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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities:    
Net income $ 162,375 $ 151,021
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation & amortization 141,621 143,784
(Gain) loss on sale of assets and businesses (295) 1,084
Stock-based compensation expense 20,964 19,055
Changes in assets & liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable (15,723) (15,073)
Accrued interest (662) 180
Accrued and deferred income taxes 46,576 47,548
Other working capital accounts (119,605) 63,308
Medicare accelerated payments and deferred CARES Act and other grants 136 250
Other assets and deferred charges 24,727 26,042
Other 7,030 (4,020)
Accrued insurance expense, net of commercial premiums paid 42,545 41,685
Payments made in settlement of self-insurance claims (18,936) (29,431)
Net cash provided by operating activities 290,753 445,433
Cash Flows from Investing Activities:    
Property and equipment additions (168,752) (200,002)
Proceeds received from sales of assets and businesses 9,259 10,232
Inflows from foreign exchange contracts that hedge our net U.K. investment (18,818) 20,710
Decrease in capital reserves of commercial insurance subsidiary 0 100
Net cash used in investing activities (178,311) (168,960)
Cash Flows from Financing Activities:    
Repayments of long-term debt (16,489) (11,966)
Additional borrowings, net 11,300 117,400
Financing costs (292)  
Repurchase of common shares (85,039) (365,505)
Dividends paid (14,214) (14,875)
Issuance of common stock 2,988 3,503
Profit distributions to noncontrolling interests (4,145) (5,289)
Sale of ownership interests from minority members 0 (1,307)
Net cash used in financing activities (105,891) (278,039)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1,650 (2,232)
Decrease in cash, cash equivalents and restricted cash 8,201 (3,798)
Cash, cash equivalents and restricted cash, beginning of period 200,837 178,934
Cash, cash equivalents and restricted cash, end of period 209,038 175,136
Supplemental Disclosures of Cash Flow Information:    
Interest paid 50,279 20,388
Income taxes paid, net of refunds 2,360 4,423
Noncash purchases of property and equipment $ 61,341 $ 90,730