)
Acquisitions, net of cash acquired of $18,638 and $3,123, respectively (481,718) (38,739)
Net cash used in investing activities (522,454) (86,550)
Cash flows from financing activities    
Net proceeds (borrowings) from line of credit 420,000 35,000
Payments on other debt (5,288) (6,602)
Payments of contingent consideration and hold back payments to acquisitions (11,517) (48,686)
Dividends paid to shareholders (20,132) (15,843)
Payments to noncontrolling interest (8,059) (8,268)
Tax payments related to issuance of restricted stock units (11,369) (4,456)
Payments of debt issuance costs (1,102) (35)
Net cash (used in) provided by financing activities 362,533 (48,890)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6,272) (104)
Increase (decrease) in cash, cash equivalents and restricted cash 8,869 51,240
Cash, cash equivalents and restricted cash, beginning of period 159,015 105,591
Cash, cash equivalents and restricted cash, end of period 167,884 156,831
Supplemental disclosures    
Cash paid for interest 7,827 8,436
Cash paid for income taxes 64,999 33,793
Non-cash investing and financing activities    
Acquisition of long lived assets through finance leases 857 1,814
Acquisition of equipment through increase in accounts payable, net 130 (2,515)
Dividends declared but not paid $ 22,085 $ 18,694