PARENT-ONLY FINANCIAL STATEMENTS (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
PARENT-ONLY FINANCIAL STATEMENTS |
|
Schedule of balance sheets |
Balance Sheets
|
|
December 31,
|
|
|
|
2015
|
|
2014
|
|
|
|
(In thousands)
|
|
Assets:
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
103,998
|
|
$
|
533
|
|
Investment in subsidiaries
|
|
7,373,217
|
|
6,731,287
|
|
Intercompany receivables
|
|
174,818
|
|
378,562
|
|
Other assets
|
|
142,197
|
|
148,240
|
|
|
|
|
|
|
|
Total assets
|
|
$
|
7,794,230
|
|
$
|
7,258,622
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
Current debt
|
|
$
|
332,500
|
|
$
|
99,375
|
|
Long-term debt
|
|
4,660,270
|
|
4,001,082
|
|
Intercompany payables
|
|
—
|
|
—
|
|
Other liabilities
|
|
791,430
|
|
761,785
|
|
|
|
|
|
|
|
Total liabilities
|
|
5,784,200
|
|
4,862,242
|
|
Stockholders’ equity
|
|
2,010,030
|
|
2,396,380
|
|
|
|
|
|
|
|
Total liabilities and stockholders’ equity
|
|
$
|
7,794,230
|
|
$
|
7,258,622
|
|
|
|
|
|
|
|
|
|
|
Schedule of statements of income |
Statements of Income
|
|
Years Ended December 31,
|
|
|
|
2015
|
|
2014
|
|
2013
|
|
|
|
(In thousands)
|
|
Interest from loans to subsidiaries
|
|
$
|
9,986
|
|
$
|
9,988
|
|
$
|
10,065
|
|
Dividends from subsidiaries
|
|
209,207
|
|
194,441
|
|
68,544
|
|
|
|
|
|
|
|
|
|
Total revenue
|
|
219,193
|
|
204,429
|
|
78,609
|
|
|
|
|
|
|
|
|
|
Interest expense, net
|
|
177,177
|
|
129,831
|
|
184,727
|
|
Other expenses, net
|
|
15,834
|
|
17,867
|
|
1,240
|
|
|
|
|
|
|
|
|
|
Total expenses
|
|
193,011
|
|
147,698
|
|
185,967
|
|
|
|
|
|
|
|
|
|
Income (loss) before income taxes and equity in undistributed net income of subsidiaries
|
|
26,182
|
|
56,731
|
|
(107,358
|
)
|
Benefit for income taxes
|
|
70,224
|
|
36,615
|
|
32,909
|
|
|
|
|
|
|
|
|
|
Income (loss) before equity in undistributed net income of subsidiaries
|
|
96,406
|
|
93,346
|
|
(74,449
|
)
|
Equity in undistributed net income of subsidiaries
|
|
509,022
|
|
422,794
|
|
570,619
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
605,428
|
|
$
|
516,140
|
|
$
|
496,170
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Schedule of statements of cash flows |
Statements of Cash Flows
|
|
Years Ended December 31,
|
|
|
|
2015
|
|
2014
|
|
2013
|
|
|
|
(In thousands)
|
|
Net cash provided by (used in) operating activities
|
|
$
|
131,706
|
|
$
|
(318,116
|
)
|
$
|
144,841
|
|
Investing activities:
|
|
|
|
|
|
|
|
Payments for acquired businesses, net of cash acquired
|
|
—
|
|
(1,003,237
|
)
|
—
|
|
Repayment of loans to subsidiaries
|
|
—
|
|
112,903
|
|
—
|
|
Loans to subsidiaries
|
|
—
|
|
—
|
|
(112,903
|
)
|
Investment in subsidiaries
|
|
(205,864
|
)
|
(15,000
|
)
|
—
|
|
Dividends received
|
|
209,207
|
|
194,441
|
|
68,544
|
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) investing activities
|
|
3,343
|
|
(710,893
|
)
|
(44,359
|
)
|
|
|
|
|
|
|
|
|
Financing activities:
|
|
|
|
|
|
|
|
Borrowings under debt agreements
|
|
2,971,027
|
|
3,358,000
|
|
1,985,000
|
|
Repayments of borrowings
|
|
(2,083,375
|
)
|
(1,725,563
|
)
|
(1,300,241
|
)
|
Proceeds from convertible note hedge counterparties
|
|
—
|
|
1,519,833
|
|
1,056,307
|
|
Settlement of convertible note borrowings
|
|
—
|
|
(1,864,803
|
)
|
(1,861,289
|
)
|
Excess tax benefits from stock-based compensation
|
|
20,134
|
|
34,159
|
|
17,267
|
|
Payment of deferred financing costs
|
|
(5,823
|
)
|
(36,269
|
)
|
(12,784
|
)
|
Purchase of treasury shares
|
|
(951,550
|
)
|
(286,618
|
)
|
(231,085
|
)
|
Proceeds from issuance of common stock
|
|
18,003
|
|
17,063
|
|
14,090
|
|
Other
|
|
—
|
|
(1,476
|
)
|
(9
|
)
|
|
|
|
|
|
|
|
|
Net cash (used in) provided by financing activities
|
|
(31,584
|
)
|
1,014,326
|
|
(332,744
|
)
|
|
|
|
|
|
|
|
|
Change in cash and cash equivalents
|
|
103,465
|
|
(14,683
|
)
|
(232,262
|
)
|
Cash and cash equivalents at beginning of year
|
|
533
|
|
15,216
|
|
247,478
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents at end of year
|
|
$
|
103,998
|
|
$
|
533
|
|
$
|
15,216
|
|
|
|
|
|
|
|
|
|
|
|
|
|