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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Activities    
Net income $ 214,726 $ 99,140
Adjustments:    
Depreciation and amortization 235,749 210,764
Net deferred income tax expense 610 827
Gain on derivative instruments not designated as hedges (13,812) (14,455)
Share-based compensation expense 17,262 5,765
Equity investment income (11,880) (21,026)
Amortization of debt issuance costs 13,256 12,365
Gain on sale of property and equipment (30,902) 0
Changes in operating assets and liabilities:    
(Increase) decrease in trade and other receivables, net (828) 10,094
Decrease in inventories 5,391 274
Increase in prepaid expenses and other assets (32,083) (54,441)
Increase in accounts payable 56,373 68,515
Increase in accrued interest 45,206 42,564
Decrease in accrued expenses and other liabilities (57,344) (54,871)
Increase in customer deposits 333,735 178,316
Dividends received from unconsolidated affiliates 27,997 791
Other, net (6,930) (6,726)
Net cash provided by operating activities 796,526 477,896
Investing Activities    
Purchases of property and equipment (122,783) (249,840)
Cash received on settlement of derivative financial instruments 13,812 13,101
Cash received on loans to unconsolidated affiliates 5,011 7,104
Proceeds from the sale of property and equipment 230,000 0
Other, net (2,440) (7,111)
Net cash provided by (used in) investing activities 123,600 (236,746)
Financing Activities    
Debt proceeds 1,006,000 1,519,000
Debt issuance costs (10,383) (22,566)
Repayments of debt (1,840,402) (1,382,270)
Purchases of treasury stock 0 (200,040)
Dividends paid (102,942) (162,890)
Proceeds from exercise of common stock options 2,100 1,345
Other, net 1,233 659
Net cash used in financing activities (944,394) (246,762)
Effect of exchange rate changes on cash 974 1,407
Net decrease in cash and cash equivalents (23,294) (4,205)
Cash and cash equivalents at beginning of period 132,603 121,565
Cash and cash equivalents at end of period 109,309 117,360
Cash paid during the period for:    
Interest, net of amount capitalized $ 24,296 $ 18,670