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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 136,209 $ 92,580
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 196,443 163,680
Amortization of financing costs and discounts 21,295 21,393
Non-cash operating lease costs 8,366 15,686
Share-based compensation 19,119 18,643
Provision for doubtful accounts 7,934 9,508
Deferred income taxes, net 2,537 7,815
Loss (gain) on sale of businesses 21,798 (17,122)
Lease asset impairments 9,410 9,786
Goodwill impairment on business 32,629 0
Changes in fair value of contingent consideration (567) (243)
Foreign currency remeasurement gain 181 (15,919)
(Income) loss from equity method investments (16,596) 10,799
Loss on equity and debt investments 16,677 20,826
Decrease (increase) in:    
Accounts receivable 49,888 57,560
Prepaid expenses and other current assets (10,610) (3,279)
Other assets (2,378) 543
Increase (decrease) in:    
Accounts payable and accrued expenses (1,409) (26,430)
Income taxes payable (37,863) (496)
Deferred revenue 4,774 (10,494)
Operating lease liabilities (19,346) (12,857)
Liability for uncertain tax positions (2,903) 7,746
Other long-term liabilities (5,336) 6,284
Net cash provided by operating activities 430,252 356,009
Cash flows from investing activities:    
Proceeds on sale of available-for-sale investments 663 0
Distribution from equity method investment 15,327 0
Purchases of equity method investment (22,249) (29,979)
Purchases of equity investments (999) (843)
Purchases of property and equipment (87,495) (71,266)
Proceeds from sale of assets 0 507
Acquisition of businesses, net of cash received (112,444) (27,156)
Proceeds from sale of businesses, net of cash divested 48,876 24,353
Purchases of intangible assets (1,255) (2,902)
Net cash used in investing activities (159,576) (107,286)
Cash flows from financing activities:    
Payment of debt (402,414) 0
Payment of note payable 0 (400)
Proceeds from bridge loan 485,000 0
Repurchase of common stock (29,855) (238,905)
Issuance of common stock under employee stock purchase plan 4,232 3,303
Exercise of stock options 2,880 952
Deferred payments for acquisitions (13,387) (20,427)
Other (6,619) (1,377)
Net cash provided by (used in) financing activities 39,837 (256,854)
Effect of exchange rate changes on cash and cash equivalents (6,698) 446
Net change in cash and cash equivalents 303,815 (7,685)
Cash and cash equivalents at beginning of period 242,652 575,615
Cash and cash equivalents at end of period $ 546,467 $ 567,930