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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
OPERATING ACTIVITIES:      
Net income $ 268,013 $ 328,146 $ 313,084
Adjustments to reconcile net income to net cash provided by operating activities:      
Stock compensation expense 21,750 17,773 17,457
Excess tax benefit of stock options exercised (16,897) (17,906) (17,153)
Depreciation 81,914 71,924 61,341
Amortization 45,498 32,692 27,067
Deferred income taxes (10,294) 16,550 30,930
Other, net 7,467 8,932 1,103
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures:      
Accounts receivable (55,890) (34,116) (54,767)
Accounts payable 26,366 (5,712) 7
Accrued liabilities 26,060 21,279 4,547
Deferred revenues (4,615) 1,017 (1,319)
Other assets and liabilities 956 7,921 23,010
Net cash provided by operating activities 390,328 448,500 405,307
INVESTING ACTIVITIES:      
Payments for acquisitions, net of cash acquired (2,419,437) (374,321) (161,936)
Proceeds from/ (purchases of) investments 294 (1,957) 73
Capital expenditures (114,761) (86,496) (73,109)
Net cash used in investing activities (2,533,904) (462,774) (234,972)
FINANCING ACTIVITIES:      
Repayments of long-term debt and other obligations (93,172) (101,231) (88,507)
Proceeds from foreign bank debt 53,747 205,086 218,968
Repayments of foreign bank debt (87,308) (193,284) (201,967)
Proceeds from term loan 1,550,000 0 0
Repayment of term loan (300,000) 0 0
Proceeds from private placement of long-term note 600,000 0 0
Repayments of private placement of long-term note (100,000) 0 0
Proceeds from senior credit facility 1,907,402 1,413,026 1,029,718
Repayments of senior credit facility (2,004,385) (1,216,031) (984,979)
Payments of capital lease obligations (3,865) (5,826) (4,024)
Payments of deferred financing costs (9,903) (2,280) 0
Payment of cash flow hedge (8,833) 0 0
Purchases and cancellations of treasury stock (130,576) (194,066) (163,700)
Proceeds from issuance of mandatory convertible preferred stock 746,900 0 0
Dividends paid on mandatory convertible preferred stock (10,106) 0 0
Proceeds from issuance of common stock 60,124 51,852 42,345
Excess tax benefit of stock options exercised 16,897 17,906 17,153
Payments to noncontrolling interests (5,714) (5,201) (1,026)
Net cash provided by/ (used in) financing activities 2,181,208 (30,049) (136,019)
Effect of exchange rate changes on cash and cash equivalents (4,234) (608) (1,809)
Net increase/ (decrease) in cash and cash equivalents 33,398 (44,931) 32,507
Cash and cash equivalents at beginning of period 22,236 67,167 34,660
Cash and cash equivalents at end of period 55,634 22,236 67,167
NON-CASH ACTIVITIES:      
Issuances of obligations for acquisitions 80,189 145,938 100,101
Issuances of obligations for noncontrolling interest $ 0 $ 0 $ 6,119