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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ 243,565 $ 323,153
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Depreciation 236,496 226,939
Amortization (includes amortization of deferred financing costs and discounts of $9,064 and $8,443 for the six months ended June 30, 2022 and 2021, respectively) 134,437 113,831
Revenue reduction associated with amortization of customer inducements and above- and below-market leases 3,681 4,327
Stock-based compensation expense 31,597 33,652
(Benefit) provision for deferred income taxes (18,491) 30,899
Loss on early extinguishment of debt 671 0
Gain on IPM divestment 0 (181,196)
(Gain) loss on disposal/write-down of property, plant and equipment, net (51,954) (133,386)
Loss associated with OSG deconsolidation 105,825 0
Gain associated with Clutter Transaction (35,821) 0
Foreign currency transactions and other, net (58,821) 2,727
(Increase) decrease in assets (194,756) (83,975)
(Decrease) increase in liabilities (50,505) 52,231
Cash Flows from Operating Activities 345,924 389,202
Cash Flows from Investing Activities:    
Capital expenditures (330,220) (295,586)
Cash paid for acquisitions, net of cash acquired (718,657) (35,723)
Acquisition of customer relationships (148) (3,641)
Customer inducements (4,624) (3,818)
Contract fulfillment costs (33,951) (29,023)
Investments in joint ventures and other investments 0 (63,135)
Net proceeds from IPM Divestment 0 213,878
Proceeds from sales of property and equipment and other, net 96,497 209,697
Cash Flows from Investing Activities (991,103) (7,351)
Cash Flows from Financing Activities:    
Repayment of revolving credit facility, term loan facilities and other debt (5,351,720) (1,620,167)
Proceeds from revolving credit facility, term loan facilities and other debt 6,255,829 1,763,597
Debt financing and equity contribution from noncontrolling interests 21,547 0
Debt repayment and equity distribution to noncontrolling interests (1,392) (1,285)
Repurchase of noncontrolling interest 0 (75,000)
Parent cash dividends (364,223) (359,824)
Net (payments) proceeds associated with employee stock-based awards (8,636) 17,998
Other, net (9,405) 3,742
Cash Flows from Financing Activities 542,000 (270,939)
Effect of Exchange Rates on Cash and Cash Equivalents (7,903) (47)
(Decrease) increase in Cash and Cash Equivalents (111,082) 110,865
Cash and Cash Equivalents, Beginning of Period 255,828 205,063
Cash and Cash Equivalents, End of Period 144,746 315,928
Supplemental Information:    
Cash Paid for Interest 227,633 217,687
Cash Paid for Income Taxes, Net 57,135 45,246
Non-Cash Investing and Financing Activities:    
Financing Leases 12,878 13,775
Accrued Capital Expenditures 98,210 45,665
Deferred Purchase Obligation and Other 276,017 0
Dividends Payable $ 188,556 $ 187,488