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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 82,141 $ 146,912
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 114,436 107,768
Asset impairments 13,058 4,706
Amortization of debt issuance costs and other non-cash interest 4,136 2,566
Deferred income taxes 4,475 (4,004)
Non-cash revenue and other income (7,673) (8,594)
Non-cash equity compensation 13,011 12,715
Other expenses and non-cash items 5,706 9,135
Changes in assets and liabilities, net:    
Accounts receivable, prepaid expenses and other assets 15,179 (8,014)
Accounts payable, accrued expenses and other liabilities 36,519 41,110
Income taxes payable 525 (228)
Net cash provided by operating activities 281,513 304,072
CASH FLOWS FROM INVESTING ACTIVITIES:    
Expenditures for facility development and expansions (26,566) (122,078)
Expenditures for other capital improvements (33,545) (35,635)
Acquisitions, net of cash acquired (8,849) (39,290)
Proceeds from sale of assets 13,321 4,291
Increase in other assets (7,751) (5,342)
Net cash used in investing activities (63,390) (198,054)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of debt and borrowings from credit facility 374,000 428,564
Scheduled principal repayments (23,669) (9,937)
Principal repayments of credit facility (283,000) (358,000)
Payment of debt issuance and other refinancing and related costs (903) (115)
Payment of lease obligations for financing leases (407) (403)
Contingent consideration for acquisition of businesses   (7,398)
Dividends paid (105,973) (157,133)
Purchase and retirement of common stock (3,575) (3,530)
Proceeds from exercise of stock options   875
Net cash used in financing activities (43,527) (107,077)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 174,596 (1,059)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 119,093 74,137
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 293,689 73,078
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Debt assumed on acquisition of property portfolio 52,217  
Establishment of right of use assets and lease liabilities 116,092 104,720
Cash paid during the period for:    
Interest (net of amounts capitalized of $0.5 million and $4.3 million in 2020 and 2019, respectively) 56,430 47,937
Income taxes paid $ 1,252 $ 12,253