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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities:    
Net income (loss) $ 158,069 $ 436,496
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Depreciation 387,327 350,626
Amortization (includes amortization of deferred financing costs and discounts of $13,580 and $13,536 for the nine months ended September 30, 2023 and 2022, respectively) 202,471 199,856
Revenue reduction associated with amortization of customer inducements and above- and below-market leases 5,206 5,532
Stock-based compensation expense 53,195 45,923
(Benefit) provision for deferred income taxes (7,727) (22,991)
Loss on early extinguishment of debt 0 671
(Gain) loss on disposal/write-down of property, plant and equipment, net (18,982) (66,124)
Loss (gain) on divestments and deconsolidations 0 105,825
Loss (gain) associated with the Clutter transactions 38,000 (35,821)
Foreign currency transactions and other, net 55,768 (101,329)
(Increase) decrease in assets (6,889) (219,173)
(Decrease) increase in liabilities (200,064) (139,136)
Cash Flows from Operating Activities 666,374 560,355
Cash Flows from Investing Activities:    
Capital expenditures (962,294) (596,801)
Cash paid for acquisitions, net of cash acquired (33,932) (724,213)
Acquisition of customer relationships 0 (1,901)
Customer inducements (5,799) (4,288)
Contract fulfillment costs (61,960) (49,874)
Investments in joint ventures and other investments (15,830) (46,100)
Proceeds from sales of property and equipment and other, net 44,732 119,417
Cash Flows from Investing Activities (1,035,083) (1,303,760)
Cash Flows from Financing Activities:    
Repayment of revolving credit facility, term loan facilities and other debt (13,654,869) (8,038,964)
Proceeds from revolving credit facility, term loan facilities and other debt 13,630,522 9,240,478
Net proceeds from sale of senior note 990,000 0
Debt financing and equity contribution from noncontrolling interests 9,900 21,547
Debt repayment and equity distribution to noncontrolling interests (2,937) (2,124)
Parent cash dividends (547,667) (544,069)
Net (payments) proceeds associated with employee stock-based awards (13,802) (8,984)
Other, net (7,275) (9,437)
Cash Flows from Financing Activities 403,872 658,447
Effect of Exchange Rates on Cash and Cash Equivalents (6,458) (15,647)
Increase (decrease) in Cash and Cash Equivalents 28,705 (100,605)
Cash and Cash Equivalents, Beginning of Period 141,797 255,828
Cash and Cash Equivalents, End of Period 170,502 155,223
Supplemental Information:    
Cash Paid for Interest 470,273 410,851
Cash Paid for Income Taxes, Net 74,948 77,765
Non-Cash Investing and Financing Activities:    
Financing Leases and Other 104,613 18,774
Accrued Capital Expenditures 176,596 137,802
Deferred Purchase Obligations and Other Deferred Payments 4,786 279,734
Dividends Payable $ 200,879 $ 190,095