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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Operating Activities          
Net Loss     $ (1,688,724) $ (2,478,977)  
Adjustments:          
Depreciation and amortization $ 351,542 $ 323,439 691,009 633,605  
Impairment and credit losses (recoveries) (10,943) 40,621 (10,770) 40,172  
Net deferred income tax benefit     (9,205) (8,450)  
Loss (gain) on derivative instruments not designated as hedges     87,245 (16,163)  
Share-based compensation expense     10,134 35,562  
Equity investment loss 13,179 48,088 44,238 107,959  
Amortization of debt issuance costs     77,008 72,500  
Amortization of debt discounts and premiums     7,726 56,609  
Gain on extinguishment of debt     0 (3,156)  
Changes in operating assets and liabilities:          
Increase in trade and other receivables, net     (201,605) (180,562)  
Increase in inventories     (78,884) (17,191)  
Increase in prepaid expenses and other assets     (168,948) (75,213)  
Increase in accounts payable     221,746 38,073  
Increase in accrued interest     49,655 17,675  
Decrease in accrued expenses and other liabilities     (32,837) (123,028)  
Increase in customer deposits     1,007,876 629,285  
Other, net     (55,871) 1,746  
Net cash used in operating activities     (50,207) (1,269,554)  
Investing Activities          
Purchases of property and equipment     (2,317,747) (1,286,175)  
Cash received on settlement of derivative financial instruments     36,073 24,766  
Cash paid on settlement of derivative financial instruments     (265,047) (34,121)  
Investments in and loans to unconsolidated affiliates     (614) (70,084)  
Cash received on loans to unconsolidated affiliates     8,700 20,127  
Proceeds from the sale of property and equipment and other assets     75 175,439  
Other, net     11,013 (13,627)  
Net cash used in investing activities     (2,527,547) (1,183,675)  
Financing Activities          
Debt proceeds     3,831,566 3,144,077  
Debt issuance costs     (133,946) (110,760)  
Repayments of debt     (1,706,807) (1,185,490)  
Repayments of commercial paper notes     0 (414,570)  
Proceeds from common stock issuances     0 1,621,860  
Other, net     (11,050) (36,125)  
Net cash provided by financing activities     1,979,763 3,018,992  
Effect of exchange rate changes on cash and cash equivalents     (1,574) 132  
Net (decrease) increase in cash and cash equivalents     (599,565) 565,895  
Cash and cash equivalents at beginning of period     2,701,770 3,684,474 $ 3,684,474
Cash and cash equivalents at end of period 2,102,205 4,250,369 2,102,205 4,250,369 $ 2,701,770
Cash paid during the period for:          
Interest, net of amount capitalized     425,119 382,461  
Non-cash Investing Activities          
Notes receivable issued upon sale of property and equipment and other assets $ 0 $ 16,000 0 16,000  
Purchase of property and equipment included in accounts payable and accrued expenses and other liabilities     $ 33,189 $ 33,207