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Consolidated Statements of Cash Flows - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 24,047 $ 147,284 $ 47,451
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, accretion, and amortization 721,970 697,078 672,113
Non-cash asset impairment and decommission costs 39,501 32,241 26,192
Non-cash compensation expense 68,890 73,214 42,327
Loss (gain) on remeasurement of U.S. denominated intercompany loans 220,354 (13,134) 89,101
Loss from extinguishment of debt, net 17,838 235 14,087
Deferred income tax (benefit) expense [1] (63,187) 15,935 (15,287)
Amortization of deferred financing fees 20,058 20,358 20,289
Non-cash interest expense [1] 24,870 3,193 2,640
Other non-cash items reflected in the Statements of Operations [1] 2,979 (1,888) (1,388)
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable and costs and estimated earnings in excess of billings on uncompleted contracts, net 38,195 (12,146) (29,427)
Prepaid expenses and other assets 2,614 878 (38,040)
Operating lease right-of-use assets, net 109,935 93,665  
Accounts payable and accrued expenses 13,173 (5,951) (3,021)
Long-term lease liabilities (100,847) (87,544)  
Other liabilities (14,357) 6,627 23,581
Net cash provided by operating activities 1,126,033 970,045 850,618
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions (271,418) (773,957) (451,829)
Capital expenditures (128,566) (154,236) (149,812)
Purchase of investments (1,288,705) (638,963) (156,983)
Proceeds from sale of investments 1,239,206 625,807 150,890
Other investing activities 3,117 (5,809) (10,613)
Net cash used in investing activities (446,366) (947,158) (618,347)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Borrowings under Revolving Credit Facility 895,000 755,000 1,120,000
Repayments under Revolving Credit Facility (1,005,000) (590,000) (835,000)
Repayment of Term Loans (24,000) (24,000) (1,947,000)
Proceeds from issuance of Term Loans, net of fees     2,377,218
Proceeds from issuance of Senior Notes, net of fees 1,479,484    
Repayment of Senior Notes (759,143)    
Proceeds from issuance of Tower Securities, net of fees 1,335,895 1,152,458 631,466
Repayment of Tower Securities (1,200,000) (920,000) (755,000)
Termination of interest rate swap (176,200)    
Repurchase and retirement of common stock (859,335) (466,982) (795,581)
Payment of dividends on common stock (207,689) (83,387)  
Proceeds from employee stock purchase/stock option plans, net of taxes 54,049 116,202 59,880
Other financing activities (2,078) (1,605) (4,520)
Net cash used in financing activities (469,017) (62,314) (148,537)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (8,962) 2,247 (9,729)
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 201,688 (37,180) 74,005
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH:      
Beginning of year 141,120 178,300 104,295
End of year 342,808 141,120 178,300
Cash paid during the period for:      
Interest 351,886 386,615 376,628
Income taxes 20,275 21,598 21,645
SUPPLEMENTAL CASH FLOW INFORMATION OF NON-CASH ACTIVITIES:      
Right-of-use assets obtained in exchange for new operating lease liabilities 78,674 175,517  
Operating lease modifications and reassessments (10,550) (52,383)  
Right-of-use assets obtained in exchange for new finance lease liabilities 1,087 $ 3,499 $ 1,039
Common stock issued in connection with acquisitions   1,680  
Consolidation of an equity method investment   $ 71,990  
Deferred payment on acquired assets $ 77,124    
[1] Certain reclassifications of the prior years’ amounts have been made to conform to the current year’s presentation.