XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities    
Net income $ 66,768 $ 107,397
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 52,944 45,376
Amortization of contract acquisition costs 1,063 350
Amortization of debt issuance costs 500 447
Imputed interest expense and fair value adjustments to contingent consideration   1,046
Provision for credit losses 198 155
(Gain) loss on disposal of assets 1,116 386
Impairment losses 10,360 4,217
Deferred income taxes (9,161) (5,522)
Excess tax benefit from equity-based awards (913) (3,340)
Equity-based compensation expense 7,882 7,399
(Gain) loss on foreign currency derivatives 224 21
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (38,271) 48,515
Prepaids and other assets 35,866 3,175
Accounts payable and accrued expenses 21,041 (18,062)
Deferred revenue and other liabilities (58,345) (58,721)
Net cash provided by operating activities 91,272 132,839
Cash flows from investing activities    
Proceeds from sale of long-live assets 102 29
Purchases of property, plant and equipment (35,790) (23,593)
Acquisitions, net of cash acquired of $18,638, $4,423 and $4,547, respectively (142,420) (481,718)
Net cash used in investing activities (178,108) (505,282)
Cash flows from financing activities    
Net proceeds (borrowings) from line of credit 139,000 449,000
Payments on other debt (1,877) (3,522)
Payments of contingent consideration and hold back payments to acquisitions (9,600) (11,517)
Dividends paid to shareholders (23,518) (20,132)
Payments to noncontrolling interest (7,219) (5,589)
Tax payments related to issuance of restricted stock units (3,065) (6,680)
Payments of debt issuance costs 0 (1,102)
Net cash (used in) provided by financing activities 93,721 400,458
Effect of exchange rate changes on cash, cash equivalents and restricted cash (12,350) (1,930)
Increase (decrease) in cash, cash equivalents and restricted cash (5,465) 26,085
Cash, cash equivalents and restricted cash, beginning of period 180,682 159,015
Cash, cash equivalents and restricted cash, end of period 175,217 185,100
Supplemental disclosures    
Cash paid for interest 9,394 4,637
Cash paid for income taxes 19,882 46,723
Non-cash investing and financing activities    
Acquisition of long lived assets through finance leases 202 625
Acquisition of equipment through increase in accounts payable, net $ 467 $ (2,727)