XML 27 R6.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net income (loss) $ 152,337 $ (360,225) $ 97,781
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Goodwill impairment 0 379,863 0
Depreciation 74,879 58,818 43,724
Amortization of intangible assets 32,155 6,226 3,543
Share-based compensation expense 11,833 19,143 22,782
Change in debt discounts and deferred debt issuance costs 20,153 13,207 12,072
Deferred income taxes 48,253 (71,609) (449)
Gain on remeasurement of investment in joint venture 0 (37,792) 0
(Gain) loss on sale of property and equipment (1,673) (4,688) 402
Changes in other components of working capital, net of balances acquired (169,976) 131,257 (156,844)
Other long-term liabilities 4,352 1,863 (2,007)
Other, net 459 467 398
NET CASH PROVIDED BY OPERATING ACTIVITIES 172,772 136,530 21,402
Cash Flows from Investing Activities:      
Business acquisition, cash balance acquired net of cash paid 0 6,607 0
Acquisition of property and equipment (54,781) (84,196) (77,069)
Proceeds from sale of property and equipment 14,550 12,581 6,387
Investments in securities (31,331) (35,167) (20,848)
Proceeds from maturities and sales of investments in securities 25,204 24,120 21,322
NET CASH USED IN INVESTING ACTIVITIES (46,358) (76,055) (70,208)
Cash Flows from Financing Activities:      
Proceeds from debt 1,301,282 931,594 1,753,160
Repayment of debt (1,119,887) (870,277) (1,738,314)
Business acquisition related payment 0 0 (15,951)
Cash payments related to share-based compensation (1,397) (2,363) (2,671)
Distributions paid to noncontrolling interests (48,467) (46,500) (29,000)
Contributions from noncontrolling interests 3,000 9,813 3,797
Debt issuance, extinguishment and modification costs (11,194) (504) 0
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 123,337 21,763 (28,979)
Net increase (decrease) in cash, cash equivalents and restricted cash 249,751 82,238 (77,785)
Cash, cash equivalents and restricted cash at beginning of year 202,101 119,863 197,648
Cash, cash equivalents and restricted cash at end of year $ 451,852 $ 202,101 $ 119,863