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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Activities    
Net income $ 684,948 $ 584,252
Adjustments:    
Depreciation and amortization 493,606 470,686
Impairment losses 33,651 0
Net deferred income tax (benefit) expense (893) 1,084
Gain (loss) on derivative instruments not designated as hedges 29,750 (34,988)
Share-based compensation expense 31,819 35,379
Equity investment income (73,063) (35,239)
Amortization of debt issuance costs 16,283 26,035
Gain on sale of property and equipment 0 (30,902)
Gain on sale of unconsolidated affiliate (13,680) 0
Recognition of deferred gain (21,794) 0
Changes in operating assets and liabilities:    
Decrease in trade and other receivables, net 16,162 33,045
(Increase) decrease in inventories (10,485) 4,682
Increase in prepaid expenses and other assets (152,626) (36,931)
Increase in accounts payable 58,842 69,634
Increase in accrued interest 13,706 5,486
Decrease in accrued expenses and other liabilities (71,254) (47,189)
Increase in customer deposits 740,420 563,546
Dividends received from unconsolidated affiliates 158,942 57,402
Other, net (2,748) (6,702)
Net cash provided by operating activities 1,931,586 1,659,280
Investing Activities    
Purchases of property and equipment (2,212,880) (271,541)
Cash received on settlement of derivative financial instruments 69,195 34,866
Cash paid on settlement of derivative financial instruments (34,898) 0
Cash received on loans to unconsolidated affiliates 37,607 23,487
Proceeds from the sale of property and equipment 0 230,000
Proceeds from the sale of unconsolidated affiliate 13,215 0
Other, net (13,220) (9,144)
Net cash (used in) provided by investing activities (2,140,981) 7,668
Financing Activities    
Debt proceeds 3,929,322 2,236,000
Debt issuance costs (48,535) (14,575)
Repayments of debt (3,029,944) (3,689,890)
Purchases of treasury stock (369,476) 0
Dividends paid (254,645) (206,039)
Proceeds from exercise of common stock options 4,062 2,385
Other, net (16,827) 2,626
Net cash provided by (used in) financing activities 213,957 (1,669,493)
Effect of exchange rate changes on cash (15,676) 419
Net decrease in cash and cash equivalents (11,114) (2,126)
Cash and cash equivalents at beginning of period 120,112 132,603
Cash and cash equivalents at end of period 108,998 130,477
Cash paid during the period for:    
Interest, net of amount capitalized $ 114,061 $ 125,007