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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 826,062 $ 499,685
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation & amortization 438,050 422,560
Gain on sale of assets and businesses (5,124) (6,250)
Costs related to extinguishment of debt 3,158 0
Stock-based compensation expense 72,727 65,702
Changes in assets & liabilities, net of effects from acquisitions and dispositions:    
Accounts receivable 11,703 (193,108)
Accrued interest (1,762) 60
Accrued and deferred income taxes (10,949) (33,240)
Other working capital accounts 1,329 (65,062)
Medicare accelerated payments and deferred CARES Act and other grants 0 1,764
Other assets and deferred charges (5,621) 48,985
Other 25,732 13,717
Accrued insurance expense, net of commercial premiums paid 175,104 141,414
Payments made in settlement of self-insurance claims (121,745) (80,861)
Net cash provided by operating activities 1,408,664 815,366
Cash Flows from Investing Activities:    
Property and equipment additions (697,865) (536,665)
Proceeds received from sales of assets and businesses 30,219 23,688
Acquisition of businesses and property 0 (3,728)
Outflows from foreign exchange contracts that hedge our net U.K. investment (35,667) (7,723)
Decrease in capital reserves of commercial insurance subsidiary 197 0
Net cash used in investing activities (703,116) (524,428)
Cash Flows from Financing Activities:    
Repayments of long-term debt (2,471,515) (54,009)
Additional borrowings, net 2,210,248 165,000
Financing costs (9,992) (308)
Repurchase of common shares (420,588) (385,339)
Dividends paid (40,302) (41,964)
Issuance of common stock 10,864 9,841
Profit distributions to noncontrolling interests (5,791) (5,258)
Sale of ownership interests to minority members 8,959 408
Net cash used in financing activities (718,117) (311,629)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 2,696 493
Decrease in cash, cash equivalents and restricted cash (9,873) (20,198)
Cash, cash equivalents and restricted cash, beginning of period 214,470 200,837
Cash, cash equivalents and restricted cash, end of period 204,597 180,639
Supplemental Disclosures of Cash Flow Information:    
Interest paid 144,378 149,247
Income taxes paid, net of refunds 236,975 191,189
Noncash purchases of property and equipment $ 87,333 $ 108,412