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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income $ 25,105 $ 26,138
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 20,231 16,999
Amortization of intangible assets 6,643 5,812
Share-based compensation expense 2,448 4,244
Change in debt discounts and deferred debt issuance costs 2,017 3,486
Deferred income taxes 95 2,474
(Gain) loss on sale of property and equipment 20 (461)
Changes in other components of working capital (108,385) (90,884)
Other long-term liabilities 5,027 1,061
Other, net 95 (2,876)
NET CASH USED IN OPERATING ACTIVITIES (46,704) (34,007)
Cash Flows from Investing Activities:    
Acquisition of property and equipment (9,835) (11,693)
Proceeds from sale of property and equipment 457 583
Investments in securities (2,910) (9,696)
Proceeds from maturities and sales of investments in securities 6,870 6,211
NET CASH USED IN INVESTING ACTIVITIES (5,418) (14,595)
Cash Flows from Financing Activities:    
Proceeds from debt 74,251 348,688
Repayment of debt (75,939) (283,915)
Cash payments related to share-based compensation (1,236) (694)
Distributions paid to noncontrolling interests 0 (13,500)
Contributions from noncontrolling interests 4,000 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 1,076 50,579
Net increase (decrease) in cash, cash equivalents and restricted cash (51,046) 1,977
Cash, cash equivalents and restricted cash at beginning of period 451,852 202,101
Cash, cash equivalents and restricted cash at end of period $ 400,806 $ 204,078