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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Activities    
Net income $ 218,653 $ 214,726
Adjustments:    
Depreciation and amortization 240,230 235,749
Impairment loss related to Skysea Holding 23,343 0
Net deferred income tax (benefit) expense (1,504) 610
Gain on derivative instruments not designated as hedges (7,810) (13,812)
Share-based compensation expense 20,164 17,262
Equity investment income (28,752) (11,880)
Amortization of debt issuance costs 10,108 13,256
Gain on sale of property and equipment 0 (30,902)
Changes in operating assets and liabilities:    
Increase in trade and other receivables, net (10,181) (828)
Decrease in inventories 567 5,391
Increase in prepaid expenses and other assets (89,725) (32,083)
Increase in accounts payable 110,467 56,373
Increase in accrued interest 42,919 45,206
Decrease in accrued expenses and other liabilities (109,136) (57,344)
Increase in customer deposits 477,878 333,735
Dividends received from unconsolidated affiliates 37,918 27,997
Other, net (11,017) (6,930)
Net cash provided by operating activities 924,122 796,526
Investing Activities    
Purchases of property and equipment (1,720,232) (122,783)
Cash received on settlement of derivative financial instruments 64,487 13,812
Cash received on loans to unconsolidated affiliates 13,953 5,011
Proceeds from the sale of property and equipment 0 230,000
Other, net (3,353) (2,440)
Net cash (used in) provided by investing activities (1,645,145) 123,600
Financing Activities    
Debt proceeds 2,544,737 1,006,000
Debt issuance costs (41,344) (10,383)
Repayments of debt (1,394,222) (1,840,402)
Purchases of treasury stock (275,038) 0
Dividends paid (127,840) (102,942)
Proceeds from exercise of common stock options 3,863 2,100
Other, net 1,697 1,233
Net cash provided by (used in) financing activities 711,853 (944,394)
Effect of exchange rate changes on cash 303 974
Net decrease in cash and cash equivalents (8,867) (23,294)
Cash and cash equivalents at beginning of period 120,112 132,603
Cash and cash equivalents at end of period 111,245 109,309
Cash paid during the period for:    
Interest, net of amount capitalized $ 16,953 $ 24,296