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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities    
Net income $ 26,470 $ 91,783
Adjustment to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 76,368 80,061
Amortization of contract acquisition costs 1,596 1,345
Amortization of debt issuance costs 801 735
Imputed interest expense and fair value adjustments to contingent consideration, net 6,864 2,070
Provision for credit losses 1,677 1,561
(Gain) loss on disposal of assets 1,176 1,587
Loss on dissolution of subsidiary 301 0
Impairment losses 11,083 13,299
Deferred income taxes (12,288) (8,216)
Excess tax benefit from equity-based awards 1,807 (1,256)
Equity-based compensation expense 16,410 13,240
(Gain) loss on foreign currency derivatives 552 269
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 34,995 (37,987)
Prepaids and other assets (1,620) 38,594
Accounts payable and accrued expenses (8,453) 1,483
Deferred revenue and other liabilities (44,508) (79,755)
Net cash provided by operating activities 113,231 118,813
Cash flows from investing activities    
Proceeds from sale of long-live assets 246 189
Purchases of property, plant and equipment (54,722) (64,564)
Acquisitions, net of cash acquired for current period and prior period, respectively 0 (142,420)
Net cash used in investing activities (54,476) (206,795)
Cash flows from financing activities    
Net proceeds (borrowings) from line of credit 4,000 164,000
Payments on other debt (1,929) (2,568)
Payments of contingent consideration and hold back payments to acquisitions (37,676) (9,600)
Dividends paid to shareholders (24,572) (23,518)
Payments to noncontrolling interest (8,407) (9,562)
Tax payments related to issuance of restricted stock units (2,938) (6,980)
Net cash (used in) provided by financing activities (71,522) 111,772
Effect of exchange rate changes on cash, cash equivalents and restricted cash 3,889 (22,226)
Increase (decrease) in cash, cash equivalents and restricted cash (8,878) 1,564
Cash, cash equivalents and restricted cash, beginning of period 167,064 180,682
Cash, cash equivalents and restricted cash, end of period 158,186 182,246
Supplemental disclosures    
Cash paid for interest 55,810 19,699
Cash paid for income taxes 35,542 32,705
Non-cash investing and financing activities    
Acquisition of long lived assets through finance leases 1,560 461
Acquisition of equipment through increase in accounts payable, net 3,534 6,625
Dividends declared but not paid $ 24,660 $ 24,554