XML 92 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (127,933) $ 25,989
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation, accretion, and amortization 182,579 171,038
Non-cash asset impairment and decommission costs 13,997 5,451
Non-cash compensation expense 16,278 23,414
Amortization of deferred financing fees 5,139 5,061
Loss on remeasurement of U.S. dollar denominated intercompany loans 230,132 2,080
Deferred income tax (benefit) expense (72,204) 3,470
Other non-cash items reflected in the Statements of Operations 13,127 (2,494)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts, net 19,712 1,931
Prepaid expenses and other assets (1,643) (130)
Operating lease right-of-use assets, net 30,181 24,116
Accounts payable and accrued expenses (4,725) (5,050)
Accrued interest (18,197) (13,663)
Long-term lease liabilities (24,712) (19,652)
Other liabilities 16,011 1,104
Net cash provided by operating activities 277,742 222,665
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisitions (89,531) (55,287)
Capital expenditures (39,291) (36,374)
Purchase of investments (610,012) (150,053)
Proceeds from sale of investments 610,000 150,557
Other investing activities (3,178) 6,181
Net cash used in investing activities (132,012) (84,976)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under Revolving Credit Facility 500,000  
Repayments under Revolving Credit Facility (505,000) (215,000)
Proceeds from issuance of Senior Notes, net of fees 988,516  
Repayment of Senior Notes (759,143)  
Proceeds from employee stock purchase/stock option plans 38,869 69,690
Payments related to taxes on stock options and restricted stock units (44,488) (6,215)
Repurchase and retirement of common stock (203,330)  
Payment of dividends on common stock (52,201)  
Other financing activities (6,558) (6,522)
Net cash used in financing activities (43,335) (158,047)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (13,900) (14,071)
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 88,495 (34,429)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:    
Beginning of period 141,120 178,300
End of period 229,615 143,871
Cash paid during the period for:    
Interest 114,033 112,378
Income taxes 5,981 5,593
SUPPLEMENTAL CASH FLOW INFORMATION OF NON-CASH ACTIVITIES:    
Right-of-use assets obtained in exchange for new operating lease liabilities 11,250 28,881
Operating lease modifications and reassessments 15,264 (21,063)
Right-of-use assets obtained in exchange for new finance lease liabilities $ 893 $ 865
Common stock issued in connection with acquisitions   1,680