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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net income (loss) $ 57,779 $ 122,927
Loss (income) from discontinued operations 0 (104)
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Depreciation 226,628 228,333
Amortization (includes amortization of deferred financing costs and discounts of $9,001 and $8,208 for the six months ended June 30, 2020 and 2019, respectively) 108,807 106,689
Intangible impairments (see Note 2.b.) 23,000 0
Revenue reduction associated with amortization of customer inducements and above- and below-market leases 5,248 7,178
Stock-based compensation expense 26,672 21,020
(Benefit) provision for deferred income taxes (2,413) 2,753
Loss on early extinguishment of debt 17,040 0
(Gain) loss on disposal/write-down of property, plant and equipment, net (2,330) (7,803)
Foreign currency transactions and other, net (30,555) (7,505)
(Increase) decrease in assets (10,794) (53,038)
Increase (decrease) in liabilities 19,992 9,281
Cash Flows from Operating Activities - Continuing Operations 439,074 429,731
Cash Flows from Operating Activities - Discontinued Operations 0 0
Cash Flows from Operating Activities 439,074 429,731
Cash Flows from Investing Activities:    
Capital expenditures (200,158) (367,131)
Cash paid for acquisitions, net of cash acquired (118,512) (44,651)
Acquisition of customer relationships (2,885) (33,375)
Customer inducements (6,970) (5,841)
Contract fulfillment costs and third-party commissions (18,738) (51,346)
Investments in joint venture (6,850) (19,222)
Proceeds from sales of property and equipment and other, net 9,902 46,832
Cash Flows from Investing Activities - Continuing Operations (344,211) (474,734)
Cash Flows from Investing Activities - Discontinued Operations 0 5,061
Cash Flows from Investing Activities (344,211) (469,673)
Cash Flows from Financing Activities:    
Repayment of revolving credit facility, term loan facilities and other debt (5,691,163) (2,602,922)
Proceeds from revolving credit facility, term loan facilities and other debt 5,426,057 2,998,107
Early redemption of senior notes, including call premium (1,111,986) 0
Net proceeds from sales of senior notes 2,376,000 0
Debt repayment and equity distribution to noncontrolling interests (1,685) (999)
Parent cash dividends (359,461) (353,357)
Net (payments) proceeds associated with employee stock-based awards (2,030) (1,727)
Payment of debt financing costs and other (18,820) 0
Cash Flows from Financing Activities - Continuing Operations 616,912 39,102
Cash Flows from Financing Activities - Discontinued Operations 0 0
Cash Flows from Financing Activities 616,912 39,102
Effect of Exchange Rates on Cash and Cash Equivalents 1,850 (2,649)
Increase (decrease) in Cash and Cash Equivalents 713,625 (3,489)
Cash and Cash Equivalents, including Restricted Cash, Beginning of Period 193,555 165,485
Cash and Cash Equivalents, including Restricted Cash, End of Period 907,180 161,996
Supplemental Information:    
Cash Paid for Interest 225,676 201,602
Cash Paid for Income Taxes, Net 1,798 38,302
Non-Cash Investing and Financing Activities:    
Financing Leases (see Note 2.e.) 26,546 13,662
Accrued Capital Expenditures 50,831 66,154
Fair Value of Investments Applied to Acquisitions (see Note 4) 27,276 0
Accrued Purchase Price and Other Holdbacks 0 2,394
Dividends Payable $ 185,414 $ 181,731