XML 59 R5.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net Income (Loss) $ 414,400 $ (1,688,724)
Adjustments:    
Depreciation and amortization 721,450 691,009
Net deferred income tax benefit (6,139) (9,205)
(Gain) loss on derivative instruments not designated as hedges (11,675) 87,245
Share-based compensation expense 65,721 10,134
Equity investment (income) loss (62,485) 44,238
Amortization of debt issuance costs, discounts and premiums 58,144 84,734
Loss on extinguishment of debt 43,518 0
Changes in operating assets and liabilities:    
Decrease (increase) in trade and other receivables, net 131,865 (201,605)
Decrease (increase) in inventories 8,101 (78,884)
Increase in prepaid expenses and other assets (139,249) (168,948)
Increase in accounts payable trade 30,287 221,746
(Decrease) increase in accrued liabilities (62,957) 16,818
Increase in customer deposits 1,508,345 1,007,876
Other, net 1,939 (66,641)
Net cash provided by (used in) operating activities 2,701,265 (50,207)
Investing Activities    
Purchases of property and equipment (1,048,389) (2,317,747)
Cash received on settlement of derivative financial instruments 17,581 36,073
Cash paid on settlement of derivative financial instruments (13,960) (265,047)
Cash received on loans to unconsolidated affiliates 10,939 8,700
Other, net 11,680 10,474
Net cash used in investing activities (1,022,149) (2,527,547)
Financing Activities    
Debt proceeds 1,208,177 3,831,566
Debt issuance costs (52,610) (133,946)
Repayments of debt (4,249,101) (1,706,807)
Proceeds from sale of noncontrolling interest 209,320 0
Other, net (3,928) (11,050)
Net cash (used in) provided by financing activities (2,888,142) 1,979,763
Effect of exchange rate changes on cash and cash equivalents 445 (1,574)
Net decrease in cash and cash equivalents (1,208,581) (599,565)
Cash and cash equivalents at beginning of period 1,935,005 2,701,770
Cash and cash equivalents at end of period 726,424 2,102,205
Cash paid during the period for:    
Interest, net of amount capitalized 560,023 425,119
Non-cash Investing Activities    
Purchase of property and equipment included in accounts payable and accrued expenses and other liabilities $ 17,790 $ 33,189