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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:    
Net income (loss) $ 231,211 $ 196,574
Loss (income) from discontinued operations (104) 12,427
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Depreciation 336,485 337,923
Amortization (includes amortization of deferred financing costs and discounts of $12,286 and $11,537 for the nine months ended September 30, 2019 and 2018, respectively) 160,176 148,209
Revenue reduction associated with amortization of customer inducements and above- and below-market leases 10,417 12,430
Stock-based compensation expense 28,140 23,352
Provision (benefit) for deferred income taxes 2,643 (2,699)
(Gain) loss on disposal/write-down of property, plant and equipment, net (see Note 2.j.) (17,087) (2,064)
Foreign currency transactions and other, net (25,283) (1,271)
(Increase) decrease in assets (24,121) (24,247)
(Decrease) increase in liabilities (54,332) (75,096)
Cash Flows from Operating Activities - Continuing Operations 648,145 625,538
Cash Flows from Operating Activities - Discontinued Operations 0 (995)
Cash Flows from Operating Activities 648,145 624,543
Cash Flows from Investing Activities:    
Capital expenditures (see Liquidity and Capital Resources section of Management's Discussion & Analysis of Financial Condition and Results of Operations) (533,614) (329,953)
Cash paid for acquisitions, net of cash acquired (56,499) (1,711,011)
Acquisition of customer relationships (42,990) (38,829)
Customer inducements (7,429) (6,212)
Contract fulfillment costs and third-party commissions (63,090) (18,520)
Net proceeds from divestments 0 1,019
Investments in joint ventures (see Note 10) (19,222) 0
Proceeds from sales of property and equipment and other, net 82,148 713
Cash Flows from Investing Activities - Continuing Operations (640,696) (2,102,793)
Cash Flows from Investing Activities - Discontinued Operations 5,061 0
Cash Flows from Investing Activities (635,635) (2,102,793)
Cash Flows from Financing Activities:    
Repayment of revolving credit facility, term loan facilities and other debt (12,690,691) (11,226,171)
Proceeds from revolving credit facility, term loan facilities and other debt 12,256,276 12,437,017
Net proceeds from sales of senior notes 987,500 0
Debt repayment and equity distribution to noncontrolling interests (1,464) (2,035)
Parent cash dividends (528,908) (505,403)
Net proceeds associated with the Over-Allotment Option 0 76,192
Net proceeds associated with the At the Market (ATM) Program 0 8,716
Net (payments) proceeds associated with employee stock-based awards (2,059) (2,800)
Payment of debt financing and stock issuance costs (769) (15,957)
Cash Flows from Financing Activities - Continuing Operations 19,885 769,559
Cash Flows from Financing Activities - Discontinued Operations 0 0
Cash Flows from Financing Activities 19,885 769,559
Effect of Exchange Rates on Cash and Cash Equivalents (11,102) (19,332)
Increase (decrease) in Cash and Cash Equivalents 21,293 (728,023)
Cash and Cash Equivalents, including Restricted Cash, Beginning of Period 165,485 925,699
Cash and Cash Equivalents, including Restricted Cash, End of Period 186,778 197,676
Supplemental Information:    
Cash Paid for Interest 342,139 322,986
Cash Paid for Income Taxes, Net 54,446 49,061
Non-Cash Investing and Financing Activities:    
Financing Leases (see Note 2.d.) 20,699 56,493
Accrued Capital Expenditures 78,329 60,062
Accrued Purchase Price and Other Holdbacks 4,135 27,919
Dividends Payable $ 182,859 $ 174,136