XML 50 R5.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 146,912 $ 117,968
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 107,768 116,114
Asset impairments 4,706 1,580
Amortization of debt issuance costs and other non-cash interest 2,566 2,562
Expenses associated with debt refinancing transactions   1,016
Deferred income taxes (4,004) (1,495)
Non-cash revenue and other income (8,594) (11,571)
Non-cash equity compensation 12,715 9,758
Other expenses and non-cash items 9,135 5,476
Changes in assets and liabilities, net:    
Accounts receivable, prepaid expenses and other assets (8,014) 15,318
Accounts payable, accrued expenses and other liabilities 41,110 29,504
Income taxes payable (228) (1,659)
Net cash provided by operating activities 304,072 284,571
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for facility development and expansions (122,078) (35,750)
Expenditures for other capital improvements (35,635) (44,144)
Acquisitions, net of cash acquired (39,290) (161,057)
Proceeds from sale of assets 4,291 12,606
Increase in other assets (5,342) (2,291)
Net cash used in investing activities (198,054) (230,636)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of debt and borrowings from credit facility 428,564 690,863
Scheduled principal repayments (9,937) (4,959)
Other principal repayments of debt (358,000) (523,500)
Payment of debt issuance and other refinancing and related costs (115) (6,033)
Payment of lease obligations for financing leases (403) (2,679)
Contingent consideration for acquisition of businesses (7,398) (1,500)
Dividends paid (157,133) (153,019)
Purchase and retirement of common stock (3,530) (2,544)
Proceeds from exercise of stock options 875 1,981
Net cash used in financing activities (107,077) (1,390)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (1,059) 52,545
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 74,137 52,183
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 73,078 104,728
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Debt assumed on acquisition of property   157,280
Establishment of right of use assets and lease liabilities 104,720  
Cash paid during the period for:    
Interest (net of amounts capitalized of $4.3 million and $0.4 million in 2019 and 2018, respectively) 47,937 38,155
Income taxes paid $ 12,253 $ 9,288