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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income $ 319,758 $ 151,854 $ 170,358
Adjustments for items not affecting cash:      
Depreciation and amortization 97,155 87,889 74,921
Share-based payments expense 41,664 31,335 16,552
Deferred income tax expense (253) 3,859 9,152
Unrealized foreign exchange (gain) loss (6,468) (107) 2,453
Gain on disposition of property, plant and equipment (170,833) (1,436) (1,559)
Loss on redemption of the 2021 Notes 4,792    
Amortization of debt issuance costs 3,872 2,926 3,123
Amortization of right-of-use assets 19,373 12,832 12,240
Gain on contingent consideration from equity investment     (1,700)
Change in fair value of derivatives (1,263) 1,248  
Other, net 4,076 2,752 1,466
Net changes in operating assets and liabilities 151,182 24,434 (29,134)
Net cash provided by operating activities 463,055 317,586 257,872
Investing activities:      
Acquisitions, net of cash acquired (63) (170,976) (250,039)
Property, plant and equipment additions (31,972) (9,816) (14,263)
Proceeds on disposition of property, plant and equipment 165,542 1,911 16,385
Intangible asset additions (39,965) (33,671) (28,873)
Issuance of loans receivable (22,037) (2,622) (9,071)
Repayment of loans receivable 5,487 1,108 3,227
Distribution from equity investment     4,212
Proceeds on contingent consideration from equity investment     1,700
Other, net 340    
Net cash provided by (used in) investing activities 77,332 (214,066) (276,722)
Financing activities:      
Share repurchase     (53,170)
Dividends paid to stockholders (115,219) (103,797) (91,737)
Acquisition of remaining interest in NCI   (5,556)  
Dividends paid to NCI   (104) (320)
Proceeds from exercise of options and share option plans 5,872 16,250 44,128
Payment of withholding taxes on issuance of shares (3,955) (9,283) (6,656)
Net increase (decrease) in short-term debt 776 (21,608) 21,431
Proceeds from long-term debt   1,106,957  
Repayment of long-term debt (1,131,000) (5,328) (13,711)
Debt issue costs (4,257) (5,655) (2,038)
Repayment of finance lease obligations (10,339) (10,968) (9,388)
Net cash provided by (used in) financing activities (1,258,122) 960,908 (111,461)
Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash (18,771) (8,871) 16,950
(Decrease) Increase (736,506) 1,055,557 (113,361)
Beginning of period 1,362,452 306,895 420,256
Cash, cash equivalents, and restricted cash, end of period $ 625,946 $ 1,362,452 $ 306,895