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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net income $ 584,252 $ 329,045
Adjustments:    
Depreciation and amortization 470,686 432,384
Net deferred income tax expense 1,084 348
(Gain) loss on derivative instruments not designated as hedges (34,988) 3,979
Share-based compensation expense 35,379 13,330
Equity investment income (35,239) (48,292)
Amortization of debt issuance costs 26,035 25,847
Gain on sale of property and equipment (30,902) 0
Changes in operating assets and liabilities:    
Decrease in trade and other receivables, net 33,045 33,929
Decrease in inventories 4,682 1,394
Increase in prepaid expenses and other assets (36,931) (54,725)
Increase in accounts payable 69,634 41,173
Increase in accrued interest 5,486 9,090
(Decrease) increase in accrued expenses and other liabilities (47,189) 18,321
Increase in customer deposits 563,546 467,539
Dividends received from unconsolidated affiliates 57,402 23,878
Other, net (6,702) (26,328)
Net cash provided by operating activities 1,659,280 1,270,912
Investing Activities    
Purchases of property and equipment (271,541) (2,047,195)
Cash received (paid) on settlement of derivative financial instruments 34,866 (161,307)
Cash received on loans to unconsolidated affiliates 23,487 14,923
Proceeds from the sale of property and equipment 230,000 0
Other, net (9,144) (18,871)
Net cash provided by (used in) investing activities 7,668 (2,212,450)
Financing Activities    
Debt proceeds 2,236,000 5,300,561
Debt issuance costs (14,575) (70,406)
Repayments of debt (3,689,890) (3,738,905)
Purchases of treasury stock 0 (250,051)
Dividends paid (206,039) (243,557)
Proceeds from exercise of common stock options 2,385 1,512
Other, net 2,626 1,309
Net cash (used in) provided by financing activities (1,669,493) 1,000,463
Effect of exchange rate changes on cash 419 9,195
Net (decrease) increase in cash and cash equivalents (2,126) 68,120
Cash and cash equivalents at beginning of period 132,603 121,565
Less: Cash and cash equivalents attributed to assets held for sale 0 (14,521)
Cash and cash equivalent at end of period 130,477 175,164
Cash paid during the period for:    
Interest, net of amount capitalized 125,007 116,531
Non-cash Investing Activities    
Notes receivable issued upon sale of property and equipment $ 0 $ 213,042