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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities:        
Net income $ 137,022,000 $ 124,899,000 $ 286,516,000 $ 238,216,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities—        
Depreciation 55,562,000 51,543,000 161,589,000 150,296,000
Amortization of intangible assets 15,264,000 10,623,000 40,544,000 31,535,000
Change in fair value of contingent consideration liabilities 3,777,000 (1,394,000) 8,064,000 (7,673,000)
Equity in (earnings) losses of unconsolidated affiliates (1,931,000) 17,835,000 (64,078,000) 42,976,000
Amortization of debt issuance costs 466,000 287,000 1,282,000 863,000
(Gain) loss on sale of property and equipment (992,000) (340,000) (3,462,000) 1,605,000
Foreign currency (gain) loss 1,383,000 (168,000) 2,603,000 (237,000)
Provision for doubtful accounts 773,000 2,151,000 4,012,000 3,135,000
Deferred income tax provision (benefit) 4,167,000 (7,391,000) 48,298,000 6,114,000
Non-cash stock-based compensation 13,584,000 11,631,000 41,080,000 39,803,000
Bargain purchase gain 0 0 (3,138,000) 0
Changes in operating assets and liabilities, net of non-cash transactions (137,908,000) (170,572,000) (623,557,000) (285,016,000)
Net cash provided by (used in) operating activities 91,167,000 39,104,000 (100,247,000) 221,617,000
Cash Flows from Investing Activities:        
Capital expenditures (66,244,000) (74,144,000) (207,645,000) (222,735,000)
Proceeds from sale of property and equipment 4,854,000 5,642,000 24,247,000 18,635,000
Proceeds from insurance settlements related to property and equipment 490,000 145,000 501,000 510,000
Cash paid for acquisitions, net of cash, cash equivalents and restricted cash acquired (329,832,000) (48,683,000) (385,165,000) (94,917,000)
Investments in unconsolidated affiliates and other entities (1,065,000) (19,391,000) (38,995,000) (20,960,000)
Cash received from investments in unconsolidated affiliates and other entities 0 0 0 784,000
Cash paid for intangible assets 0 0 (67,000) (3,000,000)
Net cash used in investing activities (391,797,000) (136,431,000) (607,124,000) (321,683,000)
Cash Flows from Financing Activities:        
Borrowings under credit facility 2,118,501,000 855,831,000 4,834,014,000 2,893,224,000
Payments under credit facility (1,789,924,000) (743,162,000) (4,038,762,000) (2,605,092,000)
Payments on other long-term debt (1,356,000) (336,000) (1,839,000) (1,067,000)
Net repayments of short-term debt, net of borrowings (11,171,000) 7,124,000 (27,087,000) 20,066,000
Debt issuance and amendment costs (2,036,000) 0 (2,036,000) 0
Distributions to non-controlling interests (489,000) (1,275,000) (2,109,000) (2,942,000)
Payments related to tax withholding for stock-based compensation (611,000) (464,000) (15,955,000) (14,668,000)
Payments of dividends (5,803,000) 0 (17,385,000) 0
Repurchase of common stock 0 (26,755,000) (20,092,000) (216,661,000)
Net cash provided by financing activities 307,111,000 90,963,000 708,749,000 72,860,000
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (87,000) (199,000) (123,000) 1,605,000
Net increase (decrease) in cash, cash equivalents and restricted cash 6,394,000 (6,563,000) 1,255,000 (25,601,000)
Cash, cash equivalents and restricted cash, beginning of period 78,117,000 124,737,000 83,256,000 143,775,000
Cash, cash equivalents and restricted cash, end of period $ 84,511,000 $ 118,174,000 $ 84,511,000 $ 118,174,000