XML 55 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income $ 230,197 $ 164,130
Adjustments:    
Depreciation and amortization 406,936 386,615
Net deferred income tax expense 2,534 2,934
Loss (gain) on derivative instruments not designated as hedges 16,902 (10,841)
Changes in operating assets and liabilities:    
Decrease in trade and other receivables, net 54,272 15,903
(Increase) decrease in inventories (17,523) 7,777
Increase in prepaid expenses and other assets (58,722) (35,799)
Increase (decrease) in accounts payable 14,668 (41,228)
Increase (decrease) in accrued interest 4,998 (59,019)
(Decrease) increase in accrued expenses and other liabilities (39,474) 45,730
Increase in customer deposits 405,752 388,693
Other, net 19,805 16,034
Net cash provided by operating activities 1,040,345 880,929
Investing Activities    
Purchases of property and equipment (1,151,616) (342,472)
Cash (paid) received on settlement of derivative financial instruments (118,521) 18,096
Investments in and loans to unconsolidated affiliates (54,250) (68,885)
Cash received on loans to unconsolidated affiliates 120,297 66,138
Other, net (12,482) 1,280
Net cash used in investing activities (1,216,572) (325,843)
Financing Activities    
Debt proceeds 2,376,001 1,846,200
Debt issuance costs (41,171) (33,627)
Repayments of debt (1,992,232) (2,334,396)
Dividends paid (197,718) (131,857)
Proceeds from exercise of common stock options 5,067 54,938
Cash received on settlement of derivative financial instruments 0 22,835
Other, net 1,156 941
Net cash provided by (used in) financing activities 151,103 (574,966)
Effect of exchange rate changes on cash (4,757) 455
Net decrease in cash and cash equivalents (29,881) (19,425)
Cash and cash equivalents at beginning of period 189,241 204,687
Cash and cash equivalents at end of period 159,360 185,262
Cash paid during the period for:    
Interest, net of amount capitalized $ 120,089 $ 173,470