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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net income $ 451,959 $ 406,815 $ 296,007
Adjustments to reconcile net income to net cash provided by operating activities —      
Depreciation 225,256 218,107 202,519
Amortization of intangible assets 76,704 62,091 43,994
Asset impairment charges 8,282 13,892 49,375
Impairment of cost method investment 9,311 0 0
Change in fair value of contingent consideration liabilities 719 13,404 (11,248)
Equity in (earnings) losses of unconsolidated affiliates (1,309) (76,801) 52,867
Amortization of debt discount and issuance costs 5,126 1,870 1,270
(Gain) loss on sale of property and equipment (3,056) (5,797) 3,296
Provision for credit losses 3,656 11,249 7,169
Deferred income tax expense (benefit) (60,016) (7,919) 61,974
Non-cash stock-based compensation 91,641 52,013 52,484
Foreign currency and other (gain) loss and other non-cash items (5,159) (5,568) (385)
Payments for contingent consideration liabilities (14,506) 0 0
Changes in operating assets and liabilities, net of non-cash transactions 327,369 (156,805) (400,533)
Net cash provided by operating activities 1,115,977 526,551 358,789
Cash Flows from Investing Activities:      
Capital expenditures (260,052) (261,762) (293,595)
Proceeds from sale of property and equipment 35,390 31,142 31,780
Proceeds from insurance settlements related to property and equipment 542 1,964 714
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired (292,573) (387,966) (94,917)
Proceeds from disposition of businesses 18,785 0 0
Investments in unconsolidated affiliates and other entities (14,856) (47,056) (36,909)
Cash received from investments in unconsolidated affiliates and other entities 13,963 46,590 4,705
Cash paid for intangible assets (522) (508) (14,448)
Net cash used in investing activities (499,323) (617,596) (402,670)
Cash Flows from Financing Activities:      
Borrowings under credit facility 2,983,529 6,175,558 4,491,782
Payments under credit facility (4,187,645) (5,903,069) (4,076,460)
Proceeds from notes offering 990,130 0 0
Payments on other long-term debt (2,970) (2,203) (1,298)
Net borrowings (repayments) of short-term debt (4,846) (28,292) 33,790
Debt issuance and amendment costs (11,089) (2,309) (1,976)
Payments for contingent consideration liabilities (61,483) 0 0
Distributions to non-controlling interests, net of contributions received (5,404) (2,526) (4,038)
Payments related to tax withholding for share-based compensation (25,447) (16,144) (15,218)
Payments of dividends (28,891) (23,236) 0
Repurchase of common stock (247,249) (20,092) (443,152)
Net cash provided by (used in) financing activities (601,365) 177,687 (16,570)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 1,774 (153) (68)
Net increase (decrease) in cash, cash equivalents and restricted cash 17,063 86,489 (60,519)
Cash, cash equivalents and restricted cash, beginning of year 169,745 83,256 143,775
Cash, cash equivalents and restricted cash, end of year $ 186,808 $ 169,745 $ 83,256