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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating Activities    
Net income $ 329,045 $ 230,197
Adjustments:    
Depreciation and amortization 432,384 406,936
Net deferred income tax expense 348 2,534
Loss on derivative instruments not designated as hedges 3,979 16,902
Changes in operating assets and liabilities:    
Decrease in trade and other receivables, net 33,929 54,272
Decrease (increase) in inventories 1,394 (17,523)
Increase in prepaid expenses and other assets (47,056) (58,722)
Increase in accounts payable 41,173 14,668
Increase in accrued interest 9,090 4,998
Increase (decrease) in accrued expenses and other liabilities 21,839 (39,474)
Increase in customer deposits 467,539 405,752
Dividends received from unconsolidated affiliates 23,878 3,981
Other, net (46,630) 15,824
Net cash provided by operating activities 1,270,912 1,040,345
Investing Activities    
Purchases of property and equipment (2,047,195) (1,151,616)
Cash paid on settlement of derivative financial instruments (161,307) (118,521)
Investments in and loans to unconsolidated affiliates 0 (54,250)
Cash received on loans to unconsolidated affiliates 14,923 120,297
Other, net (18,871) (12,482)
Net cash used in investing activities (2,212,450) (1,216,572)
Financing Activities    
Debt proceeds 5,300,561 2,376,001
Debt issuance costs (70,406) (41,171)
Repayments of debt (3,738,905) (1,992,232)
Purchases of treasury stock (250,051) 0
Dividends paid (243,557) (197,718)
Proceeds from exercise of common stock options 1,512 5,067
Other, net 1,309 1,156
Net cash provided by financing activities 1,000,463 151,103
Effect of exchange rate changes on cash 9,195 (4,757)
Net increase (decrease) in cash and cash equivalents 68,120 (29,881)
Cash and cash equivalents at beginning of period 121,565 189,241
Less: Cash and cash equivalents attributed to assets held for sale (14,521) 0
Cash and cash equivalents at end of period 175,164 159,360
Cash paid during the period for:    
Interest, net of amount capitalized 116,531 120,089
Non-Cash Investing Activities    
Notes receivable issued upon sale of property and equipment $ 213,042 $ 0